David O’Block is the Subject of an Investor Dispute

David O’Block (CRD #: 1440692), a broker registered with Cambrdige Investment Research, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on July 29, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations 

On May 8, 2024, an investor alleged that David O’Block recommended unsuitable investments. The dispute was denied, but investors should know that firms can deny disputes without any external review. 

What is an Unsuitable Investment?

FINRA Rule 2111 requires brokers to evaluate whether an investment strategy fits their investor’s financial goals. Brokers must examine the investor’s profile, which contains the following investor characteristics:

• Age
• Risk tolerance
• Time horizon (i.e., how long the investor plans to hold the investment)
• Investing experience
• Tax status
• Financial goals

Investors who rely on brokers for recommendations may be able to recover losses from unsuitable investment recommendations by pursuing FINRA arbitration.

• Series 63 Uniform Securities Agent State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination
• Series 22 Direct Participation Programs Representative Examination 
• Series 6 Investment Company Products/ Variable Contracts Representative Examination 
• Series 24 General Securities Representative Examination 

He is a registered broker in 26 states and is a registered investment adviser in Pennsylvania and Texas. 

During his 28 years of experience, David O’Block has registered with 12 firms. These are the five most recent: 

• Cambridge Investment Research (CRD #: 39543) 
• LPL Financial (CRD #: 6413) 
• Mutual Service Corporation (CRD #: 4806) 
• FFP Securities (CRD #: 16337) 
• American Express Financial Advisors (CRD #: 6363) 

Kurta Law Can Help 

If you have worked with David O’Block and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. Do not let securities fraud go unchecked. Start your recovery process today.