Frank B. Snyder Investigation
February 2024- Greenville, IL
The FINRA records of Frank B. Snyder , a broker with Cambridge Investment Research Advisors, disclose a pending customer dispute.
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 #22-00069, a customer of Snyder’s former employer, Transamerica Financial Advisors, Inc. alleged investments were not suitable or appropriate for him and that the allocation of the investment portfolio were inappropriate and defied industry standards. That case was settled for $56,500.
Snyder has been employed by Cambridge Investment Research Advisors since May of 2016. Before that time he was with Transamerica Financial Advisors. Snyder also discloses his association with Snyder Financial, Inc. in Greenville, IL.
If you have losses in an account handled by Frank B. Snyder , contact us for a no charge consultation to learn how you may be able to recover damages through FINRA arbitration.
Firms Have a Duty to Supervise their Financial Advisors (FINRA Rules 3110 & 2090)
Brokers and their firms have a duty to comply with the FINRA suitability rule which requires that they have a reasonable basis to believe that a recommendation is suitable for the customer.
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, at no cost to you.
Investigations of other Cambridge Investment Research brokers
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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