Can you recover losses due to recommendations by Cambridge Investment Research, Inc. broker Brian Culver (CRD# 6392736)? He has been registered with Cambridge Investment Research, Inc. in Kalamazoo, Michigan, since 2015, and Cambridge Investment Research Advisors, Inc. in Kalamazoo, Michigan, since 2015.
Brian Culver Customer Complaints
He has been the subject of four customer complaints between 2023 and 2024, according to his CRD report:
October 2024. “Client alleges RR reallocated the annuity without notice, authorization or consultation.” The case is currently pending. The complaint was regarding variable annuities, and it took place while he was registered with Cambridge Investment Research, Inc.
October 2024. “Statement of Claim alleges RR failed to investment the client in accordance with investment objectives. It is alleged the RR invested in highly speculative and unsuitable investments.” The case is currently pending.
October 2024. “Statement of Claim alleges RR failed to investment the client in accordance with investment objectives. It is alleged the RR invested in highly speculative and unsuitable investments.” The customer is seeking $400,000 in damages, and the case is currently pending. The complaint occurred while he was registered with Cambridge Investment Research, Inc.
November 2023. “Statement of Claim alleges the financial professional recommended highly speculative and unsuitable investments to the client.” The customer sought $500,000 in damages, and the case was settled for $45,000. The complaint was regarding exchange traded funds (ETF), and it took place while he was registered with Cambridge Investment Research Advisors, Inc.
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 Brian Culver’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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