There are options for customers of Cambridge Investment Research, Inc. broker James Fay (CRD# 2083701) who suffered energy investment losses. He has been registered with Cambridge Investment Research, Inc. in State College, Pennsylvania since 2008.
James Fay Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
May 2022. “Statement of Claim alleges an investment recommendation was made for the purpose of generating high commissions and fees and that Claimants were deprived of the ability to generate reasonable returns that would have been received in a diversified portfolio.” The case is currently pending. The complaint was regarding oil and gas and direct investments, and it took place 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 James Fay’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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