Israels & Neuman, PLC Investigates Peter Testani, of David Lerner Associates

SYOSSET, NEW YORK – Have you lost money with financial advisor Peter Testani, of David Lerner Associates in Syosset, New York?  We are looking into allegations made against Peter Testani, who has been the subject of a customer complaint that was filed in 2021.  The customer alleges unsuitable investments in Energy 11 and Energy 12, which are oil and gas investments.  The customer alleged losses of $300,000 from Energy 11 and Energy 12.

Peter Testani has been a registered representative of David Lerner Associates from 2011 to the present.  He has worked at branch offices in Syosset, New York.

Brokerage firms like David Lerner Associates have a responsibility to adequately supervise all representatives who are registered through their firm.  Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies.  When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.

Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Seattle, Washington; Phoenix, Arizona; and Ann Arbor, Michigan.  We represent investors in FINRA arbitration proceedings in all 50 states, including investors in New York.  Our attorneys have represented over one thousand investors against many brokerage firms in the past.

Click to view BrokerCheck:  Testani, Peter BrokerCheck 6.21.21

If you lost money with Peter Testani or David Lerner Associates, contact the law firm of ISRAELS & NEUMAN at (720) 599-3505 or (206) 795-5798 for a Free evaluation of your case.