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Did You Lose Money Because of Scott Mass?

Filed: February 2, 2024

Scott Mass currently has one (1) pending customer complaint. Overall, he has been the subject of six (6) customer complaints. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.

Let’s begin our Patil Law Advisor Alert with a summary report on Scott Mass.

Who Is Scott Mass of David Lerner Associates, Inc.?

  • Advisor Name: Scott Mass
  • Aliases: Scott Mass
  • CRD: 1971403
  • Location: Syosset, New York
  • Current Employer: David Lerner Associates, Inc.
  • Previous Firms: Unknown
  • Number of Known Customer Complaints: 6
  • Can Scott Mass Be Sued: Yes, in Private Arbitration
  • Can Scott Mass’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
  • Highest Damages Allegation: $500,000
  • Highest Settlement: $15,000

If you have suffered investment losses by Scott Mass, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a breach of fiduciary duty lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.

Customer Complaints Filed Against Scott Mass For Broker Misconduct

As of this publication date, Scott Mass has been the subject of 6 customer disputes. Let’s review them below.

In November 2023, a FINRA arbitration was filed against or in reference to Scott Mass by a customer of David Lerner Associates, Inc. alleging unsuitability and misrepresentation/omission. Per the customer, he/she lost over $200,000 because of Mr. Mass’s actions. As of this publication date, this claim remains pending.

In July 2018, a FINRA arbitration was filed against or in reference to Scott Mass by a customer of David Lerner Associates, Inc. alleging unsuitability, breach of fiduciary duty, negligence, fraud and breach of contract in connection with the sale of Puerto Rico Bonds. Per the customer, he/she lost over $500,000 because of Mr. Mass’s actions. On October 30, 2019, Mr. Mass settled the claim for $9,000, and some or all of this amount may have been paid by Mr. Mass’s employer and/or insurance carrier.

In December 2016, a FINRA arbitration was filed against or in reference to Scott Mass by a customer of David Lerner Associates, Inc. alleging unsuitability. Per the customer, he/she lost over $90,000 because of Mr. Mass’s actions. On November 20, 2017, Mr. Mass settled the claim for $15,000, and some or all of this amount may have been paid by Mr. Mass’s employer and/or insurance carrier.

In August 2016, a complaint was filed against or in reference to Scott Mass by a customer of David Lerner Associates, Inc. alleging suitability based on age, misrepresentation regarding risks associated with the products recommended, and losses incurred. Per the customer, he/she lost over $65,000 because of Mr. Mass’s actions.

In March 2012, a FINRA arbitration was filed against or in reference to Scott Mass by a customer of David Lerner Associates, Inc. alleging violation of suitability obligations, misrepresentation and omitted material information in sale of Apple REITS. Per the customer, he/she lost over $250,000 because of Mr. Mass’s actions.

In December 2011, a complaint was filed against or in reference to Scott Mass by a customer of David Lerner Associates, Inc. alleging poor service. Per the customer, he/she lost over $5,000 because of Mr. Mass’s actions.

How To File A Claim Against Scott Mass of David Lerner Associates, Inc. To Get Your Money Back

If you have questions about Scott Mass, David Lerner Associates, Inc., or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.

Author Photo

Chetan Patil

Chetan Patil is the founder and Managing Partner of the Patil Law. He brings over 15 years of extensive experience in diverse complex disputes and transactions, across the country. Mr. Patil specializes in litigations, trials, arbitrations, and appeals of complex securities, FINRA, financial and business disputes, with an emphasis in securities, financial services, and financial regulatory law.
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