Dennis H. Cambal, of Yarmouth, Massachusetts, a stockbroker registered with NBC Securities, Inc., has been named in ten customer initiated investment related arbitration claims, according to FINRA Public Disclosure. Particularly, on March 24, 2015, Cambal settled a customer initiated investment related arbitration claim for $24,999.00 in damages based upon allegations that Cambal effected unsuitable investment transactions in the customer’s account.
On August 24, 2012, Cambal settled a customer initiated investment related arbitration claim for $65,000.00 in damages based upon allegations that Cambal effected unsuitable trades in the customer’s account while Cambal was the customer’s representative at both RBC Capital Markets, LLC, and JHS Capital Advisors, LLC.
On November 29, 2010, Cambal settled a customer initiated investment related arbitration claim for $6,000.00 in damages based upon allegations that Cambal, while registered with JHS Capital Advisors, made unsuitable recommendations to the customer pertaining to investments in fixed income securities. On June 30, 2010, Cambal settled a customer initiated investment related arbitration claim for $55,000.00 in damages based upon allegations that Cambal effected unauthorized and unsuitable trades in the customer’s account.
On September 9, 2009, Cambal settled another customer initiated investment related arbitration claim for $47,481.00 in damages based upon allegations that the customer was not apprised of the risks associated with high yield bond investing. On August 10, 2014, Cambal settled a customer initiated investment related arbitration claim for $113,000.00 in damages based upon allegations that Cambal failed to follow the customer’s instructions to liquidate investments, and made unsuitable investment recommendations to the customer.
On January 23, 2001, Cambal settled a customer initiated investment related arbitration claim for $75,000.00 in damages based upon allegations that Cambal effected purchases of investments in the customer’s account which were not suitable. On July 9, 1999, Cambal settled a customer initiated investment related arbitration claim for $55,000.00 in damages based upon allegations that Cambal effected unauthorized trades in the customer’s account, which caused the customer to bear $68,000.00 in investment losses.
Guiliano Law Group
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