Howard Gary Roth (CRD# 867754) is a registered broker with David Lerner Associates, Inc. in White Plains, New York, and is the subject of a pending FINRA arbitration customer dispute alleging misconduct related to recommendations and sales of the Energy 11 private placement.
Financial Advisor’s Career History
Howard G. Roth has spent his entire securities industry career with David Lerner Associates, Inc. (CRD# 5397), where he has been registered since April 9, 1979.
- Current Firm: David Lerner Associates, Inc.
- Main Office Address: 477 Jericho Turnpike, Syosset, NY 11791-9006
- Branch Office Location Listed: 599 West Hartsdale Avenue, White Plains, NY 10607
- Registrations: General Securities Representative and Municipal Securities Representative with FINRA; licensed in multiple U.S. states and territories.
Roth’s BrokerCheck report reflects a long tenure with David Lerner Associates and notes one pending customer dispute disclosure.
Howard Gary Roth Fraud Allegations and Investor Complaints Explained
According to FINRA BrokerCheck, Howard G. Roth has one pending customer dispute involving a private placement investment. The allegations have not been proven, and the matter may be resolved in his favor or via settlement without any admission of wrongdoing.
Pending Energy 11 Private Placement Arbitration
- Disclosure Type: Customer Dispute – Pending
- Reporting Source: Broker
- Employing Firm at Time of Alleged Conduct: David Lerner Associates, Inc.
- Product Type: Private Placement – Energy 11
- Alleged Misconduct: Investment-related sales practice violations in connection with purchases of Energy 11 units during the period from October 22, 2015 (first purchase) through September 8, 2025 (Statement of Claim date).
- Alleged Damages: $125,000.00
- Forum: FINRA Arbitration (Case No. 25-01773)
- Status: Pending as of the latest BrokerCheck report.
Summary of Disclosure
- Action: Customer-initiated FINRA arbitration regarding Energy 11 private placement
- Allegations: Investment-related misconduct tied to Energy 11 purchases
- Damages Claimed: $125,000.00
- Disposition: Pending; no final finding of liability or disciplinary sanction reported
- Note: Allegations may ultimately be withdrawn, dismissed, or resolved without any admission of wrongdoing by Mr. Roth.
To obtain a copy of Howard Gary Roth’s FINRA BrokerCheck report, visit this link:
Robert Wayne Pearce Is Committed to Recovering Your Investment Losses
FINRA Rule 2111 (Suitability).
FINRA Rule 2111 requires brokers to have a reasonable basis to believe that a recommended security or investment strategy is suitable based on the customer’s investment profile, and to understand the risks, costs, and characteristics of the product—requirements that apply with particular force to illiquid, high-risk private placements like Energy 11. If an investor was placed into Energy 11 without adequate due diligence, risk explanation, or alignment with their objectives, regulators and arbitrators may view that as a potential Rule 2111 violation.
FINRA Rule 2210 (Communications with the Public).
FINRA Rule 2210 mandates that all communications be fair and balanced and prohibit exaggerated, unwarranted, or misleading statements or omissions. If any written materials, presentations, or sales pitches used to promote Energy 11 minimized its risks, overstated its income potential, or failed to adequately disclose illiquidity and offering-specific risks, those communications could be scrutinized under Rule 2210 in evaluating whether investors were misled.
FINRA Rule 2010 (Standards of Commercial Honor and Principles of Trade).
FINRA Rule 2010 requires that brokers and member firms observe high standards of commercial honor and just and equitable principles of trade. Even where specific product or disclosure rules are at issue, a pattern of recommending speculative private placements inconsistent with a customer’s needs or risk tolerance, or failing to deal candidly with investors about material risks, may be charged as a Rule 2010 violation if misconduct is established.
The Law Offices of Robert Wayne Pearce, P.A. is a nationally recognized securities law firm representing investors in FINRA arbitration and securities fraud cases on a contingency fee basis. Robert Wayne Pearce, the founding attorney, has more than 45 years of experience recovering millions for victims of broker misconduct and investment fraud. He previously defended major brokerage firms and now uses that insight to protect investors nationwide.
To discuss your case directly with Mr. Pearce, call (800) 732-2889 or email pearce@rwpearce.com for a free consultation.