Tag Archives: Cambridge Investment Research Inc.

FINRA Bars Cambridge Investment Research Stockbroker

November 22, 2021  |   Posted by :   |   Breach of Fiduciary Duty, FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on FINRA Bars Cambridge Investment Research Stockbroker

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. […]

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Cambridge Stockbroker Barred By FINRA For Conversion

October 08, 2021  |   Posted by :   |   Investment and Regulatory News, Misappropriation of Funds, Stockbroker Theft   |   Comments Off on Cambridge Stockbroker Barred By FINRA For Conversion

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. […]

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SagePoint Stockbroker Investigated For Unauthorized Trading

August 26, 2021  |   Posted by :   |   Breach of Fiduciary Duty, Excessive Trading, FINRA Securities Arbitration, Forgery, Investment and Regulatory News, Unsuitable Investment Recommendations   |   Comments Off on SagePoint Stockbroker Investigated For Unauthorized Trading

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. […]

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Investors Accuse Cambridge Investment Research Of Unsuitable REIT Sales

April 18, 2021  |   Posted by :   |   Breach of Fiduciary Duty, FINRA Securities Arbitration, Investment and Regulatory News, Non-traded REITs, Unsuitable Investment Recommendations   |   Comments Off on Investors Accuse Cambridge Investment Research Of Unsuitable REIT Sales

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 […]

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FINRA Bars Cambridge Investment Research Stockbroker

March 31, 2021  |   Posted by :   |   Investment and Regulatory News   |   Comments Off on FINRA Bars Cambridge Investment Research Stockbroker

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 […]

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FINRA Sanctions Kingsbury Stockbroker For Selling Away

March 08, 2021  |   Posted by :   |   Investment and Regulatory News, Selling Away and Outside Activities   |   Comments Off on FINRA Sanctions Kingsbury Stockbroker For Selling Away

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 […]

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Cambridge Stockbroker Barred For Obstructing Theft Investigation

February 16, 2021  |   Posted by :   |   Investment and Regulatory News, Misappropriation of Funds   |   Comments Off on Cambridge Stockbroker Barred For Obstructing Theft Investigation

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 […]

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Cambridge Investment Research Sued For Misrepresentation

August 27, 2020  |   Posted by :   |   Microcap and Penny Stock Fraud, Securities Arbitration Claims   |   Comments Off on Cambridge Investment Research Sued For Misrepresentation

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 […]

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Investors Accuse Cambridge Investment Of Recommending Unsuitable REITs

April 18, 2020  |   Posted by :   |   Investment and Regulatory News, Non-traded REITs, Securities Arbitration Claims   |   Comments Off on Investors Accuse Cambridge Investment Of Recommending Unsuitable REITs

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 […]

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FINRA Sanctions Cambridge For Failure To Supervise UITs

January 09, 2020  |   Posted by :   |   Failure To Supervise, Investment and Regulatory News, Unit Investment Trusts (UITs)   |   Comments Off on FINRA Sanctions Cambridge For Failure To Supervise UITs

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 […]

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Cetera Investment Services Accused Of Unauthorized Trading

January 09, 2020  |   Posted by :   |   Investment and Regulatory News, Unauthorized Trading   |   Comments Off on Cetera Investment Services Accused Of Unauthorized Trading

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 […]

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Cambridge Investment Research Accused Of Unsuitable Investment Advice

December 18, 2019  |   Posted by :   |   Hedge Funds, Investment and Regulatory News, Mutual Fund Fraud, Securities Arbitration Claims, Unsuitable Investment Recommendations   |   Comments Off on Cambridge Investment Research Accused Of Unsuitable Investment Advice

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 […]

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Investors Accuse SunTrust Of Misrepresentation

December 06, 2019  |   Posted by :   |   Bond Fraud, Investment and Regulatory News   |   Comments Off on Investors Accuse SunTrust Of Misrepresentation

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 […]

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Cambridge Stockbroker Sanctioned For Deceptive Practices

October 18, 2019  |   Posted by :   |   Failure To Supervise, Investment and Regulatory News, Securities Arbitration Claims   |   Comments Off on Cambridge Stockbroker Sanctioned For Deceptive Practices

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 […]

