Investors possibly experienced losses because of securities broker Robert Frederick Blake [CRD: 22955, Greenwood Village, Colorado], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Robert Blake worked for Cambridge Investment Research Inc. from November 19, 2012, to December 31, 2018. Here’s an overview of the securities broker’s disclosures.
Particularly, on October 31, 2023, a Cambridge Investment Research Inc. client filed FINRA Arbitration No. 23-03165 about Robert Blake. Mainly, the client alleged that Blake recommended an unsuitable REIT and made misrepresentations. Therefore, the client requested $500,000 in compensation from Cambridge Investment Research Inc. or Blake. Evidently, this arbitration is pending a resolution.
Particularly, a client of Cambridge Investment Research Inc. contested Robert Blake’s sales practices by filing FINRA Arbitration No. 20-03405. Allegedly, Blake recommended unsuitable real estate securities. Because of this, Cambridge Investment Research Inc. opted to settle the matter on March 22, 2021, by compensating the client in the amount of $20,000.
Also, on November 6, 2017, a Cambridge Investment Research Inc. client filed a complaint about Robert Blake. Supposedly, Blake forged a signature, failed to properly explain the illiquidity of real estate investment trusts, and charged inaccurate fees. For this reason, the client requested $10,000 in compensation from Cambridge Investment Research Inc. or Blake. However, the securities firm denied this dispute.
In addition, a client of Presidential Brokerage Inc. contested Robert Blake’s sales practices by filing FINRA Arbitration No. 14-03383. Allegedly, Blake breached his fiduciary duty, made misleading statements, breached a contract, omitted material facts, and negligently misrepresented information. It appears that Blake caused the client to sustain damages on 1031 exchange programs involving TICs. As a result, Presidential Brokerage Inc. opted to settle the matter on November 4, 2014, by compensating the client in the amount of $87,500.
Evidently, a Cambridge Investment Research Inc. client filed FINRA Arbitration No. 14-03129 about Robert Blake. Mainly, the client alleged that Blake breached his fiduciary duty and was negligent as funds were allegedly distributed from the client's account and placed in the wrong party’s hands. Therefore, on September 3, 2014, Cambridge Investment Research Inc. settled this matter by paying the client $30,000 in damages.
Did you suffer financially because of Robert Blake? If you have, contact Soreide Law Group online or at (888) 760-6552 and speak with a securities attorney regarding a potential recovery. Soreide Law Group helps investors throughout the country, works on a contingency fee basis, and advances all costs. Blake and brokerage firms Blake worked for deny accusations of sales practice violations.
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