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Statement Regarding FINRA Bond Pricing Allegations
In connection with FINRA’s recent complaint involving DLA’s municipal bond and CMO pricing, the firm’s position is as follows:
For over 30 years, David Lerner Associates has offered investors the opportunity to invest in bonds at fair and reasonable prices and with attractive yields. The evidence will demonstrate that our prices have been significantly lower than the prices Courts have traditionally found to be fair and reasonable. The firm vigorously denies FINRA’s allegations; believes its claims to be unfounded; and expects to be completely vindicated upon the conclusion of this process. |
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