Articles Tagged with Cambridge Investment Research

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Carolyn Valentine (Valentine), currently associated with Cambridge Investment Research, INC., has at least one disclosable event. These events include one customer complaint, alleging that Valentine 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 $882,557.00 on August 08, 2023.

The Statement of Claim is filed on behalf of ten claimants against four broker-dealers, including Grove Point Investments, LLC, involving the same investment, – Centerpointe tenant in common interests offered by Cole Capital Partners, LLC. Claimants allege unsuitability, breach of fiduciary duty, and negligence. Grove Point is contesting the claims in full. Activity occurred July 14, 2007 to November 19, 2019.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Quirk (Quirk), currently associated with Cambridge Investment Research, INC., has at least one disclosable event. These events include one customer complaint, alleging that Quirk 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 $500,000.00 on September 22, 2023.

Statement of Claim alleges FP recommended unsuitable non-traded Real Estate Investment Trusts.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Brian Dumont (Dumont), previously associated with Cambridge Investment Research, INC., has at least one disclosable event. These events include one customer complaint, alleging that Dumont 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 $500,000.00 on October 31, 2023.

Statement of Claim alleges the financial professional recommended an unsuitable investment. Claimant suggests the financial professional failed to provide adequate guidance.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Erkan Afacan (Afacan), previously associated with Cambridge Investment Research, INC., has at least one disclosable event. These events include one customer complaint, alleging that Afacan 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 $500,000.00 on October 31, 2023.

Statement of Claim alleges the financial professional recommended unsuitable investments. Claimants suggest the investments were misrepresented to them.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Thomas Bates (Bates), currently associated with Cambridge Investment Research, INC., has at least one disclosable event. These events include one customer complaint, alleging that Bates 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 $500,000.00 on October 31, 2023.

Statement of Claim alleges the financial professional recommended unsuitable investments. Claimant suggests the investments were misrepresented to him.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Celeste Leung (Leung), previously associated with Cambridge Investment Research, INC., has at least one disclosable event. These events include one customer complaint, alleging that Leung 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 November 09, 2023.

NOTE: Updating Occurrence 2309665 to change the alleged damage amount to $1,000,000 and to update status. Customer alleges misrepresentation regarding variable annuity investment. Activity dates 12.28.21 – 12.28.21.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker John Jaeger (Jaeger), currently associated with Cambridge Investment Research, INC., has at least one disclosable event. These events include one customer complaint, alleging that Jaeger 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 $25,000.00 on November 17, 2023.

Claimants allege that RR made an unsuitable recommendation for investment in a REIT.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Gregory Covalt (Covalt), currently associated with Cambridge Investment Research, INC., has at least one disclosable event. These events include one customer complaint, alleging that Covalt 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 $425,000.00 on February 07, 2025.

Client alleges RR processed unauthorized withdrawals on IRA account without prior consent.

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

FINRA BrokerCheck shows a settled customer complaint on September 30, 2002.

[CUSTOMER’S] COMPLAINT ALLEGES HE PAID SUBSTANTIAL SURRENDER CHARGES TRANSFERRING HIS INVESTMENTS FROM MONY TO PACIFIC LIFE AND BACK AGAIN TO MONY WITH NO APPARENT PURPOSE BENEFICIAL TO HIM ([CUSTOMER])

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Richard Torres (Torres), previously associated with Cambridge Investment Research, INC., has at least one disclosable event. These events include one customer complaint, alleging that Torres 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 $50,000.00 on December 22, 2023.

Complainant alleges misstated account profile information and misrepresentation of certain features of the product during sales process on or around February 2016.

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