DID MICHAEL JOSEPH NORTON CAUSE YOU INVESTMENT LOSSES?
Michael Norton Of David Lerner Associates, Inc. Has 9 Customer Complaints For Alleged Broker Misconduct
Who is Michael Norton of David Lerner Associates, Inc.?
Michael Norton (CRD #2617985) who is currently registered as a broker and investment adviser with David Lerner Associates, Inc. and located in Syosset, New York, is a subject of one of our many securities industry sales practice abuse investigations. Prior to David Lerner Associates, Inc., Michael Norton was associated with other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Michael Norton Customer Complaints
Michael Norton has been the subject of 9 customer complaints that we know about seeking to recover investment losses. Four of the customer complaints were settled by David Lerner Associates in favor of the investors. Another customer complaint was filed with David Lerner Associates for Michael Norton’s alleged misconduct and denied by the brokerage firm. The customers took no further action. There is currently one misconduct proceeding that was recently filed against David Lerner Associates for Michael Norton’s alleged misconduct that is still pending.
Allegations Against Michael Norton
A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:
- Unsuitability, misrepresentation, and omissions related to the offer and sale of a mutual fund.
- Unsuitable investment recommendation of REITs.
- Unsuitable investment recommendations for municipal debt.
- Misrepresentation of REIT investments.
- Unsuitable investment recommendations of variable annuity contracts, direct investments, and mutual funds.
- Unsuitable recommendation to purchase mutual fund.
- Unsuitable recommendations and misrepresentations related to municipal debt.
- Unsuitable recommendations to purchase a Puerto Rico municipal bond.
- Unsuitability, misrepresentations and omissions, breach of fiduciary duty and negligence related to private placement investments (Energy 11).
Michael Norton Red Flags & Your Rights As An Investor
Of course, Michael Norton did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Michael Norton at David Lerner Associates, Inc. on alert to review carefully the activity and performance of their accounts and question whether Michael Norton has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at David Lerner Associates, Inc. also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At David Lerner Associates, Inc. Due To Michael Norton
If you have questions about David Lerner Associates, Inc. and/or Michael Norton and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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