Violation Tracker Individual Record

Company: 
David Lerner Associates, Inc.
Penalty: 
$115,000
Year: 
2005
Date: 
September 30, 2005
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Secondary Offense: 
financial institution supervision failures
Violation Description: 

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: 
federal
Action Type: 
agency action
Agency: 
Financial Industry Regulatory Authority
Civil or Criminal Case: 
civil
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).

Notes: 

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).

Source Notes: 
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Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.