Erez Law is currently investigating barred former Cambridge Investment Research, Inc. broker William Michero (CRD# 4617645), who is alleged to have engaged in unauthorized transactions. He was registered with Cambridge Investment Research, Inc. in Fort Worth, Texas, from 2009 to 2021, when he was terminated regarding, “Registered representative misappropriated trust funds through his outside activity as a trustee.”
In September 2021, FINRA barred him indefinitely after he “consented to the sanction and to the entry of findings that from April 2018 through February 9, 2021, while associated with his member firm and serving as the trustee for a senior beneficiary’s accounts at other financial institutions, he converted more than $263,000 from those accounts. The findings stated that during April 2018, Michero began serving as the trustee for accounts maintained for a senior beneficiary at another FINRA member firm and at two additional financial institutions. Michero disclosed this outside business activity to his firm by May 2018.” FINRA found that between April 2018 until the end of his service as trustee in February 2021, he transferred “at least $263,286.40 from the trust accounts to his own account without authorization. Michero used the funds to pay for his own personal expenses.”
William Michero Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
February 2026. “RR transferred client trust funds into his own account(s), using them to pay his personal expenses, while taking improper trustee fees.” The customer is seeking $775,000 in damages, and the case is currently pending.
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 William Michero’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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