Can you recover losses due to recommendations by former Cambridge Investment Research, Inc. broker Douglas Lode (CRD# 4134521)? He has been registered with Private Client Services, LLC in Overland Park, Kansas, since 2018, and with Prime Capital Investment Advisors, LLC in Overland Park, Kansas, since 2017. He was previously registered with Cambridge Investment Research, Inc. in Overland Park, Kansas, from 2010 to 2018, and with Lawing Financial Inc. in Overland Park, Kansas, from 2009 to 2017.
Douglas Lode Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
October 2023. “Statement of Claim alleges the financial professional recommended an unsuitable investment. Claimant suggests the investment was misrepresented.” The customer is seeking $500,000 in damages, and the case is currently pending. The complaint was regarding real estate investment losses while he was registered with Cambridge Investment Research, 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 Douglas Lode’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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