Were you the victim of Cambridge Investment Research Advisors, Inc. broker Nathanael Downs (CRD# 5833891) who is alleged to generate excessive commissions through a non-diversified investment portfolio. He has been registered with Cambridge Investment in Bellevue, Washington and Cambridge Investment Research Advisors, Inc. in Bellevue, Washington since 2011 and with Duncan Financial Planning Advisors in Bellevue, Washington since 2020.
Nathanael Downs 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 direct investments and oil and gas investment losses. The complaint took place while he was registered with Cambridge Investment Research Advisors, 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 Advisors, Inc. may be liable for investment or other losses suffered by Nathanael Downs 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.