Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on August 9, 2016 indicate that Massachusetts-based NBC Securities broker Geoff Cambal has received several customer complaints. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Cambal (CRD# 2494445).
Geoff Cambal has spent 17 years in the securities industry and has been registered with NBC Securities in Yarmouth, Massachusetts since August 2015. Previous registrations include JHS Capital Advisors in Osterville, Massachusetts; RBC Capital Markets in Osterville, Massachusetts; and Legg Mason Wood Walker in Baltimore, Maryland. He is a registered broker with 10 US states and territories: California, Connecticut, Florida, Maryland, Massachusetts, Nevada, New York, Pennsylvania, Rhode Island, and South Carolina.
According to his BrokerCheck report, Geoff Cambal has received one regulatory sanction and four customer complaints.
In September 2015, the State of Massachusetts placed Geoff Cambal on heightened supervision as a result of his prior disclosure events, involving allegations of unsuitable recommendations, unauthorized trading, and failure to diversify. Other conditions on his registration include a prohibition from exercising discretion in the handling of Massachusetts customer accounts and a prohibition from holding supervisory, principal or managerial duties.
In March 2015, a customer alleged Geoff Cambal, while employed at RBC Capital Markets, made unsuitable investment recommendations. The complaint settled in May 2015 for $24,999.
In 2013, a customer alleged Geoff Cambal, while employed at RBC Capital Markets, advised a concentration in unsuitable stocks. The complaint settled in 2014 for $41,000.
In 2012, a customer alleged Geoff Cambal, while employed at RBC Capital Markets and JHS Capital Advisors, over-traded in unsuitable products. The complaint settled in 2014 for $65,000.
In 2002, a customer alleged Geoff Cambal, while employed at Legg Mason Wood Walker, provided bad advice. The complaint settled for $17,500.
If you have complaints regarding Geoff Cambal, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recoup your losses. All cases are taken on contingency: we only receive payment if and when you recover money. You may have a limited window to file your complaint, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.