a man angry over his investors mistakes

Investigating Complaints Against Martin Kevin Walcoe and David Lerner Associates

Did you suffer investment losses after working with Martin Kevin Walcoe, a broker and financial advisor registered with the Financial Industry Regulatory Authority (FINRA) through the Syosset, New York branch of David Lerner Associates, Inc. (David Lerner) If so, the attorneys of Investment Loss Recovery Group want to help you. We are now investigating potential complaints against Martin Kevin Walcoe and David Lerner.

Our law firm works with clients nationwide who have lost money due to the negligence and/or misconduct of brokers and financial advisors whom they had trusted to provide sound investment advice and to ethically and responsibly handle their accounts. We bring more than 40 years of combined legal experience to our clients as well as in-depth knowledge of the financial services industry. Both of our attorneys have backgrounds as licensed securities brokers and as defense counsel for large Wall Street brokerage firms.

Contact us today if you incurred investment losses after working with Mr. Walcoe or David Lerner. We will review your potential claims in a free and confidential consultation.

Who Is Martin Kevin Walcoe?

You can find information about Martin Kevin Walcoe (CRD# 154945932) through a database available online and accessible by the public, the FINRA Central Registration Depository (CRD). Based on his FINRA BrokerCheck Report

Mr. Walcoe has worked in the financial services industry since 1986. Over the course of his career, he has been registered with FINRA through:

  • David Lerner Associates, Inc. (1986-present)

FINRA Brokercheck records reflect three customer disputes between 2012-2016 and they include allegations involving misrepresentation, unsuitability, and unauthorized trading. One matter resulted in an Award/Judgment, one was closed with no action, and one was denied.

What is the Customer Dispute Reported With An Award/Judgment on Mr. Walcoe’s FINRA Brokercheck?

The customer alleged misrepresentation and unsuitability relating to Apple REIT units. The claim alleged damages of $558,777.00 and resulted in an Award where David Lerner was directed to repurchase the REIT units from the customer for $260,000.00. There was no finding of liability against Mr. Walcoe, nor was he asked or did he contribute to the Award/Judgment.

How Can You Recover Investment Losses Involving Mr. Walcoe or David Lerner?

If you suffered investment losses involving Mr. Walcoe or David Lerner due to suspected misrepresentations or unsuitable investment recommendations, or if you suspect your accounts or investments were handled negligently or improperly, you may wish to seek legal advice and a no-cost review of your accounts or investments as soon as possible. You may be entitled to a recovery of your losses in addition to other damages. You may also have the right to file a private, confidential FINRA complaint against any broker, or brokerage firm that failed to properly handle your investment account, or may have failed to adequately supervise your investment accounts, or Mr. Walcoe’s conduct as a broker and financial advisor.

The skilled securities arbitration and investment fraud lawyers of Investment Loss Recovery Group have an insider’s view of the legal and regulatory issues that can affect a case, and we understand how brokerage firms evaluate these matters. We can review your case and present you with a strategic plan to help you recover your investment losses as expeditiously as possible.

We serve clients throughout the country. Contact us today for a free consultation and find out more about how we can assist you.

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