DID KENT REAVES HERRING CAUSE YOU INVESTMENT LOSSES?
Kent Herring Of Cambridge Investment Research, Inc Has 2 Customer Complaints For Alleged Broker Misconduct
About Kent Herring of Cambridge Investment Research, Inc?
Kent Herring (CRD #5417262) is a financial advisor currently employed with Cambridge Investment Research Advisors, Inc. as an investment advisor, and Cambridge Investment Research, Inc. as an investment broker, in Gulf Breeze, Florida since January 2015 and March 2018, respectively. He is registered in 11 U.S. states and territories and with one Self-Regulatory Organization (SRO). Herring has passed three general industry/product exams (Series 7, Series 6, SIE) and two multi-state securities law exams (Series 65, Series 63). Previously, he was registered with VOYA Financial Advisors, Inc. from September 2007 to December 2014. His broad licensure and multiple qualifications underscore a diverse career in financial services.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Kent Herring Customer Complaints and Reviews
Kent Reaves Herring’s record includes several negative disclosures:
- Customer Disputes: He has two recorded customer disputes. One complaint, filed on March 31, 2023, alleging unsuitable investment strategies involving complex insurance products, was settled for $27,500, although Herring did not personally contribute to the settlement. Another ongoing complaint alleges misrepresentation and unsuitability related to a complex insurance product with alleged damages of $15,000.
- Litigation and Settlement: The settled dispute involved complex insurance products and was settled without Herring’s contribution or direct involvement in the decision-making process as per the filings.
Allegations Against Kent Herring
- Unsuitability and Misrepresentation: Herring has been accused of recommending investment strategies and insurance products that were allegedly not suitable for the clients’ profiles, including claims that features of these products were misrepresented.
- Complex and Risky Insurance Products: In both customer disputes, the products involved were described as complex and potentially risky insurance vehicles, which were claimed to be unsuitable for the clients’ investment objectives.
- Litigation Details: One case remains pending with allegations still under review, highlighting ongoing concerns regarding the suitability and representation of the financial products sold.
Kent Herring Red Flags & Your Rights As An Investor
Of course, Kent Herring 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 Kent Herring at Cambridge Investment Research, Inc on alert to review carefully the activity and performance of their accounts and question whether Kent Herring 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 the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At Cambridge Investment Research, Inc Due To Kent Herring
If you have questions about Cambridge Investment Research, Inc and/or Kent Herring 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.
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