Have you suffered investment losses due to investments with Cambridge Investment Research, Inc financial advisor Alan Dole (CRD# 4904989)? Dole has been registered with Cambridge Investment Research, Inc. in Henrico, Virginia since 2011.
Over the past few years, oil prices have significantly declined. A supply glut in 2014 and 2015 led to some of the lowest prices the market has seen in recent years. In turn, securities values also dropped. The volatile energy sector experienced significant turmoil, and many energy companies were negatively impacted when global crude oil prices fell below $40 per barrel at the end of 2015. This was the lowest level since early 2009, as supply was in excess of global demand. Oil and gas companies experienced a spike in bankruptcies, which have left many investors reeling.
Dole has been the subject of two customer complaints in 2018, according to his CRD report:
- December 2018. “Client alleges violation of the Virginia Securities Act, breach of fiduciary duty, negligence, negligent supervision, breach of contract and violation of FINRA rules.” The customer is seeking $348,366.85 in damages and the case is currently pending. This case is regarding oil and gas investments.
- December 2018. “Client alleges violation of the Virginia Securities Act, breach of fiduciary duty, negligence, negligent supervision, breach of contract and violation of FINRA rules.” The customer is seeking $497,691.76 in damages and the case is currently pending. This case is regarding oil and gas investments.
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 Dole’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If and 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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