Damon Darrell Walker of Davenport Iowa a stockbroker formerly employed by Cambridge Investment Research Inc. has been censured and fined $7,000.00 by Iowa Insurance Division according to an Order containing findings that Walker made inappropriate mutual fund recommendations to the customer and altered the customer’s account documentation. Case No. 98241 (Sept. 7, 2018).

Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Walker is referenced in two additional customer initiated investment related disputes pertaining to accusations of Walker’s misconduct while employed with Cambridge Investment Research. Particularly, a customer initiated investment related arbitration claim involving Walker’s activities was settled for $9,500.00 in damages founded on allegations that investment recommendations made to the customer were not suitable. FINRA Arbitration No. 16-02557 (Aug. 31, 2016). The customer was apparently placed in speculative and aggressive mutual funds that failed to conform to the customer’s tolerance for risk and investment objectives.

Then, a customer filed an investment related complaint involving Walker’s conduct where the customer requested $11,461.00 in damages supported by accusations that Walker poorly advised the customer concerning mutual funds effected in the customer’s account.

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