Advisor Alert: Our Attorneys Are Investigating David Robert Neumann For Investment Fraud
Did You Lose Money Because of David Neumann of Cambridge Investment Research?
Filed: October 20, 2023
David Robert Neumann, or David Neumann, currently has been the subject of one (1) customer complaint. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on David Robert Neumann.
Who Is David Robert Neumann of Cambridge Investment Research, Inc. and Cambridge Investment Research Advisors, Inc.?
- Advisor Name: David Robert Neumann
- Aliases: David Neumann
- CRD: 6290456
- Location: Altoona, Pennsylvania
- Current Employer: Cambridge Investment Research, Inc. and Cambridge Investment Research Advisors, Inc.
- Previous Firms: Morgan Stanley
- Number of Known Customer Complaints: 1
- Can David Neumann Be Sued: Yes, in Private Arbitration
- Can David Neumann’s Employers Be Sued For Failing to Supervise His Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $1,000,000
- Highest Settlement: $75,000
If you have suffered investment losses by David Neumann, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a stockbroker fraud lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against David Neumann For Broker Misconduct
As of this publication date, David Neumann has been the subject of 1 customer dispute. Let’s review it below.
In August 2020, a FINRA arbitration was filed against or in reference to David Neumann by a customer of Cambridge Investment Research, Inc. alleging that Mr. Neumann sold alternative, illiquid and complex investment products rather than traditional liquid and well-diversified investment portfolio options to the client. Per the customer, he/she lost over $1,000,000 due to Mr. Neumann’s actions. On December 23, 2021, Mr. Neumann settled the claim for $75,000, and some or all of this amount may have been paid by Mr. Neumann’s employer and/or insurance carrier.
How To File A Claim Against David Neumann of Cambridge Investment Research, Inc. and Cambridge Investment Research Advisors, Inc. (previously with Morgan Stanley) To Get Your Money Back.
If you have questions about David Neumann, Cambridge Investment Research, Inc., Cambridge Investment Research Advisors, Inc., Morgan Stanley, or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.