Scott Mass

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Scott Mass (Mass), currently associated with David Lerner Associates, INC., has at least one disclosable event. These events include one customer complaint, alleging that Mass recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $200,000.00 on November 13, 2023.

Allegation period: June 13, 2016 the date of the first purchase of the investments at issue to November 2, 2023 the date the SOC was received. \, \, Allegations: unsuitability, misrepresentation/omission

According to BrokerCheck records financial advisor Scott Mass (Mass), currently employed by David Lerner Associates, Inc. (David Lerner) has been subject to five customer complaints. According to records kept by The Financial Industry Regulatory Authority (FINRA), most of Mass’ customer complaints allege that Mass made unsuitable recommendations in a variety of investments including REITs, Puerto Rico bonds, and mutual funds.

In July 2018 a customer complained that Mass violated the securities laws by recommending unsuitable investments, breach of fiduciary duty, negligence, fraud and breach of contract in connection with the sale of Puerto Rico Bonds. The customer alleges $500,000 in damages. The claim is currently pending.

In December 2016 a customer complained that Mass violated the securities laws by recommending unsuitable investments from June 2007 through July 2015 causing $90,000 in damages. The claim settled for $15,000.

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