CRD #5397 · FINRA BrokerCheck + SEC IAPD

David Lerner Associates, Inc.

According to FINRA BrokerCheck disclosure totals used on PlainAdvisorCheck graded firms, David Lerner Associates, Inc. ranks #122 of 20,055 by disclosure count (most disclosures first). Among firms registered in NY, it ranks #25 of 868 on the same disclosure sort used on the state browse page. David Lerner Associates, Inc. carries 42 BrokerCheck disclosures across 9 branch offices - heavy load for a small firm, earning a Grade C.

Verify on FINRA BrokerCheck → Browse all firms
Grade C
Safety grade
9
branch offices
42
disclosures
#122 of 20,055
disclosure rank · graded

FINRA BrokerCheck disclosure docket

CRD record 5397 David Lerner Associates, Inc.

David Lerner Associates, Inc. · Grade C · 42 disc · 4.67/office · Small firm

  • CRD 5397
  • GRADE C
  • DISC 42
  • REG 23
  • ARB 19
  • CIV 0
  • BRANCH 9
  • PER-OFF 4.67
  • RANK #122 of 20,055
  • BOOK Small firm

Intensity peers

Nearest same-size peer: TP Icap Global Markets Americas LLC (4.71 disc/office)

TP Icap Global Markets …4.71Clearpool Execution Ser…4.75Tradition Securities an…4.57David Lerner Associ… (this)4.67
Disclosures per office among small firm peers (lower is cleaner)

David Lerner Associates, Inc. ranks #122 of 20,055 by disclosure count among graded broker-dealers; heavy load at 4.67 disclosures per office. Verify on FINRA BrokerCheck →

PlainAdvisorCheck rating 3/5 - an editorial, size-normalized signal, not a regulatory determination. Always verify the underlying record on FINRA BrokerCheck before engaging an advisor.

Data updated July 2026

Branch offices

9 offices

FINRA: Small firm

Total disclosures

42 events

On FINRA BrokerCheck

Regulatory events

23 actions

55% of all disclosures

Disclosures per office

4.67 per office

42 ÷ 9 offices

David Lerner Associates, Inc. vs. every disclosing firm

Disclosures per branch office, the size-normalized signal behind the grade (lower is cleaner)

5 a cleaner per-office record than 0% of 1,251 disclosing firms

0–0: 314 disclosing firms (25%). Below this entry. 0–1: 159 disclosing firms (13%). Below this entry. 1–1: 301 disclosing firms (24%). Below this entry. 1–1: 40 disclosing firms (3%). Below this entry. 1–1: 140 disclosing firms (11%). Below this entry. 1–2: 32 disclosing firms (3%). Below this entry. 2–2: 65 disclosing firms (5%). Below this entry. 2–2: 9 disclosing firms (1%). Below this entry. 2–2: 72 disclosing firms (6%). Below this entry. 2–3: 14 disclosing firms (1%). Below this entry. 3–3: 24 disclosing firms (2%). Below this entry. 3–3: 6 disclosing firms (0%). Below this entry. 3–3: 32 disclosing firms (3%). Below this entry. 3–4: 5 disclosing firms (0%). Below this entry. 4–4: 10 disclosing firms (1%). Below this entry. 4–4: 3 disclosing firms (0%). Below this entry. 4–4: 9 disclosing firms (1%). Below this entry. 4–5: 3 disclosing firms (0%). Below this entry. 5–5: 11 disclosing firms (1%). This entry sits in this band. 5–5: 2 disclosing firms (0%). Above this entry. This firm 0 5 every disclosing firm, by disclosures per office, bucketed by value

Each bar is a band; taller bars hold more disclosing firms. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.

Source FINRA BrokerCheck · SEC IAPD · 2026

Disclosure Breakdown

Disclosure Type Count
Regulatory Events 23
Arbitrations 19
Civil Events 0
Total 42

Counts for David Lerner Associates, Inc. reflect events reported on FINRA BrokerCheck as of July 2026. Disclosures are reported events, not proven violations.

