David Lerner Associates
Complaint 183493 Details

  • Date Occurred: 08/08/2008
  • Reported Damages: $11,000.00
  • Location: United States
  • !

The complaint is against an online dating profile

The complaint is a listing fraud posted on public forums or sites against an anonymous entity

The complaint is mobile text spam or smishing related against an anonymous entity

The company or person contact no longer exists

International boundaries

Three years ago, I met a representative of David Lerner Associates who sold me a REIT. I invested $9000.00 and specifically told this Rep that I wanted a safe place to put extra savings, but if I needed it, I would have to have it. He stated that the investment was available to me when I needed it and the contract said that I would have to wait three years. At that time he reiterated that the investment would yield 8%. In 2012 I called the company when I received a letter stating that I could no longer have access to this investment. It never was explained that this was an "illiquid" investment. They are being fined by FINRA for fraud. I was told that they would refund my money which grew to $11,000 at $74.00 per month, but I couldn't retrieve the amount it is worth because now they say it will take many years before I get my investment back. I am 75 years old and this investment was never described to me as Illiquid. I feel that I have been misled and I can't get my savings back...

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Business Profile Summary

  • David Lerner Associates logo

Company Statistics

  • Complaint Against David Lerner Associates
  • Complaints Filed: 1
  • Reported Damages: $11,000.00
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