DID TODD MICHAEL LESK CAUSE YOU INVESTMENT LOSSES?
Todd Lesk Formerly With Cambridge Investment Research, Inc. Has 5 Customer Complaints For Alleged Broker Misconduct
About Todd Lesk formerly with Cambridge Investment Research, Inc.?
Todd Lesk (CRD #2788300) has a comprehensive history in the financial industry, evidenced by multiple registrations across various firms. He has passed one principal/supervisory exam, three general industry/product exams, and two multi-state securities law exams. His career spans from June 1997, starting at LH Ross & Company, Inc. in Boca Raton, Florida, and includes stints at significant firms such as LPL Financial LLC and Cambridge Investment Research, Inc. Lesk’s broad experience is reflected in his diverse qualifications and extensive registration across different states and roles.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Todd Lesk Customer Complaints and Reviews
Todd M. Lesk has multiple negative disclosures:
- Regulatory Actions (1 Event)
- FINRA (2023): A permanent bar was imposed due to Lesk’s refusal to provide information and testify in a FINRA investigation into potentially improper crypto asset recommendations.
- Customer Disputes (5 Events)
- Settled (2017): Allegations of unauthorized transactions and churning in a trust account, resulting in a $30,000 settlement.
- Pending (4 separate incidents ranging from 2021 to 2024): These include unsuitable insurance and investment product recommendations, unauthorized investment activities, and other compliance issues with claimed damages exceeding $1 million.
- Terminations (2 Events)
- LPL Financial LLC (2022): Voluntary resignation following allegations of directing customers to invest in an unapproved private investment.
- Cambridge Investment Research, Inc. (2023): Permitted to resign due to non-cooperation with regulatory and firm investigations.
Allegations Against Todd Lesk
- Regulatory Action by FINRA (2023):
- Allegation: Non-cooperation with an investigation into recommending off-the-books crypto investments.
- Outcome: Permanent bar from the industry.
- Customer Complaints and Disputes:
- Unauthorized Transactions and Churning (2015): Trading without authorization, resulting in a $30,000 settlement.
- Unsuitable Investments (2021-2023): Recommendations of unsuitable insurance and investment products leading to significant claimed losses.
- Unauthorized Investments (2022): Directed clients to invest in unapproved products, currently pending arbitration.
- Terminations:
- Unapproved Private Investment (2022): Resigned from LPL Financial after allegations of investing clients in a private LLC he founded without firm approval.
- Non-cooperation (2023): Was permitted to resign by Cambridge Investment Research amid ongoing regulatory scrutiny and non-cooperation with the firm’s investigation.
Todd Lesk Red Flags & Your Rights As An Investor
Of course, Todd Lesk 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 Todd Lesk at Cambridge Investment Research, Inc. on alert to review carefully the activity and performance of their accounts and question whether Todd Lesk 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 Todd Lesk
If you have questions about Cambridge Investment Research, Inc. and/or Todd Lesk 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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