Tag Archives: Cambridge Investment Research

Christian L. Webb-Former LPL Financial Broker-Investigation Update-Lakeway, TX

October 2017-Lakeway, Texas

According to publicly available records Christian L. Webb , (CRD# 1161075) ,  a  currently unregistered stockbroker who was last registered with Dominion Investors Services of Horseshoe Bay, TX  , discloses a termination from employment and an outstanding judgment/lien.

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 11/2016 Webb was discharged from LPL Financial where he had worked as far back as 1995 .  LPL  made the following allegation on Webb’s  FINRA record: “Repeated failures to timely respond to inquiries from the firm’s compliance department.”

Webb left LPL for a few months 8/2015-12/2015 and was briefly employed by Cambridge Investment Research in Austin, TX.

Following his time at LPL Financial , Webb was employed by Dominion Investor Services in Lakeway, TX.

Webb discloses an outstanding judgement/lien to the IRS in the amount of $77,800.27.

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

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

OCTOBER 2017 UPDATE-Christian Webb is not currently registered as a broker. See this for more. 

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

Former Cambridge Investment Research Broker Sanctioned in Connection with FINRA Investigation of Conversion of Funds from Elderly Client

August18, 2015,

Glenn Allen Moffitt entered into a Letter of Acceptance Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that he refused to appear for on-the-record testimony in connection with a FINRA investigation into allegations that he converted at least $370,000 from an elderly customer.

By virtue of such conduct, Moffitt violated FINRA Rules 8210 and 2010.

AWC NO. 2014041600301

Moffitt  was barred from the securities industry. According to FINRA records, Moffitt was registered with Cambridge Investment Research in Henderson, NV, from 11/2013-9/2014. Prior to that he was registered with LPL Financial from 12/2012-12/2013. Before that he was registered with First Alled Securities from 5/2011-2012.

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