Disclosure category share

Regulatory 23 Arbitration 19 Civil 0

Firm Details

Firm Size
Small
Scope
ACTIVE
Location
Syosset, NY
CRD Number
5397

Elevated disclosures per office

David Lerner Associates, Inc. in the heavier-disclosure third

David Lerner Associates, Inc. carries 42 BrokerCheck disclosures across 9 branch offices - a heavier-third raw book among graded firms (#122 of 20,055). Mix is 23 regulatory, 19 arbitration, and 0 civil (55% regulator share).

David Lerner Associates, Inc. runs 4.67 disclosures per branch office (cleaner than only 100% of disclosing multi-office firms). Verify on FINRA BrokerCheck ↗ · how disclosures are interpreted.

Educational summary of David Lerner Associates, Inc.'s disclosure book - not financial advice. Disclosures are reported events, not proven violations; consult a licensed advisor before decisions.

New York cohort · 4.80× state average

David Lerner Associates, Inc. sits above the New York disclosure average

David Lerner Associates, Inc. reports 42 BrokerCheck disclosures, 4.80× the New York average of 8.7 across 868 graded firms with a principal-office state on file.

In New York, 513 firms carry Grade A and 7 carry Grade F on the same size-normalized scale.

Average uses graded firms with a principal-office state on file, not a full 50-state census. Open the New York state book →

Source: FINRA BrokerCheck & SEC IAPD Public Disclosure Data

Frequently Asked Questions

Where does David Lerner Associates, Inc. sit among graded broker-dealers by disclosure count?
According to FINRA BrokerCheck disclosure totals used on PlainAdvisorCheck graded firms, David Lerner Associates, Inc. ranks #122 of 20,055 by disclosure count (most disclosures first). Among firms registered in NY, it ranks #25 of 868 on the same disclosure sort used on the state browse page. Ordinals match the disclosure-first sort documented on our methodology corpus-placement section. A high disclosure rank is not automatically a finding of wrongdoing; larger firms accumulate more reported events. Always review the underlying FINRA BrokerCheck detail before engaging.
What does a grade of C mean for David Lerner Associates, Inc.?
A grade of C reflects David Lerner Associates, Inc.'s disclosure intensity, its weighted disclosure load per branch office, ranked against other firms of a similar size (small firm). It carries 42 total disclosures across 9 branch offices. Review the specific disclosures on FINRA BrokerCheck before engaging.
How many FINRA disclosures does David Lerner Associates, Inc. have?
David Lerner Associates, Inc. has 42 total FINRA disclosures, including 23 regulatory events, 19 arbitrations. Disclosures reflect reported events on FINRA BrokerCheck and do not necessarily indicate proven violations.
How big is David Lerner Associates, Inc.?
David Lerner Associates, Inc. operates 9 branch offices and is classified by FINRA as a small firm, registered in NY (Small firm). FINRA BrokerCheck publishes branch-office counts but not a firmwide registered-representative headcount, so PlainAdvisorCheck measures firm size by branch footprint.
Where can I verify David Lerner Associates, Inc.'s disciplinary record?
You can verify David Lerner Associates, Inc.'s full disciplinary history on FINRA BrokerCheck at brokercheck.finra.org using CRD number 5397. BrokerCheck provides detailed information about individual registered representatives, complaints, and regulatory actions.
What is a FINRA disclosure?
A FINRA disclosure is a reported event (regulatory, arbitration, or civil). David Lerner Associates, Inc.'s 42 events mean reading the underlying BrokerCheck detail matters more than the raw count alone.
Should I avoid David Lerner Associates, Inc. because of its disclosures?
Not necessarily. Larger firms accumulate more disclosures simply because they operate more offices, so PlainAdvisorCheck grades each firm against same-size peers rather than on raw counts. David Lerner Associates, Inc. carries 42 disclosures across 9 branch offices (about 4.67 per office). Review the nature of individual disclosures on FINRA BrokerCheck before making a decision.

Nationwide peers by disclosures or branches

Two PlainAdvisorCheck-derived peer sets for David Lerner Associates, Inc., both outside NY so the neighborhoods are not state containment (the same-size intensity list below stays size-tier local).

Read with this firm

Read our methodology - heavier-disclosure firms: how raw counts and per-office intensity are graded.

Retrieved and formatted by PlainAdvisorCheck from FINRA BrokerCheck public records.