Violation Tracker Individual Record
: David Lerner Associates, Inc.
: September 30, 2005
: financial offenses
: investor protection violation
: financial institution supervision failures
: NASD fined David Lerner Associates, Inc. $115,000 for misleading marketing materials, including radio advertising, client seminars and other communications with the public.
Level of Government
: agency action
: Financial Industry Regulatory Authority
Civil or Criminal Case
Source of Data
: NASD Fines David Lerner Associates $115,000 for Misleading Advertising and Communications with the Public, PR Newswire, September 30, 2005 (via Nexis).
: FINRA is a securities industry self-regulatory body authorized by the federal government. This case was handled by its predecessor, the National Association of Securities Dealers (NASD).
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Current parent company note
: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log