Cambridge Investment Research, Inc. broker Alexander Kline (CRD# 1271785) is accused of real estate investment losses. He has been registered with Cambridge Investment Research, Inc. in Pittsburgh, Pennsylvania, since 2011.
Previously, he was registered with Prospera Financial Services, Inc. in Pittsburgh, Pennsylvania, from February to December 2011 and with The Huntington Investment Company in Pittsburgh, Pennsylvania, from 2007 to 2011, when he was terminated regarding, “working together, representative and another employee sent out a switch letter without completing the document with required information. this document should have included the product the client was moving to and from and the associated expenses.”
Alexander Kline Customer Complaints
He has been the subject of seven customer complaints between 2000 and 2024, according to his CRD report. The most recent complaints are regarding:
January 2024. “Statement of Claim alleges the RR recommended a non-conventional investment without presenting the required risk disclosures resulting in significant financial losses.” The customer is seeking $110,000 in damages, and the case is currently pending. The complaint was regarding real estate security losses, and it took place while he was registered with Cambridge Investment Research, Inc.
October 2023. “The Statement of Claim alleges the financial professional recommended unsuitable investments. Claimant suggests the investments were misrepresented to him.” The customer is seeking $500,000 in damages, and the case is currently pending. The complaint was regarding real estate security losses, and it took place while he was registered with Cambridge Investment Research, Inc.
September 2021. “Client alleges he is unable to redeem the alternative investments that were sold by the financial professional.” The case was settled for $41,585.27. The complaint was regarding real estate security losses.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Cambridge Investment Research, Inc. may be liable for investment or other losses suffered by Alexander Kline’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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