Can I recover real estate investment losses from investments with Cambridge Investment Research, Inc. broker Stephen Ostrofsky (CRD# 1551279)? He has been registered with Cambridge Investment Research, Inc. in Boynton Beach, Florida, since 2022, and with Cambridge Investment Research Advisors, Inc. in Boynton Beach, Florida, since 2022. He was registered with Kovack Advisors, Inc. in Boynton Beach, Florida, from 2014 to 2022, and Kovack Securities Inc. in Boynton, Florida, from 2014 to 2022.
Stephen Ostrofsky Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
August 2026. “Customer alleges unsuitable recommendations, misrepresentations, and omissions of material risks in connection with CMCT preferred stock investments that ultimately suffered substantial losses following conversion to common stock.” The customer is seeking $198,000 in damages, and the case is currently pending. The complaint was regarding real estate investment losses, 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 Stephen Ostrofsky’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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