Brokerage Firm Settles with FINRA for $3.4 Million Over LJM Preservation and Growth Fund
Have you lost money investing in the LJM Preservation and Growth Fund through Cambridge Investment Research in Fairfield, IA? We are currently investigating allegations made against Cambridge Investment Research, a Fairfield, Iowa-based securities brokerage firm. FINRA (the Financial Industry Regulatory Authority) brought a regulatory action against the firm, making allegations that it failed to do adequate due diligence on the LJM Preservation and Growth Fund. In particular, FINRA alleged that Cambridge Investment Research failed to understand the particular risks of the LJM Preservation and Growth Fund. To settle these allegations, Cambridge Investment Research agreed to pay a $400,000 fine and restitution of over $3 million.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Phoenix, Arizona; Seattle, Washington; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including Iowa. Our attorneys have represented over one thousand investors against many brokerage firms in the past.