DID MICHAEL PAUL FRANCOEUR CAUSE YOU INVESTMENT LOSSES?
Michael Francoeur Formerly With Cambridge Investment Research Has A Customer Complaint For Alleged Broker Misconduct
Who is Michael Francoeur formerly with Cambridge Investment Research?
Michael Francoeur (CRD #5534184) who was formerly registered with Cambridge Investment Research and located in Somersworth, New Hampshire is a subject of one of our many securities industry sales practice abuse investigations.
Michael Francoeur was also the subject of a FINRA investigation into whether he assisted a client with an investment that was not approved by the brokerage firm. He refused to cooperate with the FINRA investigation and consented to the sanction and entry of findings that he refused to provide information requested by FINRA. Accordingly, he was permanently barred from any further association with any member firm in any capacity.
Michael Francoeur Customer Complaint
Michael Francoeur has been the subject of at least one customer complaint that we know about. The allegations made in the FINRA reported customer complaint for investment losses were clients alleged misappropriation of their IRA funds resulting in surrender penalties and tax implications. Michael Francoeur’s customer complaint was denied and, to date, the customers have not taken any further action.
Michael Francoeur Red Flags & Your Rights As An Investor
Of course, Michael Francoeur did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Michael Francoeur at Cambridge Investment Research on alert to review carefully the activity and performance of their accounts and question whether Michael Francoeur has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Cambridge Investment Research also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
File A Claim To Recover Your Investment Losses At Cambridge Investment Research Due To Michael Francoeur
If you have questions about Cambridge Investment Research and/or Michael Francoeur and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.