Brian Abbott of Lawrence, Kansas, a financial advisor associated with Brian Abbott was terminated from his former broker-dealer firm in connection with alleged rule violations.
FINRA Public Disclosure discloses his termination from Cambridge Investment Research Advisors. Filed in October 2025, it states that the firm fired him while he was under internal investigation for violating company guidelines regarding the sale of indexed annuities, the use of consolidated reports, the facilitation of reverse mortgages, and concentration limits for certain alternative investment products.
For reference, “over-concentration,” also known as lack of diversification, is described by FINRA’s investor resources as akin to putting too many eggs in one basket. To avoid the risks of over-concentration, FINRA recommends investors diversify across and within major asset classes, regularly rebalance their portfolios, closely examine the underlying stocks or bonds in the mutual funds and exchange-traded funds in their portfolios, and keep vigilant track of their investments’ liquidity.
The Guiliano Law Group, P.C.
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If you believe that you have been the victim of misconduct or fraud, contact us for a free consultation. We handle all cases on a contingency fee basis meaning that there is no cost or obligation, unless we are able to make a recovery for you.
