Cambridge Investment Research, Inc. (CRD #39543, Fairfield, Iowa)
was censured and fined $250,000 for allegedly failing to identify and apply “rollover” and exchange discounts to certain clients with eligible purchases of unit investment trusts (UIT), which resulted in those clients paying $423,774.27 in excessive sales charges.
FINRA's findings stated that Cambridge Investment Research has paid restitution to all affected clients.
Also, FINA's findings stated that Cambridge Investment Research failed to establish, maintain, and enforce a supervisory system and WSPs reasonably designed to ensure that clients received sales charge discounts on all eligible UIT purchases. Cambridge Investment Research relied primarily on its registered representatives to ensure that clients received appropriate UIT sales charge discounts, despite the fact that the firm did not effectively inform and train representatives or their supervisors to identify and apply such sales charge discounts.
(FINRA Case #2013038730901)
This ends the summation from FINRA's Disciplinary Report May 2015.
Soreide Law Group represents clients nationwide. For a free consultation with an attorney on how to potentially recover your financial losses call: 888-760-6552.
Zachary Cuyler Green, also known as Zach Green (CRD: 5714566), is a securities broker based in Raleigh, North Carolina. A client has claimed investment losses in a complaint involving Green, according to Financial Industry Regulatory Authority (FINRA) BrokerCheck. Green worked with Merit Financial Advisors since May 8, 2025, and Purshe Kaplan Sterling Investments since May […]
Adam T. Taff, also known as Adam Taff (CRD: 5933315), is a securities broker and financial advisor in Charlotte, North Carolina. He has been registered with MML Investors Services LLC as a broker since July 26, 2011, and as a financial advisor since November 30, 2012. Taff disclosed a client complaint involving alleged investment losses, […]
Investors might have sustained losses due to securities broker Donald Paul Robbins [CRD: 4364668, Waxhaw, North Carolina], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Robbins has been registered with MML Investors Services LLC as a broker since April 8, 2016, and as a financial advisor since April 12, 2016. Keep reading […]
Phone:
Fax: 1-954-760-6553
Email: [email protected]