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.
Soreide Law Group is investigating potential investor claims involving Cambridge Investment Research following a FINRA disciplinary action concerning Unit Investment Trust (UIT) recommendations. In April 2026, FINRA censured Cambridge Investment Research after finding supervisory deficiencies involving certain UIT recommendations made to retail clients. Investors who incurred excessive fees, unnecessary costs, or other damages associated with […]
Soreide Law Group is investigating potential investor claims involving Infinity Financial Services after FINRA sanctioned the firm for supervisory failures involving deferred variable annuity exchanges and recommendations. Investors who incurred surrender charges or other losses in connection with variable annuity transactions recommended through Infinity should review the allegations that led to FINRA's disciplinary action against […]
Soreide Law Group is investigating potential investor claims involving losses in NextGenTech Investments LLC, a private fund managed by Sestante Capital LLC that purported to provide investors with economic exposure to shares of private companies, including Anduril Industries. Recent criminal proceedings involving Sestante Capital's manager have raised significant concerns regarding the offering, the representations made […]
Phone:
Fax: 1-954-760-6553
Email: info@securitieslawyer.com