10.0David P Neuman
(720) 599-3505

WARNING! Impending Investigation: JACOB LERMAN and UNIVEST INVESTMENTS INC.

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05
Nov

WARNING! Impending Investigation: JACOB LERMAN and UNIVEST INVESTMENTS INC.

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WARNING!  Impending Investigation:  JACOB LERMAN and UNIVEST INVESTMENTS INC.

Jacob Lerman and Univest Investments, Inc.

 

Have you lost money with financial advisor Jacob Lerman of Souderton, Pennsylvania?  We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Jacob Lerman. FINRA barred Lerman from the securities industry after he was alleged to have forged the signature of a customer on an IRA application.

 

When Lerman was first accused of forging the application, he stated that he had the customer’s permission to do so.  He later recanted his story and said that this was inaccurate.  FINRA also alleged that Jacob Lerman had previously been fined by the Pennsylvania Insurance Commission for forging customer signatures on insurance policies, in which he was ordered to pay a $3,000 fine and disgorge his commissions.

 

Jacob Lerman was a financial advisor and registered representative of Univest Investments, Inc. from June 2014 to September 2014.  He also worked with Merrill Lynch from October 2013 to June 2014, and with Morgan Stanley from September 2012 to July 2013.  He worked at branch offices in Souderton, Elkin Park, and Jenkintown, Pennsylvania.

 

Brokerage firms like Univest Investments 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 and the Seattle area.  We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Pennsylvania. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including LPL Financial, Merrill Lynch, Morgan Stanley, Smith Barney, Stifel Nicolaus & Company, UBS Financial Services, Oppenheimer, Charles Schwab, Wells Fargo Advisors, Ameriprise Financial Services, Raymond Jacob, ProEquities, Securities America, National Securities Corp., and many others.

 

HAVE YOU LOST MONEY WITH JACOB LERMAN OR UNIVEST INVESTMENTS?   

 

             CONTACT ISRAELS & NEUMAN, PLC FOR A FREE CONSULTATION

                Denver Office: (720) 599-3505

                Seattle Office: (206) 795-5798

 

Click to view:  Lerman FINRA AWC

Click to view:  Lerman BrokerCheck 11.5.15

 

 

 

Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.
10.0David P Neuman

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DENVER: (720) 599-3505

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