Investors might have sustained losses due to securities broker Eric Delaney [CRD: 2886715, Mount Laurel, New Jersey], based on disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. It appears that Eric Delaney worked for Cambridge Investment Research Inc. and Cambridge Investment Research Advisors Inc. from February 22, 2010 to November 6, 2024, before joining LPL Financial LLC on November 4, 2024. Keep reading to find out more about the client dispute and the allegations brought about Delaney.
Particularly, on February 27, 2025, a Cambridge Investment Research client filed FINRA Arbitration No. 25-00359 about Eric Delaney. Mainly, the client alleged that Delaney made unsuitable recommendations to make high commissions and fees. Supposedly, the securities broker deprived the investor of diversification. As a result, the client allegedly experienced damages linked to oil and gas investments. Consequently, the client requested compensatory damages from Cambridge Investment Research or Delaney. Notably, this arbitration is pending a resolution.
An allegation of unsuitable recommendations means a securities broker or financial advisor is accused of suggesting investments that do not align with the client’s financial needs, goals, or risk tolerance. When these recommendations involve energy sector securities—such as oil and gas investments—they may expose investors to heightened volatility and risk. Brokers have a duty to ensure recommendations are appropriate based on the client’s profile; otherwise, investors may face substantial losses.
Do you need clarification on any investment losses relating to Eric Delaney? You can contact Soreide Law Group at (888) 760-6552 or online and talk with a securities attorney. Soreide Law Group has recovered losses for investors throughout the USA. Also, the firm takes investor cases on a contingency fee arrangement and advances all costs. Delaney and brokerage firms Delaney worked for deny accusations of sales practice violations.
Soreide Law Group is investigating potential investor claims involving possible sales practice violations by securities brokers and financial advisors in connection with Iron Oak Minerals LLC. Iron Oak Minerals LLC is a private oil and gas–related investment that raised millions of dollars from investors through a Regulation D private placement, making it significant for investors […]
Soreide Law Group is investigating potential investor claims involving possible sales practice violations by securities brokers and financial advisors in connection with Rising Phoenix Opportunity Fund IV LLC. Rising Phoenix Opportunity Fund IV was a private oil and gas investment that raised millions of dollars from investors seeking income, tax advantages, or exposure to the […]
Soreide Law Group is investigating potential investor claims involving sales practice violations by securities brokers and financial advisors related to Texakoma Exploration Production LLC. Texakoma Exploration Production LLC is a private oil and gas investment offered through a Regulation D private placement, and it is significant because these offerings are frequently sold to investors seeking […]
Phone:
Fax: 1-954-760-6553
Email: info@securitieslawyer.com