Soreide Law Group is currently investigating potential claims on behalf of investors who may have incurred losses due to the conduct of securities broker and financial advisor, Kurt Douglas Cambier (CRD#: 1392482, Littleton, Colorado). Evidently, Cambier currently works with Cambridge Investment Research Inc. and Cambridge Investment Research Advisors Inc. in Littleton and Grand Junction, Colorado, since August 11, 2008. Notably, Cambier faced unsuitability allegations from investors. However, Cambier contested these accusations. Read on to learn more about the disclosures.
Kurt Cambier Disclosed High Commissions And Fees Allegations By Cambridge Investment Research Inc. Client
Specifically, a client of Cambridge Investment Research Inc. contested Kurt Cambier’s sales practices by filing FINRA Arbitration: 23-01330 on May 11, 2023. Allegedly, Cambier made direct investment recommendations, including oil and gas investments, for the purpose of generating commissions and fees. Supposedly, the securities broker deprived investors of the ability to generate reasonable returns in a diversified portfolio.
Therefore, the client seeks compensatory relief from Cambridge Investment Research Inc. or Cambier. However, Cambier disputes the accusations. He asserts that the investors are accredited investors, all prospectuses were provided before the purchase, and all acknowledgements and disclosures were signed and initialed by the investors.
Cambier Disclosed Unsuitability Allegations By Cambridge Investment Research Inc. Client
Also, a client of Cambridge Investment Research Inc. contested Kurt Cambier’s sales practices by filing FINRA Arbitration: 21-03131 on December 30, 2021. Allegedly, Cambier recommended investments that were not suitable for the client. It appears that Cambier caused the client to sustain damages on REITs and direct investments. Evidently, on March 24, 2023, Cambridge Investment Research Inc. settled this matter by paying the client $67,500 in damages. Cambier disputes the accusations, signaling that the investors obtained the prospectuses and knew about the risks.
Did you experience losses because of Kurt Cambier? If so, reach out to Soreide Law Group or call them at (888) 760-6552 to discuss with a securities attorney about potentially recovering your investment losses. Soreide Law Group has a notable track record of recovering losses for investors across the United States. They work on a contingency fee basis and advance all costs. Cambier, along with the brokerage firms he worked with, deny accusations of sales practice violations.