Garry Charles Hill Jr. of Birmingham Alabama a stockbroker currently registered with Cambridge Investment Research Inc. is the subject of a customer initiated investment related arbitration claim where the customer sought $75,000.00 in damages supported by accusations that (1) a variable annuity transaction was executed in violation of FINRA Rules (2) transactions were effected in the customer’s account that were not suitable for the customer (3) misrepresentations had been made to the customer regarding the terms and conditions of the annuity or riders (4) the customer’s account was negligently handled (5) fiduciary duties owed to the customer had been breached (6) the customer’s account lacked supervision and (7) the customer had been defrauded. Financial Industry Regulatory Authority (FINRA) Arbitration No. 18-03483 (Oct. 4, 2018).
FINRA Public Disclosure additionally reveals that a customer initiated investment related civil action brought in the Marshal County, Alabama Circuit Court involving Hill’s activities was resolved for an undisclosed amount supported by allegations that while Hill was associated with Principal Mutual Life, Hill made false or misleading statements to the customer in regard to an adjustable life insurance policy that had been sold to the customer. Civil Action No. 01-566J.
Hill has been employed by Cambridge Investment Research Inc. since September 17, 2015.
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