Haselkorn & Thibaut, a national securities fraud law firm with over 50 years of experience and a 98% success rate, has opened an investigation into Howard G. Roth, a registered advisor with David Lerner Associates, Inc. in White Plains, NY. If you invested with Howard G. Roth, understanding both his professional background and recent client allegations is essential for protecting your financial future.
Overview of Howard G. Roth – White Plains, NY Advisor with David Lerner Associates
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Name: Howard Gary Roth
CRD Number: 867754
Broker-Dealer: David Lerner Associates, Inc.
Location: 599 West Hartsdale Ave., White Plains, NY 10607
Industry Registration: Registered since 04/09/1979
Licensing: FINRA General Securities Representative and Municipal Securities Representative
Current Status and Background Check of Howard G. Roth
Before placing your trust in a financial advisor, it’s crucial to review their regulatory record. According to FINRA BrokerCheck and public databases:
- Regulatory Actions: None
- Customer Complaints or Arbitrations: None on record prior to the current pending case
- Employment Suspensions/Bar Notices: None
- Bankruptcy Filings: None
- Criminal or Civil Judicial Actions: None
- SEC Orders or Actions: None
- Civil Lawsuits (PACER & Public Records): None found
- Other State-Level Investigations: None known
While Roth’s formal regulatory record appears clear, there is now an active customer complaint pending in FINRA arbitration as of November 2025 involving a significant claim.
Details of the Pending Customer Dispute
| Case Details | Information |
|---|---|
| Arbitration Forum | FINRA |
| Case Number | 25-01773 |
| Current Alleged Damages | $125,000 |
| Product(s) Involved | Private Placements, notably Energy 11 LP |
Summary of Allegations Against Howard G. Roth
- Unsuitability: Recommending or selling private placements (such as Energy 11 LP) that allegedly did not match the client’s investment objectives, risk tolerance, or liquidity needs, potentially violating FINRA Rule 2111.
- Breach of Fiduciary-Type Duties/Best Interest: Allegations that recommendations may not have upheld standards required by SEC Regulation Best Interest (Reg BI) for retail customers.
- Misrepresentation/Omission of Material Facts: Alleged failure to provide full and fair disclosure as required under FINRA Rules 2020 and 2010.
- Failure to Supervise: Accusations that the firm did not implement adequate supervisory procedures as required by FINRA Rule 3110, particularly relevant in private placement sales.
Product Concerns: Energy 11 LP and Similar Private Placements
Energy 11 LP—a non-publicly traded limited partnership focused on North Dakota oil and gas wells—suspended investor distributions in 2020. By 2021, its estimated value per unit fell to less than half the initial offering price, and by 2022, it reported $45 million in unpaid distributions. These trends have drawn increased scrutiny from both regulators and investors.
David Lerner Associates, Inc. has faced prior regulatory actions related to proprietary product sales and currently has 19 regulatory disclosures according to FINRA. Historically, the firm has been sanctioned over similar alternative investment offerings, making careful review of these investment recommendations especially important.
What to Do If You Invested with Howard G. Roth
If you are a client of Howard G. Roth or invested in products he recommended—especially private placements like Energy 11 LP—you may have questions about the suitability of these investments and your options for recovering potential losses.
- Has your portfolio decreased in value after investing in non-traded limited partnerships or other alternative products?
- Do you feel the risks and liquidity associated with your investments were not fully explained?
- Were your financial needs, age, or objectives properly considered by your advisor?
If you answered “yes” to any of these, it may be time to ask questions and seek professional guidance. Even one substantial loss can seriously impact your ability to meet long-term financial goals.
How Haselkorn & Thibaut Can Help
- Free and Confidential Consultation: Speak directly to an experienced securities attorney. No obligation and no upfront fees.
- No Recovery, No Fee: Haselkorn & Thibaut only receives payment if your case results in a successful financial recovery.
- Nationwide Reach: With deep experience in FINRA arbitration and securities litigation, Haselkorn & Thibaut represents investors across the United States.
- Track Record of Results: Over 98% success rate and millions in client recoveries from broker-dealers and advisors nationwide.
Don’t wait to act. Every situation is unique, and strict time limits apply to securities arbitration claims. Quick action may be critical in protecting your rights and maximizing your recovery.
Contact Haselkorn & Thibaut Today
If you invested with Howard G. Roth at David Lerner Associates, Inc. in White Plains, NY, and have experienced unexpected losses—especially in private placements like Energy 11 LP—call Haselkorn & Thibaut at 1-888-994-8066 for a free, no-obligation consultation. An attorney will review your circumstances with you and help explore your options.
Your peace of mind matters. Let the experienced team at Haselkorn & Thibaut review your case and guide your next steps. No recovery, no fee.
