On August 20, 2024, Gregory Alan Corrie was permanently barred from acting as a broker or otherwise associating with a broker/dealer firm by FINRA. Greg Corrie was discharged from CAMBRIDGE INVESTMENT RESEARCH, INC. of Boise, Idaho, on February 16, 2023, with allegations of, “Excessive use of UIT products.” He worked as a broker with Cambridge Investment from 01/02/2020 - 03/17/2023.
According to the FINRA report, without admitting or denying FINRA’s findings, Gregory Alan Corrie, consented to the sanction and to the entry of findings that he allegedly declined to produce information and documents requested by FINRA in connection with its investigation into the circumstances giving rise to the Form U5 filed by his member firm.
According to the BrokerCheck report, FINRA’s findings stated that Gregory Alan Corrie's firm had terminated Corrie for excessive use of UIT products. After an internal review by the firm was concluded, the firm made remediation payments related to the trading activity.
A unit investment trust, or UIT is a typically packaged portfolio of stocks and bonds, that can have high commissions and incur unnecessary fees if they are not held to their maturity date.
Gregory Alan Corrie, according to FINRA’s BrokerCheck, has been in the securities industry for 30 years and was listed with 7 firms. He has 4 disclosures on his FINRA CRD report.
A recent article in AdvisorHub states that in 2020, CAMBRIDGE INVESTMENT RESEARCH, INC. was ordered to pay $150,000 and censured in a FINRA settlement over its supervision of brokers’ UIT trades. The article states that Cambridge has approximately 3,800 advisors and $174 billion in client assets under advisement.
If you’ve experienced financial losses due to the actions or recommendations of the former CAMBRIDGE INVESTMENT RESEARCH, INC. of Boise, Idaho, broker Gregory Alan Corrie, contact Soreide Law Group and speak to an experienced securities lawyer at no cost regarding the possible recovery of your investment losses through a FINRA arbitration at: 888-760-6552.
Soreide Law Group represents our clients nationally before FINRA on a contingency fee basis, no fee to you if no recovery.
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