| Read Time: 2 minutes | Cambridge Investment Research Complaints |


Phillip Lloyd Smelser with Cambridge Investment Research, Inc. Has 2 Customer Complaints For Alleged Broker Misconduct In the Past 2 Years

Who is Phillip L. Smelser with Cambridge Investment Research, Inc.?

Phillip Smelser (CRD #2338831) who is currently registered with Cambridge Investment Research, Inc. and located in Woodfin, North Carolina is a subject of one of our many securities industry sales practice abuse investigations. Prior to Cambridge Investment Research, Inc., Phillip Smelser was associated with 10 other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

Cambridge Investment Research, Inc. Broker Misconduct

In his career, Phillip Smelser has been the subject of 2 customer complaints that we know about, 1 of those complaints were filed in the last year to recover investment losses. One of Phillip Smelser’s customer complaints was settled in favor of investors. There is currently one pending customer complaint filed against Phillip Smelser’s current employer Cambridge Investment Research, Inc. for investment losses caused by his alleged misconduct.

Allegations Against Phillip Smelser

A sample of the allegations made in the FINRA reported arbitration claim settlements and pending complaints for investment losses are as follows:

  • Claimant alleges unsuitable investment recommendations and misrepresentations involving mutual funds and real estate investments.
  • Claimant alleges the sale of unsuitable investments, misrepresentations and other sales practice violations.

Phillip Smelser Red Flags & Your Rights As An Investor

Of course, Phillip Smelser 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 Phillip Smelser at Cambridge Investment Research, Inc. on alert to review carefully the activity and performance of their accounts and question whether Phillip Smelser has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Cambridge Investment Research, Inc. also raises questions about 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, Inc.

If you have questions about Cambridge Investment Research, Inc. and/or Phillip Smelser 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.

Author Photo

Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

Rate this Post

1 Star2 Stars3 Stars4 Stars5 Stars