Martin Kevin Walcoe of Syosset New York a stockbroker currently employed by David Lerner Associates Inc. is referenced in a customer initiated investment related written complaint on August 9, 2016 where the customer requested unspecified compensatory damages founded on accusations that unauthorized trades of equities and government-debt products had been executed in the customer’s account.

Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Walcoe is referenced in two more customer initiated investment related disputes pertaining to allegations of Walcoe’s violative conduct during the time that he was associated with David Lerner Associates Inc.

Specifically, Walcoe was subject of a customer initiated investment related arbitration claim in which the customer was awarded $260,000.00 in damages based on David Lerner Associates being found liable on the customer’s claims that misrepresentations and omissions had been made to the customer; the customer’s account was handled in a negligent manner; fiduciary duties owed to the customer had been breached; contractual obligations were not fulfilled; the customer had been defrauded; and the firm failed to supervise the purchase of Apple Hospitality Real Estate Investment Trust Inc. positions for the customer’s account. FINRA Arbitration No. 12-01806 (June 25, 2014).

Subsequently, a customer filed an investment related complaint concerning Walcoe’s conduct where the customer sought $90,129.84 in damages supported by accusations that the customer’s assets were placed in municipal debt products that were not suitable for the customer given the customer’s objective for investing or financial profile.

Walcoe has been registered with David Lerner Associates Inc. since January 2, 1996.

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Guiliano Law Group, P.C.

Our practice is limited to the representation of investors. Over the last three decades, we have recovered more than a hundred million dollars for more than 1,000 injured investors from all over the United States and several foreign countries. We accept representation purely on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a confidential consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.

For more information concerning common claims against stockbrokers and investment professionals, please visit us at stockbrokerfraud.com

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