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Cambridge Investment Research Sued For Stockbroker Theft

June 11, 2019  |   Posted by :   |   Investment and Regulatory News, Misappropriation of Funds, Securities Arbitration Claims, Stockbroker Theft   |   Comments Off on Cambridge Investment Research Sued For Stockbroker Theft

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 […]

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Cambridge Investment Research Blamed For Unsuitable Sale of REITs

March 07, 2019  |   Posted by :   |   Investment and Regulatory News, Non-traded REITs   |   Comments Off on Cambridge Investment Research Blamed For Unsuitable Sale of REITs

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 […]

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Cambridge Investment Research Sued By Investors For Fraud

February 19, 2019  |   Posted by :   |   Breach of Fiduciary Duty, Investment and Regulatory News, Private Placement Fraud, Securities Arbitration Claims, Unsuitable Investment Recommendations   |   Comments Off on Cambridge Investment Research Sued By Investors For Fraud

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 […]

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Investors Accuse Cambridge Investment Research of Misconduct

January 06, 2019  |   Posted by :   |   Investment and Regulatory News, Variable Annuites   |   Comments Off on Investors Accuse Cambridge Investment Research of Misconduct

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 […]

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Investor Sues Cambridge Investment Research For Fraud

December 13, 2018  |   Posted by :   |   Investment and Regulatory News, Securities Arbitration Claims, Variable Annuites   |   Comments Off on Investor Sues Cambridge Investment Research For Fraud

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 […]

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Regulator Censures Cambridge Broker For Bad Investments

October 04, 2018  |   Posted by :   |   Investment and Regulatory News, Mutual Fund Fraud   |   Comments Off on Regulator Censures Cambridge Broker For Bad Investments

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 […]

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Cambridge Investment Research Accused Of Fraud

July 16, 2018  |   Posted by :   |   Breach of Fiduciary Duty, Investment and Regulatory News, Securities Arbitration Claims   |   Comments Off on Cambridge Investment Research Accused Of Fraud

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 […]

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Cambridge Investment Research Sued For Private Placement Fraud

April 27, 2018  |   Posted by :   |   Investment and Regulatory News, Private Placement Fraud   |   Comments Off on Cambridge Investment Research Sued For Private Placement Fraud

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 […]

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Cambridge Investment Research Accused of Unsuitable Investments

April 27, 2018  |   Posted by :   |   Investment and Regulatory News, Unsuitable Investment Recommendations   |   Comments Off on Cambridge Investment Research Accused of Unsuitable Investments

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 […]

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FINRA Revokes Registration Of Cambridge Stockbroker

March 22, 2018  |   Posted by :   |   Forgery, Investment and Regulatory News, Variable Annuites   |   Comments Off on FINRA Revokes Registration Of Cambridge Stockbroker

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 […]

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Cambridge Advisor Suspended For Unauthorized Trading

February 20, 2018  |   Posted by :   |   Investment and Regulatory News   |   Comments Off on Cambridge Advisor Suspended For Unauthorized Trading

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 […]

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SEC Bars Cambridge Broker For Market Manipulation

January 10, 2018  |   Posted by :   |   Investment and Regulatory News, Stock manipulation   |   Comments Off on SEC Bars Cambridge Broker For Market Manipulation

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 […]

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Customer Sues Cambridge Investment For Negligence

September 22, 2017  |   Posted by :   |   Investment and Regulatory News   |   Comments Off on Customer Sues Cambridge Investment For Negligence

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 […]

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Cambridge Investment Research Sued By Customer

April 20, 2017  |   Posted by :   |   Investment and Regulatory News   |   Comments Off on Cambridge Investment Research Sued By Customer

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 […]

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Cambridge Investment Research Sued By Customers

March 16, 2017  |   Posted by :   |   Investment and Regulatory News, Securities Arbitration Claims, Unauthorized Trading   |   Comments Off on Cambridge Investment Research Sued By Customers

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 […]

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Cambridge Investment Research Overcharges Mutual Funds Customers

December 24, 2016  |   Posted by :   |   Investment and Regulatory News, Mutual Fund Fraud   |   Comments Off on Cambridge Investment Research Overcharges Mutual Funds Customers

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 […]

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