Publicly available records published by the Financial Industry Regulatory Authority (FINRA) and accessed on January 25, 2017 indicate that former Texas-based Cambridge Investment Research broker/adviser Kermit Gable has been sanctioned by state regulatory authorities and is currently not affiliated with any broker-dealer firm. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Gable (CRD# 2202745).
Kermit Gable has spent 24 years in the securities industry and was most recently registered with Cambridge Investment Research in Arlington, Texas (2012-2016). Previous registrations include BrokersXpress in Richardson, Texas (2009-2011); NFP Securities in Dallas, Texas (2006-2009); MetLife Securities in Springfield, Massachusetts (1992-2006); and Metropolitan Life Insurance Company in New York, New York (1992-2006). He has passed three securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), which he obtained on October 21, 1996; Series 7 (General Securities Representative Examination), which he obtained on May 4, 1999; and Series 6 (Investment Company Products/Variable Contracts Representative Examination), which he obtained on January 13, 1992. He is currently not registered with any state or firm.
According to his BrokerCheck report, he has been sanctioned by state regulatory authorities and resigned from his former employer in connection to alleged rule violations.
In April 2017 he was sanctioned by the Texas State Securities Board in connection to allegations he participated in improper trading practices involving the execution of block trades without the prior preparation of written statements “identifying the accounts that would participate in each trade,” per the requirements of his member firm. He was issued a suspension of 150 days.
In November 2016 he was “permitted to resign” from his position at Cambridge Investment research in connection to allegations of “improper trading” in customers’ advisory accounts.
If you or someone you know has complaints regarding Kermit Gable, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recover lost funds. All cases are taken on a contingency basis: we only receive payment if and when you collect money. Time to file your claim may be limited, so we suggest you avoid delay. Call 877-238-4175 now to speak to an attorney for free.