INVESTORS: Former David Lerner Associates broker Lawrence Merl was named in a customer dispute alleging unsuitable investment recommendations.
Lawrence Merl (CRD: 2443190) was registered as a broker with David Lerner Associates from 1994 until 2022.
Merl has three disclosures on his BrokerCheck report. A regulatory judgment filed against Merl occurred in 2004.
November 2021 Customer Dispute
Allegations: Unsuitability, omissions
Damage Amount Requested: $100,000.00
Broker Comment: Lawrence Merl was not a named party to the action. The allegations do not include misappropriation, forgery, theft or conversion of funds or securities. Mr. Merl’s name did not appear in the body of the SOC however, DLA made a best efforts attempt and confirmed that he was the IC who sold the investments at issue in the SOC.
October 2020 Customer Dispute
Allegations: Unsuitability, misrepresentation in connection with Energy 11.
Damage Amount Requested: $999,999.00
Settlement Amount: $750,000.00
The Sonn Law Group is currently investigating allegations surrounding Lawrence Merl. We represent investors in claims against negligent brokers and brokerage firms. If you or your loved one experienced investment losses, we are here to help. For a free consultation, please call us now at 866-827-3202 or complete our contact form.