Abbe Wollins, Formerly of David Lerner Associates, Suspended by FINRA

BOCA RATON, FLORIDA

Did you invest in oil and gas investments with financial advisor Abbe Wollins, formerly with David Lerner Associates in Boca Raton, Florida?  Our law firm is looking into claims made by FINRA against Abbe Wollins.  FINRA has suspended Wollins from the securities industry for three months and fined him $5,000.

According to FINRA’s Letter of Acceptance, Waiver, and Consent (AWC), Wollins allegedly recommended that three of his customers invest in a limited partnership that was formed to acquire oil and gas properties.  FINRA alleged that Wollins did not have a reasonable basis to recommend these investments and therefore violated Rule 2111.  In addition to the fine, Wollins was also ordered to disgorge $2,448 in commissions from the oil and gas sales.

Abbe J. Wollins worked with David Lerner Associates from 2007 to July 2021.  Wollins worked in Boca Raton and Coral Springs, Florida.

Israels & Neuman is an investment fraud law firm that represents clients throughout the U.S., including investors in Florida.  We also have previously represented over one thousand investors against dozens of securities brokerage firms around the country, including against David Lerner Associates.

View Wollins, a FINRA AWC

View Wollins, a BrokerCheck 6.22.23

If you lost money with Abbe Wollins or David Lerner Associates, please Contact Us at 206-795-5798 for a free evaluation of your case.