Corrie Ann Mitchell (also known as Corrie Ann Box) of San Antonio, Texas, a stockbroker formerly registered with Cambridge Investment Research, has been barred from associating with any FINRA member in any capacity based upon allegations that Mitchell failed to cooperate in a FINRA investigation. Letter of Acceptance Waiver and Consent No. 2022075235602 (Aug. 17,…
Annetta Marie Box (also known as Annetta Marie Taylor) of Dallas, Texas, a stockbroker formerly registered with Cambridge Investment Research Inc. has been barred from associating with any FINRA member in any capacity based upon allegations that Box failed to cooperate in a FINRA investigation. Letter of Acceptance Waiver and Consent No. 2022075235601 (Aug. 11,…
John Stephen Pronovost of Watertown, Connecticut, a stockbroker formerly registered with Cambridge Investment Research, is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer requested $43,534.53 in damages supported by accusations of misrepresentation by Pronovost regarding the customer’s investment in LJM Preservation and Growth Fund, resulting in damages to…
Dale Edward Wright of Henrico, Virginia, a stockbroker formerly registered with Cambridge Investment Research Inc., is identified in a customer initiated investment related written complaint on August 4, 2021, where the customer sought compensatory damages founded on allegations of unsuitable investment advice involving life insurance policies and investment strategies when Wright was registered with Cambridge…
David John Melilli of Moorestown, New Jersey, a stockbroker formerly registered with Cambridge Investment Research Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Melilli executed unauthorized trades in a customer’s account during the time that he was associated with Sagepoint Financial Inc….
William Jeffrey Michero (also known as Jeff Michero) of Fort Worth Texas a stockbroker formerly registered with Cambridge Investment Research has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he converted funds as a trustee. Letter of Acceptance Waiver and Consent No. 2021072162901 (Sept….
David John Melilli of Moorestown New Jersey a stockbroker formerly registered with SagePoint Financial Inc. is the focus of a FINRA investigation on April 1, 2021 in which FINRA has determined that disciplinary action should be taken against Melilli for allegedly making excessive and unsuitable trades and for forging customer signatures. Case No. 20190636810 (Apr….
John Stephen Pronovost of Watertown Connecticut a stockbroker formerly registered with Cambridge Investment Research is referenced in a customer initiated investment related written complaint on October 16, 2020 in which the customer requested $88,800.00 in damages supported by allegations that the customer was placed into unsuitable real estate securities and mutual funds while Pronovost was…
William James Novack (also known as Bill Novack) of Monticello Indiana a stockbroker formerly registered with Cambridge Investment Research Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Novack failed to cooperate with FINRA’s investigation into accusations of him allowing a barred stockbroker to…
Stewart Irwin Schram of Northbrook Illinois a stockbroker formerly registered with Kingsbury Capital Inc. has been fined $7,500.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Schram engaged in outside business activities and private securities transactions during the time that he…
Michael Paul Francoeur of Somersworth New Hampshire a stockbroker formerly registered with Cambridge Investment Research has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he failed to comply with FINRA’s investigation into accusations of his misappropriation. Letter of Acceptance Waiver and Consent No. 2019064967501…
Gary Alan Meier of Vancouver Washington a stockbroker formerly employed by Cambridge Investment Research Inc. is referenced in a customer initiated investment related arbitration claim which was resolved for $15,000.00 in damages based upon allegations that misrepresentations had been made to the customer by the stockbroker as it pertained to low priced securities including penny…
John Stephen Pronovost of Watertown Connecticut a stockbroker currently employed by Cambridge Investment Research Inc. is the subject of a customer initiated investment related written complaint on February 10, 2020 in which the customer requested $172,000.00 in damages based upon allegations that the customer was provided with bad investment advice about two real estate investment…
Cambridge Investment Research a securities broker dealer headquartered in Fairfield Iowa has been censured and fined $150,000.00 by Financial Industry Regulatory Authority (FINRA) based upon findings that (1) Cambridge failed to adequately supervise mutual fund and unit investment trust (UIT) trades (2) Cambridge neglected to create an adequate supervision system to identify and prevent its…
