Category Archives: Cambridge Investment Research

Matthew S. Kocsis -Cambridge Investment Research Broker-Discloses Customer Dispute-Charlotte, NC

 JUNE 2017- Charlotte, NC

According to publicly available records Matthew S. Kocsis, (CRD#4787057) ,  a  stockbroker who  is registered with Cambridge Investment Research discloses 2 prior customer disputes.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In FINRA case #13-0151 a customer of Equity Services, Inc. alleged damages of  $250,000 in connection with a private placement investment real estate securities.  The customer alleged failure to disclose  material facts and misrepresentation. That case was settled for $152,500.

Kocsis was employed with Equity Services, Inc. from 6/2004 until 10/2008 and with Valic Financial Services 10/2008-8/2011. He is currently employed by Cambridge Investment Research, Inc.  

If you have questions about an account in an account handled by Matthew S. Kocsis contact us to discuss your legal options.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

CHARLES MCINNIS- FORMER CAMBRIDGE INVESTMENT BROKER- DISCLOSES REGULATORY SUSPENSION-MIAMI, FL

April 2017- Miami, FL

The FINRA records of  Charles M. McInnis (CRD # 1321666) ,  a  stockbroker who was previously employed by  Cambridge Investment Research, Inc.   disclose 3 final regulatory events,  3 customer disputes that are final, 1 termination and one recently resolved regulatory matter.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In March of 2016, McInnis was permitted to resign from Cambridge Investment Research who made the following allegation in connection therewith: “Permitted to resign do (sic)  to ongoing FINRA matter related to supervisory events which occurred at previous firm.”

In April 2016,  FINRA suspended McInnis for 18 months to resolve  allegations that McInnis  failed to adequately assess investors eligibility in a Rule 144A and REG S offering.    Case # 20130380026

McInnis was registered with Client One Securities from 5/2016 to 6/2016.   He was previously registered  with Cambridge Securities Research from 1/2014 to 4/2016. Prior to that he was registered with CP Capital Services.

If you have losses in an account in an account handled by Charles McInnis, contact us to discuss how you may be able to recover damages for those losses.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Kermit G. Gable-Former Cambridge Investment Research Broker-Suspended by Texas Regulator-Arlington, TX

April 2017- Arlington, TX

According to publicly available records Kermit G. Gable, Jr.  , (CRD# 2202745 ) ,  a  former stockbroker who last worked for Cambridge Investment Research  discloses a separation from employment after allegations and a suspension of his investment adviser registration by the Texas State Securities Board (TSSB) .

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In November 2016, Gable was permitted to resign from Cambridge Investment Research who alleged “RR permitted to resign due to improper trading in client advisory accounts.”

In April 2017 the Texas State Securities Board  entered Disciplinary Order No. REG17-SUS-03 against Kermit G. Gable, Jr. suspending his investment adviser representative registration for 150 days. The TSSB finding states that Gable entered a significant number of buy and sell orders in a block trading account as part of an active trading strategy. Certain of the trades were allocated to two client accounts and some of the trades were allocated to Gable’s personal account. The trade allocations were not evenly distributed to the accounts of the clients and the account of Gable.

Gable was employed by Cambridge Investment Research from 2/2012-12/2016.

If you have questions about an account  handled by Kermit G. Gable, Jr.  , contact us to discuss your legal options.

Block Trading as defined by Investopedia: “A block trade, also known as a block order, is an order or trade submitted for the sale or purchase of a large quantity of securities. A block trade involves a significantly large number of equities or bonds being traded at an arranged price between two parties, sometimes outside of the open markets, to lessen the impact on the security price. In general, 10,000 shares of stock, not including penny stocks, or $200,000 worth of bonds are considered a block trade.”

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Christian L. Webb-Former LPL Financial Broker-Discloses Termination-Austin, TX

November 2016-Austin, Texas

According to publicly available records Christian L. Webb , (CRD# 1161075) ,  a  stockbroker who is currently registered with Dominion Investors Services of Horseshoe Bay, TX  , was discharged by his prior employer LPL Financial in November 2016.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

Webb also discloses an outstanding judgement/lien to the IRS in the amount of $77,800.27. Webb’s prior employment history includes Cambridge Investment Research and Legg Mason.

If you have questions about an account in an account handled by Christian L. Webb, contact us to discuss your legal options.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Stanley Brian Catlin, Weatherford, TX-Fined by State Securities Regulator

Weatherford, Texas

Stanley Brian Catlin, a CPA and Weatherford ISD school board trustee was fined $6,000 by the Texas State Securities Board (TSSB) for acting as an investment adviser representative for Fuller Capital Management since May 2010 when he was not registered as an investment adviser in violation of the Texas Securities Act.

According to the TSSB Order, Catlin solicited ten clients for Fuller Capital Management and received about $75,000 in commissions.

Catlin was registered as a broker with Cambridge Investment Research from November 2002-May 2010. He is not currently registered with FINRA.

 

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Craig R. Wirth Discloses Discharge From SWS Financial

Addison, Texas

According to FINRA records Craig R. Wirth ,   a stockbroker who currently works for Cambridge Investment Research.   discloses  an Employment Separation After Allegation event.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

Wirth’s FINRA record indicates that in May 2015 he was discharged by SWS Financial Services (now known as Hilltop Securities) where he had been employed since 1997. Allegations listed on his FINRA record:

“Registered representative accepted a blank signed form to accommodate a client’s request in violation of the firm’s written supervisory procedures.”

Wirth has been employed by Cambridge Investment Research since July 2015.

If you have questions about an account handled by Craig R. Wirth, call for a no charge consultation.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Michael Duch-Kovack Securities Broker-Sanctioned for Sale of Unregistered Oil & Gas Investments

Aberdeen, South Dakota

JUNE 2017 UPDATEMichael A. Duch discloses two regulatory events and 2 prior customer disputes on his FINRA record. In 3/ 2016 he was fined $2,000 by the South Dakota Securities Division to resolve allegations that he participated in private securities transactions.

In one of his prior customer disputes in 2001 a customer of FFP Securities was paid $255,000 to resolve allegations that their account decreased significantly and excessive commissions were generated.

ORIGINAL POST-October 15, 2015

Michael A. Duch  , entered into a Letter of Acceptance Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that he violated NASD and FINRA Rules by participating in private securities transactions, not for compensation, without providing prior written notice or receiving prior written approval from his firm, Cambridge Investment Research.

According to the AWC, Duch introduced at least three Cambridge customers and two non-Cambridge customers to a distributor for two unregistered oil and gas offerings, Running Springs Oil and Gas and Obele Energy, L.P. In addition, Duch also participated in the offering of notes by MVIS, a casualty insurance company in Montana.

AWC No.2010023826302

Duch  was fined $15,000 and suspended for 20 business days.

According to FINRA records, Duch  was registered with Cambridge Investment Research from 9/2005-8/2010. He has been registered with Kovack Securities since 7/2010. Duch discloses a business affiliation with Schwan Financial Group.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870