David Neuman

The attorneys at the law firm of Israels & Neuman, PLC, have recovered millions of dollars for victims of securities and investment fraud.

David P. Neuman is an active member of PIABA (The Public Investors Arbitration Bar Association) and currently sits on the Board of Directors. He has chaired multiple PIABA committees and has written several articles advocating for investor protection.

The law firm of Israels & Neuman represents investors in all 50 states and offers contingent representation, meaning you DO NOT pay unless we recover money for you!

Call (206) 795-5798 for a Free and Confidential case review.

Northern Illinois University

J.D. (2005) | Law

2005

Honors: Magna Cum Laude, May 2005

Partner

Israels & Neuman

2014 - Current

A Menace to Investors: Non-Attorney Representatives in FINRA Arbitration

Managing Client Expectations, Public Investors Arbitration Bar Association Annual Meeting, Austin, Texas

October 26, 2012

Public Investors Arbitration Bar Association

Fixed Income, Public Investors Arbitration Bar Association Mid-Year Meeting, Los Angeles

May 5, 2018

Public Investors Arbitration Bar Association

Arbitrator

FINRA Dispute Resolution

Outstanding Service Award

PIABA

David Neuman Presented with Outstanding Service Award

Washington State Bar Association  # 48176

Member

Current

The Florida Bar  # 0078343

Member

Current

State Bar of Illinois  # 6286955

Member

Current

Public Investors Arbitration Bar Association

Board of Directors

Current

Florida

The Florida Bar

Illinois

Supreme Court of Illinois

Washington

Washington State Bar Association

• Free Consultation
  We always offer a free consultation and case review.
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• Contingent Fees
  We offer contingent fee representation.

Q. Do I have legal rights regarding FBCC tender offer?

March 3, 2025

A: You can accept the tender offer, but I imagine that the amount of money to you might be pretty low. You can also do nothing, in which you keep your shares of Benefit Street/Franklin BSP Capital, for whatever they are worth now. To the extent that your investment still generates dividends or distributions, you would lose the right to get those dividends if you sold via the tender offer.

Your other option is potentially to sue the advisor and/or brokerage firm that sold this investment to you, if the investment was unsuitable for you, or if the advisor misrepresented the risks of this investment. Brokerage firms can be liable if the investment did not meet your risk tolerance, investment objective, age, etc., under FINRA Rule 2111.

I would be happy to answer further questions too. Good luck! ... Read More

Q. My question pertains to potential breach of fiduciary responsibility by my financial advisor, Merrill Lynch.

July 28, 2022

A: California law finds that stockbrokers and financial advisors are per se fiduciaries to their clients. Thus, the fiduciary has to act in your best interest first. There are a number of other duties that arise when a stockbroker is a fiduciary, such as keeping their clients abreast on changes in the market. That may include moving into a defensive posture when the market shows signs of decline.

It is difficult to tell you whether you have a potential claim against Merrill Lynch without analyzing your account statements and comparing that to your investment objectives, risk tolerance, and other factors. I suggest that you find an attorney who specializes in suing brokerage firms like Merrill. To find such attorneys, you can visit www.piaba.org, which is an organization of attorneys dedicated to the rights of investors.

I'd also be happy to answer further questions. Good luck! ... Read More

Q. I am looking for several TOP lawyers/firms with extensive experience relative to Brokerage firm Fraud.

August 24, 2019

A: You will want to also include in your search attorneys who represent investors in FINRA arbitration, as you are likely subject to an arbitration clause if you dealt with a licensed brokerage firm. I would suggest using the search function on this website, or visit www.piaba.org to find an attorney near you who handles this type of work.

Most claims are predicated on two theories - that the firm or broker misrepresented the risk of an investment to you, or the investments (or investment strategy) was not suitable for you considering your age, risk tolerance, net worth, investment objectives, etc. There are other potential claims that you could make, although it's difficult to tell with the limited information provided so far.

I would be happy to answer further questions as well. ... Read More