Cambridge Investment Research, Inc. Broker Michael Valenta Suitability Concerns

Cambridge Investment Research

Cambridge Investment Research, Inc. broker Michael Valenta (CRD# 1386978) is accused of unsuitable investment recommendations. He has been registered with Cambridge Investment Research, Inc. in Westminster, Colorado since 2008. 

Michael Valenta Customer Complaints

He has been the subject of six customer complaints between 2008 and 2022, one of which was denied and one was closed without action, according to his CRD report. The most recent complaints were regarding: 

July 2022. “The Statement of Claim alleges recommendations were made that did not align with the Claimant’s suitability.” The case is currently pending. The complaint was regarding direct investments, oil and gas securities, real estate securities, and exchange traded funds (ETFs). 

June 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 direct investments and oil and gas securities.

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 customer is seeking $800,000 in damages and the case is currently pending. The complaint was regarding direct investments and oil and gas securities.

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 Michael Valenta’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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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 below for a free consultation.

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