Cambridge Investment Research Tag Archives

Broker Michael Adams in Cambridge Investment Research, INC. Firm Has Customer Complaint

May 3, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Adams (Adams), currently associated with Cambridge Investment Research, INC., has at least one disclosable event. These events include one customer complaint, alleging that Adams recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint on June 03, 2020.

The client alleged the registered representative processed trades in his American Funds account without his authorization in March of 2020.

There are Recent Customer Complaints with Broker Doyle Brown in Firm Cambridge Investment Research, INC.

May 3, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Doyle Brown (Brown), currently associated with Cambridge Investment Research, INC., has at least 2 disclosable events. These events include 2 customer complaints, alleging that Brown recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $31,500.00 on June 04, 2020.

Customer alleged 2018 mutual fund purchase was misrepresented.

There are Recent Customer Complaints with Broker Phillip Smelser in Firm Cambridge Investment Research, INC.

April 30, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Phillip Smelser (Smelser), currently associated with Cambridge Investment Research, INC., has at least one disclosable event. These events include one customer complaint, alleging that Smelser recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $600,000.00 on June 29, 2020.

SOC alleges the sale of unsuitable investments, misrepresentation and other sales practice violations.

There are Recent Customer Complaints with Broker Deborah Shuster in Firm Cambridge Investment Research, INC.

April 23, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Deborah Shuster (Shuster), previously associated with Cambridge Investment Research, INC., has at least one disclosable event. These events include one customer complaint, alleging that Shuster recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $1,000,000.00 on August 13, 2020.

Statement of Claim alleges client was sold alternative, illiquid and complex investment products rather than traditional liquid and well-diversified investment portfolio options.

Broker Scott Ferguson in Cambridge Investment Research, INC. Firm Has Customer Complaint

April 17, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Scott Ferguson (Ferguson), currently associated with Cambridge Investment Research, INC., has at least one disclosable event. These events include one customer complaint, alleging that Ferguson recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $300,000.00 on January 04, 2021.

Claimant’s allege that the financial professional recommended an alternative investment that was unsuitable.

Broker Dean Evans in Cambridge Investment Research, INC. Firm Has Customer Complaint

April 16, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Dean Evans (Evans), currently associated with Cambridge Investment Research, INC., has at least one disclosable event. These events include one customer complaint, alleging that Evans recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $264,000.00 on January 12, 2021.

Claimant alleges unsuitability in investments which caused financial harm. The allegations include negligence, gross negligence, over concentration, brech of fiduciary duty, breech of contract and material misrepresentation an ommissions.

There are Recent Customer Complaints with Broker Kevin Hunt in Firm Cambridge Investment Research, INC.

April 9, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Kevin Hunt (Hunt), currently associated with Cambridge Investment Research, INC., has at least one disclosable event. These events include one customer complaint, alleging that Hunt recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $564,717.51 on January 21, 2026.

Clients POA alleges the RR recommended an investment that was unsuitable given their stated financial profile. The POA also alleged that the contract was not signed in the correct state.

There are Recent Customer Complaints with Broker William Michero in Firm Cambridge Investment Research, INC.

April 4, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker William Michero (Michero), previously associated with Cambridge Investment Research, INC., has at least 2 disclosable events. These events include one customer complaint, one regulatory event, alleging that Michero recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $775,000.00 on February 12, 2026.

RR transferred client trust funds into his own account(s), using them to pay his personal expenses, while taking improper trustee fees.

There are Recent Customer Complaints with Broker David Llewellyn in Firm Cambridge Investment Research, INC.

March 29, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker David Llewellyn (Llewellyn), currently associated with Cambridge Investment Research, INC., has at least one disclosable event. These events include one customer complaint, alleging that Llewellyn recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $216,000.00 on September 19, 2020.

Client alleges misrepresentation and unsuitable investment.

There are Recent Customer Complaints with Broker David White in Firm Cambridge Investment Research, INC.

March 25, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker David White (White), currently associated with Cambridge Investment Research, INC., has at least one disclosable event. These events include one customer complaint, alleging that White recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $80,686.00 on October 20, 2020.

Clients allege the FP failed to liquidate their accounts after receiving express instruction. The failure to liquidate the accounts allegedly resulted in losses to the clients.