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

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

Former Cambridge Investment Research Broker Sanctioned in Connection with FINRA Investigation of Conversion of Funds from Elderly Client 150 150 Rex Securities Law

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.

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