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May 29, 2015
Iowa Firm Censured and Fined $250,000 by FINRA for Excessive Sales Charges to Clients

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 […]

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