Craig Allen Leppien of Traverse City Michigan a stockbroker formerly registered with Cetera Investment Services LLC is referenced in a customer initiated investment related written complaint on April 16, 2019 where the customer requested $41,338.86 in damages based upon accusations that unauthorized transactions were executed by the stockbroker when he was associated with Cetera Investment…
John Stephen Pronovost of Watertown Connecticut a stockbroker currently employed by Cambridge Investment Research Inc. is the subject of a customer initiated investment related complaint which was settled for $218,295.00 in damages on October 2, 2019 supported by allegations that mutual fund transactions executed by the stockbroker failed to be suitable. Financial Industry Regulatory Authority…
Arthur Lee Boyd III of Lauderdale Lakes Florida a stockbroker formerly registered with SunTrust Investment Services Inc. is referenced in a customer initiated investment related written complaint which was settled for $10,000.00 on June 13, 2019 supported by allegations that (1) Boyd made misrepresentations concerning the risks of the bonds that he sold while employed…
Dale Edward Wright of Henrico Virginia a stockbroker formerly registered with Cambridge Investment Research has been fined $50,000.00 by the Commonwealth of Virginia State Corporation Commission Bureau of Insurance according to an Order based upon findings that Wright inappropriately recommended that customers purchase insurance policies and use them as investment vehicles; conduct violative of Code…
Francesco Puccio of Pittsford New York a stockbroker formerly employed by Cambridge Investment Research Inc. is the subject of a customer initiated investment related arbitration claim which was resolved for $130,000.00 in damages based upon allegations that (1) Puccio placed the customer in annuities and life insurance products that were not suitable for the customer…
Jared Bryce Roskelley of Scottsdale Arizona a stockbroker formerly employed by Cambridge Investment Research Inc. is referenced in a customer initiated investment related written complaint on July 28, 2017 where the customer sought $40,000.00 in damages based upon allegations that the customer was inappropriately placed in the Phillips Edison Real Estate Investment Trust – a…
Dale Edward Wright of Henrico Virginia a stockbroker currently registered with Cambridge Investment Research Inc. is referenced in a customer initiated investment related arbitration claim in which the customer requested $112,164.00 in damages supported by accusations that (1) trades executed in the customer’s account were not suitable for the customer (2) fiduciary duties were breached…
Robert Wayne Warther of Akron Ohio a stockbroker formerly registered with Cambridge Investment Research Inc. is referenced in a customer initiated investment related written complaint on November 2, 2016 where the customer requested damages estimated to exceed $5,000.00 supported by allegations that the customer was placed in a fixed annuity that was not suitable for…
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…
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…
Richard Allen Yantis of Cedar Falls Iowa a stockbroker formerly employed by Cambridge Investment Research Inc. is the subject of a customer initiated investment related written complaint on April 19, 2018 in which the customer sought $142,000.00 in damages supported by allegations that Yantis (1) employed deceptive and manipulative tactics to induce the customer’s alternative…
Ralph Willard Savoie of Metairie Louisiana a stockbroker formerly registered with Cambridge Investment Research Inc. has been referenced in a customer initiated investment related arbitration claim where the customer requested $90,000.00 in damages supported by allegations that Savoie effected sales of private placements that were illiquid and ultimately unsuitable for the customer. Financial Industry Regulatory…
John Stephen Pronovost of Watertown Connecticut a stockbroker currently registered with Cambridge Investment Research Inc. has been referenced in a customer initiated investment related written complaint on March 8, 2018 in which the customer requested $26,044.79 in damages based upon accusations that misrepresentations had been made to the customer and mutual fund transactions were executed…
Steven Michael Wisniewski of Phoenixville Pennsylvania is a stockbroker formerly registered with Cambridge Investment Research, Inc. whose securities registration has been revoked by Financial Industry Regulatory Authority (FINRA) supported by allegations that Wisniewski failed to pay a fine to FINRA in connection with a disciplinary action in which he was found to have committed conduct…
