Our firm is investigating CONCORDE INVESTMENT SERVICES, LLC broker and investment adviser representative Josiah David Lederman (CRD# 6871359) of Fort Wayne, Indiana for potential investment-related misconduct.
Financial Advisor’s Career History
Based on his FINRA BrokerCheck report, Lederman has been associated with Concorde-affiliated entities since approximately 2017–2018, including registration as a general securities representative and service as an investment adviser representative. He has reported employment as an Investment Advisor Representative with Concorde Asset Management, LLC (beginning March 2018) and as a Registered Sales Assistant with Concorde Investment Services (beginning November 2017).
Josiah David Lederman Fraud Allegations and Investor Complaints Explained
Pending FINRA Customer Dispute (Case No. 25-02411)
FINRA BrokerCheck reflects one pending customer dispute reported for Lederman. The customer alleges breach of fiduciary duty, failure to supervise, unsuitable recommendation, and failure to perform proper due diligence regarding 2022 investments involving “Direct Investment—DPP & LP Interests.” The matter is identified as a FINRA arbitration (Docket/Case #25-02411) filed on November 3, 2025, and received on November 4, 2025, with alleged damages stated as $500,000 (with a reported range of $500,000–$1,000,000).
Disclosure Summary (for reader convenience)
- Customer Dispute (Pending) — FINRA arbitration #25-02411 (filed 11/03/2025; complaint received 11/04/2025). Allegations: breach of fiduciary duty, failure to supervise, unsuitable recommendation , and failure to perform proper due diligence regarding 2022 investments (Direct Investment—DPP & LP Interests). Alleged damages: $500,000 (reported range $500,000–$1,000,000).
To obtain a copy of Josiah David Lederman’s FINRA BrokerCheck report, visit this link.
Robert Wayne Pearce Is Committed to Recovering Your Investment Losses
FINRA Rule 2111 (Suitability) is implicated when an investor claims that an advisor recommended a strategy or product that did not match the investor’s profile, including risk tolerance, objectives, time horizon, liquidity needs, and capacity for loss. In a dispute alleging “unsuitable recommendations” involving DPP and LP interests, suitability analysis often focuses on whether the investor could reasonably bear the risks, illiquidity, fees, and concentration characteristics commonly associated with these products, and whether the recommendation was consistent with the customer’s stated objectives.
FINRA Rule 2090 (Know Your Customer) matters because a defensible suitability analysis typically depends on whether the broker used reasonable diligence to understand essential facts about the customer and the authority of the person acting on the account. When allegations include unsuitable recommendations and breach of fiduciary duty, failures in documenting and understanding investor circumstances can become a key evidentiary issue in FINRA arbitration.
FINRA Rule 3110 (Supervision) is relevant where a claimant alleges “failure to supervise.” In practice, these disputes often examine whether the firm maintained and enforced supervisory procedures reasonably designed to achieve compliance, including oversight of product due diligence, suitability review, and monitoring for red flags tied to alternative products and higher-risk recommendations.
Losing your savings to a dishonest broker or advisor can be devastating, but you do not have to face it alone. Robert Wayne Pearce and his team have spent over four decades helping investors who were misled or defrauded by Wall Street firms. The Law Offices of Robert Wayne Pearce, P.A. takes cases nationwide on a contingency fee basis. You pay nothing unless we recover your losses. Call (800) 732-2889 or email pearce@rwpearce.com today for a free and confidential consultation.