Last Updated: April 2024 (Boca Raton, FL)
Craig Nomberg Investigation Summary
Here’s what you need to know about Boca Raton, FL, stockbroker Craig Nomberg:
- Name: Mr. Craig Steven Nomberg
- Current Employer: Wells Fargo Clearing Services, Wells Fargo Advisors (RIA)
- Previous Firms: David Lerner Associates
- Function: Stock Broker/ Financial Advisor/ Registered Investment Advisor
- Aliases: Craig Nomberg
- Primary Location: Boca Raton, FL
- CRD 4293515
- Can Craig Nomberg be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Highest Settlement or Award: $260,000
- Pending Customer Dispute Seeks Damages of $500,000
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Craig Nomberg As Your Stockbroker?
In 2014 a FINRA arbitration panel awarded a customer of David Lerner Associates $260,000 in an arbitration alleging misrepresentation and unsuitability by Craig Nomberg and Lerner in connection with the sale of Apple REIT units.
In 3/2024 a customer of David Lerner Associates filed a FINRA arbitration alleging that Nomberg made misrepresentations and ommissions in connection with the unsuitable recommendation to invest in SOAEX. This matter is currently pending and the customer alleges damages of $500,000.
[LEARN MORE]: See this for more information on REITs and Other Alternative Investments
Allegations of Broker Misconduct Against Craig Nomberg
Customers of Craig Nomberg have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendation to invest in Apple REITs
- Misrepresentations and omissions in connection with the recommendation to invest in SOAEX
[LEARN MORE]: Firms Have a Duty to Supervise their Financial Advisors (FINRA Rules 3110 & 2090)
Brokers and their firms have a duty to comply with the FINRA suitability rule which requires that they have a reasonable basis to believe that a recommendation is suitable for the customer.
[LEARN MORE]: FINRA Rule 2111- suitability
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
Recover Your Investment Losses Now With Rex Securities Law
[LEARN MORE]: Our Investigations of other David Lerner Associates brokers
If you have suffered investment losses in an account handled by Craig Nomberg, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors and broker dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
