Securities Lawyers Blog
Currently financial advisor Ronald Paull (Paull), currently employed by brokerage firm Cambridge Investment Research, Inc. has been subject to at least one disclosable event. These events include one customer complaint. According to a BrokerCheck reports most of the recent customer complaints concern either corporate debt securities or alternative investments such as direct participation products (DPPs) like business development companies (BDCs), non-traded real estate investment trusts (REITs), oil & gas programs, annuities, and private placements. The attorneys at Gana Weinstein LLP have represented hundreds of investors who suffered losses caused by these types of high risk, low reward products.
FINRA BrokerCheck shows a pending customer complaint with a damage request of $275,482.00 on February 16, 2024.
Statement of Claim alleges the financial professional sold an illiquid, high risk real estate investment, despite the client’s conservative objectives. Additionally, the Statement of Claim alleges the financial professional recklessly traded at a high velocity.
