Advisor Alert: Our Attorneys Are Investigating Keith Harold Offel For Investment Fraud
Did You Lose Money Because of Keith Offel?
Filed: February 15, 2024
Keith Offel has been the subject of three (3) customer complaints. 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 Keith Harold Offel.
Who Is Keith Harold Offel of Cambridge Investment Research, Inc. and Cambridge Investment Research Advisors, Inc.?
- Advisor Name: Keith Harold Offel
- Aliases: Keith Offel
- CRD: 2570946
- Location: Placentia, California
- Current Employer: Cambridge Investment Research, Inc. and Cambridge Investment Research Advisors, Inc.
- Previous Firms: Newport Advisory, Inc. and Money Concepts Capital Corp
- Number of Known Customer Complaints: 3
- Can Keith Offel Be Sued: Yes, in Private Arbitration
- Can Keith Offel’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $495,471
- Highest Settlement: $150,000
If you have suffered investment losses by Keith Offel, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a breach of fiduciary duty 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 Keith Offel For Broker Misconduct
As of this publication date, Keith Offel has been the subject of 3 customer disputes. Let’s review them below.
In September 2023, a complaint was filed against or in reference to Keith Offel by a customer of Cambridge Investment Research, Inc. alleging that the client requested a conservative investment objective. The client also alleges that Mr. Offel failed to follow the stated objectives resulting in significant loss. Per the customer, he lost over $70,224 because of Mr. Offel’s actions.
In July 2012, a complaint was filed against or in reference to Keith Offel by multiple customers of Cambridge Investment Research, Inc. alleging that they were misled relating to an investment in proof gold coins. The clients believe the advisor was negligent in providing the details about the investment and breached his fiduciary duty. Per the customers, they lost over $5,000 because of Mr. Offel’s actions.
In May 2004, a NASD arbitration was filed against or in reference to Keith Offel by a customer of Money Concepts Capital Corp alleging unsuitability, negligence, and breach of fiduciary duty. Per the customer, he/she lost over $495,471 because of Mr. Offel’s actions. On April 30, 2005, Mr. Offel settled the claim for $150,000, and some or all of this amount may have been paid by Mr. Offel’s employer and/or insurance carrier.
How To File A Claim Against Keith Offel of Cambridge Investment Research, Inc. and Cambridge Investment Research Advisors, Inc. (previously with Newport Advisory, Inc. and Money Concepts Capital Corp) To Get Your Money Back
If you have questions about Keith Offel, Cambridge Investment Research, Inc., Cambridge Investment Research Advisors, Inc., Newport Advisory, Inc., Money Concepts Capital Corp, 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.