Fort Wayne, IN – December 18, 2025 – Josiah Lederman (CRD# 6871359), a registered broker and investment adviser representative with Concorde Investment Services, LLC and Concorde Asset Management, LLC in Fort Wayne, Indiana, is facing a pending customer complaint filed in November 2025. According to FINRA BrokerCheck records, the client alleges breach of fiduciary duty, failure to supervise, unsuitable recommendations, and failure to perform proper due diligence regarding 2022 investments in direct participation programs and limited partnership interests. This post provides FINRA-reported disclosure information to inform investors and explain potential recovery options.
BrokerCheck Snapshot
Name: Josiah David Lederman
CRD #: 6871359
Firm: Concorde Investment Services, LLC / Concorde Asset Management, LLC
Location: Fort Wayne, IN
Years in Industry: 8
Number of Disclosures: 1
Customer Complaint Against Josiah David Lederman
According to FINRA BrokerCheck records, Josiah David Lederman has one pending customer dispute filed in FINRA arbitration. The complaint was received on November 4, 2025, with the arbitration filing date of November 3, 2025. The matter remains pending.
The client alleges breach of fiduciary duty, failure to supervise, unsuitable recommendations, and failure to perform proper due diligence regarding 2022 investments. The product type involved is listed as direct investment in direct participation programs (DPP) and limited partnership interests.
Alleged Damages: $500,000.00 (range: $500,000 – $1,000,000)
Status: Pending
Employing Firm When Activities Occurred: Concorde Investment Services, LLC
Forum: FINRA Arbitration
Docket/Case #: 25-02411
It’s important to note that this matter is pending and involves unproven allegations. The complaint has not been resolved, and the claims have not been adjudicated.
Pattern of Complaints / Risk Factors
While each case is unique, complaints involving allegations of breach of fiduciary duty, failure to supervise, and unsuitable recommendations may indicate concerns related to inadequate investment due diligence, improper risk assessment, or failure to align investments with client objectives. Investors who purchased direct participation programsor limited partnership interests should carefully review account statements and seek legal guidance if similar issues occurred.
Can Investors Recover Losses?
Investors who were recommended unsuitable or high-risk investments may be entitled to recover their losses. Patil Law, P.C. has over 15 years of experience representing investors in FINRA arbitration and securities litigation, with more than $25 million recovered for clients across 1,000+ cases. We provide a free, confidential consultation to review your potential claim. Our firm works on a contingency fee basis, meaning you pay no attorney fees unless we successfully recover money for you.
If you invested in direct participation programs, limited partnerships, or other alternative investments through Concorde Investment Services, LLC or Concorde Asset Management, LLC and experienced losses, it’s important to understand your rights under securities regulations.
About FINRA Arbitration
FINRA arbitration is a streamlined dispute resolution process for securities-related claims. It offers a faster, more cost-effective alternative to traditional court litigation. Most cases are resolved within 12-16 months. Claims generally must be filed within six years of the incident. Securities arbitration allows investors to pursue recovery without the expense and delays of traditional lawsuits.
Related Brokers and Firms
Investors concerned about losses involving Concorde Investment Services, LLC may also want to review information about other advisors at the firm. Visit our Concorde Investment Services advisors complaints page for more information about the firm and related disclosures.
Additional resources on related issues:
Frequently Asked Questions
What is the complaint against Josiah David Lederman?
The pending complaint alleges that Josiah David Lederman committed breach of fiduciary duty, failure to supervise, unsuitable recommendations, and failure to perform proper due diligence regarding 2022 investments in direct participation programs and limited partnership interests. The complaint seeks between $500,000 – $1,000,000 in damages and is currently pending in FINRA arbitration (Case #25-02411).
Can investors recover losses involving Concorde Investment Services, LLC?
Yes. Investors who suffered losses due to broker misconduct at any firm may be entitled to compensation through FINRA arbitration. Securities laws provide protections for investors who were given unsuitable recommendations, misled about risks, or subjected to other violations.
What is FINRA arbitration?
FINRA arbitration is a dispute resolution process specifically designed for investment-related claims. It’s administered by the Financial Industry Regulatory Authority and provides an alternative to court litigation. The process typically takes 12-16 months and involves neutral arbitrators who hear evidence and make binding decisions.
What does “unsuitable investment” mean?
An unsuitable investment is one that doesn’t align with an investor’s financial situation, risk tolerance, investment objectives, or time horizon. Brokers have a legal obligation to recommend only investments that are suitable for their clients based on these factors. Unsuitable investment claims are among the most common allegations in securities cases.
How do I look up a broker on BrokerCheck?
Visit FINRA’s BrokerCheck website at brokercheck.finra.org. You can search by the broker’s name or CRD number. The report will show employment history, qualifications, and any disclosure events including customer complaints, regulatory actions, or criminal matters. For Josiah David Lederman, search CRD# 6871359.
What should I do if I suspect broker misconduct?
First, gather all account statements, trade confirmations, and communications with your broker. File a complaint with FINRA and your state securities regulator. Then, consult with a securities attorney experienced in FINRA arbitration to evaluate your potential claim. Time limits apply, so act promptly.
About Patil Law, P.C.
Patil Law, P.C. is a securities litigation firm dedicated to representing investors who have suffered losses due to broker misconduct, unsuitable recommendations, and securities fraud. Founded in 2018 by attorney Chetan Patil, the firm focuses exclusively on FINRA arbitration and investment loss recovery.
With over 15 years of combined experience in securities law, Patil Law has successfully recovered more than $25 million for clients across 1,000+ cases. Attorney Chetan Patil earned his law degree from Case Western Reserve University School of Law. Attorneys Gabriela Dubrocq and Patricia Herrera earned their law degrees from University of Miami. The firm handles cases nationwide involving unauthorized trading, churning, unsuitable investments, breach of fiduciary duty, and failure to supervise.
Patil Law works on a contingency fee basis, meaning clients pay no attorney fees unless the firm successfully recovers money on their behalf. All consultations are free and confidential.
Contact Patil Law, P.C.
If you lost money investing through Josiah David Lederman at Concorde Investment Services, LLC or Concorde Asset Management, LLC, contact Patil Law, P.C. for a free, confidential consultation. Our experienced securities attorneys can review your case and explain your legal options.
Phone: 800-950-6553
Email: info@patillaw.com
Website: investmentlosslawyer.com
We represent investors nationwide in FINRA arbitration and securities litigation matters. There is no obligation, and you pay no attorney fees unless we successfully recover money for you.
The information in this post is based on FINRA BrokerCheck records and public filings. Allegations described are pending or unproven and may be contested. All investors are entitled to fair treatment under securities laws. This is attorney advertising. Prior results do not guarantee a similar outcome. This communication is for informational purposes only and does not create an attorney-client relationship.
