Gregory Corrie Fired from Cambridge Investment Research

Gregory Corrie (CRD #: 1982814), a broker formerly registered with Cambridge Investment Research, was fired from the firm, according to his BrokerCheck record, accessed on April 12, 2023. Keep reading if you have questions about his alleged conduct as a broker.

Termination from Cambridge Investment Research

On February 16, 2023, Gregory Corrie was fired from Cambridge Investment Research for allegedly making excessive recommendations of Unit Investment Trusts (UITs).

FINRA Rule 2111

FINRA Rule 2111 requires brokers to recommend securities that adequately fit an investor’s financial goals. Brokers must consult the investor’s profile, which contains information about their tax status, age, and risk tolerance.

Investors who feel their losses were caused by unsuitable investment recommendations may be able to recover their funds through FINRA arbitration.

What are Unit Investment Trusts?

Unit Investment Trusts (UITs) operate similarly to mutual funds, but lock in their investments until maturity and are not actively managed. However, the lack of liquidity and other risks associated with UITs may make them unsuitable for some investors.

Background Information

Gregory Corrie has passed the following exams:

• Series 63 – Uniform Securities Agent State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 6 – Investment Company Products/Variable Contracts Representative Examination

He has also worked for the following firms:

• Cambridge Investment Research (CRD#:39543)
• Cetera Advisors (CRD#:10299)
• Invest Financial Corporation (CRD#:12984)
• Cetera Advisor Networks (CRD#:13572)
• InterSecurities (CRD#:16164)
• Lincoln Financial Advisors (CRD#:3978)
• The Lincoln National Life Insurance Company (CRD#:2580)

Kurta Law Can Help

If you worked with Gregory Corrie and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and 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.