Former Cambridge Investment Research, Inc. broker Matthew Nelson (CRD# 4050793) is accused of alternative investment losses. He was registered with Cambridge Investment Research, Inc. in Boerne, Texas, from 2014 to 2018.
In January 2013, the Florida Office Of Financial Regulation denied his registration after he made a material false statement on his registration application.
Matthew Nelson Customer Complaints
He has been the subject of three customer complaints between 2008 and 2021, two of which were denied, according to his CRD report. The most recent complaint was regarding:
February 2021. “Statement of Claim alleges Claimants were sold multiple alternative investments based on material misrepresentations and omissions. Claimants allege they were over-concentrated in high-risk, high-commission and speculative alternative investments.” The customer sought $2,200,000 in damages, and the case was settled for $330,000.
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 Matthew Nelson’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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