Kermit Gordon Cable Jr, of Arlington Texas is a stockbroker formerly registered with Cambridge Investment Research and investment advisor representative formerly registered with Cambridge Research Advisors Inc. who is subject of a Texas State Securities Board Order which suspended him in an investment advisory representative capacity for one-hundred fifty days founded on allegations that he…
James David Goodland, of Plymouth, Indiana, a stockbroker formerly registered with Cambridge Investment Research, as well as president and chief compliance officer of Securus Wealth Management, LLC, has been fined $30,000.00 and barred by the Securities and Exchange Commission (SEC) from working in a compliance or supervisory capacity with any brokerage firm or investment advisory…
Dale Edward Wright, of Henrico, Virginia, a stockbroker currently registered with Cambridge Investment Research, Inc., has been named in a customer initiated investment related arbitration claim on March 15, 2017, in which the customer requested $130,000.00 in damages based upon allegations that Wright breached his contractual duties to the customer, negligently handled the customer’s insurance…
Darrell Eugene Masters, of Cincinnati, Ohio, a stockbroker currently registered with Cambridge Investment Research, Inc., has been named in a customer initiated investment related written complaint on January 25, 2017, in which the customer requested $41,663.08 in damages based upon allegations that Masters failed to disclose the risks pertaining to direct participation programs or limited…
Brad C. Lawing, of Springfield, Missouri, a stockbroker currently registered with Cambridge Investment Research, Inc., has been named in a customer initiated investment related written complaint on January 19, 2017, in which the customer requested $8,500.00 in damages based upon allegations that Lawing failed to apprise the customer concerning the fees associating with the switching…
Cambridge Investment Research, Inc., a broker-dealer headquartered in Fairfield, Iowa, has been censured by Financial Industry Regulatory Authority (FINRA) after consenting to findings that the firm overcharged charitable organization and retirement account customers in connection with mutual funds transactions. Letter of Acceptance, Waiver and Consent, No. 2015046952401 (Dec. 17, 2016). According to the AWC, Cambridge provides…
Steven M. Wisniewski, of Phoenixville, Pennsylvania, a stockbroker with Cambridge Investment Research, Inc., was fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in all capacities after consenting to findings that he forged customer signatures on accounts documents. Letter of Acceptance, Waiver and Consent, No. 2015044110101 (July 22, 2016). According…
Sheldon Harber of St. Louis, Missouri, a stockbroker with Cambridge Investment Research, Inc., was fined $10,000 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that he engaged in unauthorized private securities transactions. Letter of Acceptance, Waiver and Consent, No. 2014042539101 (Jan….
Jacob T. Turner of Orlando, Florida, a stockbroker with Cambridge Investment Research, Inc., was fined $5,000 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any and all capacities after consenting to findings that he made unsuitable recommendations to customers. Letter of Acceptance, Waiver, and Consent, No. 2013036516301…
Glenn A. Moffitt of Henderson, NV, a former general securities representative with Cambridge Investment Research, Inc., was permanently barred from association with any FINRA-registered firm in all capacities after failing to appear for on-the-record testimony in connection with FINRA’s investigation into allegations that Moffitt converted $370,000 from a customer. FINRA Letter of Acceptance, Waiver, and…
Ralph W. Savoie, a registered representative with Cambridge Investment Research, was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any and all capacities after consenting to findings that he failed to cooperate with a FINRA investigation into allegations that Savoie misappropriated in excess of $665,000.00 from a firm customer….
Francesco Puccio of Pittsford, NY, a former general securities principal and registered rep with Cambridge Investment Research, was permanently barred from association with any FINRA-registered firm in all capacities after failing to cooperate with FINRA’s investigation into allegations that Puccio converted funds from a non-firm customer. FINRA Letter of Acceptance, Waiver and Consent, No. 2015046238101…
Glenn A. Moffitt of Henderson, NV, a former general securities representative with Cambridge Investment Research, Inc., was permanently barred from association with any FINRA-registered firm in all capacities after failing to appear for on-the-record testimony in connection with FINRA’s investigation into allegations that Moffitt converted $370,000 from a customer. FINRA Letter of Acceptance, Waiver, and…