Notice to All Apple REIT Investors Concerning Recent Amended FINRA Complaint Against David Lerner Associates from the Securities Law Firm of Tramont Guerra Nunez, PA

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In light of these developments, TGN urges investors who hold Apple REITs recommended by David Lerner Associates to consider what recourse is available to recover their investment losses.

The Securities Law Firm of Tramont Guerra & Nunez, P.A. (TGN) provides notice to all Apple REIT investors concerning recent FINRA Complaint against David Lerner Associates (DLA). The Financial Industry Regulatory Authority, (FINRA) is a self regulating organization with sales practice rules and regulations that govern the securities industry’s conduct and safeguard the investing public. On May 17, 2011, FINRA filed Disciplinary Proceeding No. 2009020741901 which was a complaint against FINRA member David Lerner Associates, Inc. for violation of NASD Rule 2310, 2210(d)(1) and FINRA Rules 2310(b), 2010. On December 13, 2011, FINRA amended the Complaint to add more allegations to the Disciplinary proceeding. FINRA is a self regulating organization with sales practice rules and regulations that govern DLA business conduct to safeguard and protect the investing public.

In light of these developments, TGN urges investors who hold Apple REITs recommended by David Lerner Associates to consider what recourse is available to recover their investment losses. According to TGN, investors were advised by David Lerner Associates that investments in Apple REITs were stable safe investments with predictable investment returns. According to the Financial Industry Regulatory Authority, unsuitable investment advice, failure to supervise the activities of financial advisors and fraudulent misrepresentations and omissions of material facts are causes of action that are available to investors against David Lerner Associates and their financial advisors in an individual securities arbitration claim filed with FINRA.

The Securities Law Firm of Tramont Guerra & Nunez, PA, is a nationally recognized, securities law firm. To request a confidential consultation from a TGN attorney to determine whether you have a viable individual securities arbitration claim against David Lerner Associates for investment losses in Apple REITs that exceed $250,000, contact us on our website. To speak directly with an attorney, call (800) 578-0137 and ask for David Chacin, Esquire.

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