ADAM BINGHAM UDY is currently employed as a Broker and/or Investment Adviser at CAMBRIDGE INVESTMENT RESEARCH, INC. located at 1160 N. Town Center Dr., Ste. 370, Las Vegas, NV, 89144.
ADAM BINGHAM UDY has worked at CAMBRIDGE INVESTMENT RESEARCH, INC. since December 07, 2015
Disclosure History
ADAM BINGHAM UDY has 2 Disclosure Event(s).
Date: July 09, 2011 Category: Financial Type: Bankruptcy Disposition: Discharged Broker Comment: I WAS OVERLEVERAGED IN REAL ESTATE AND A PERSONAL NOTE RELATING TO AN EMPLOYMENT CONTRACT WITH A FORMER EMPLOYER, UBS. MY FORMER EMPLOYER WOULD NOT SETTLE UPON FAVORABLE PAYMENT TERMS AND DEMANDED PAYMENT IN FULL, THEREFORE IT MADE THE MOST SENSE TO ENTER INTO A REPAYMENT AGREEMENT VIA CHAPTER 13 BANKRUPTCY. UNDER THIS CHAPTER 13 BANKRUPTCY PLAN, I PAY $1,401 PER MONTH TO CH. 13 TRUSTEE [third party]FOR A PERIOD OF 5 YEARS. THE TRUSTEE PAYS A NEGOTIATED SETTLEMENT AMOUNT TO MY CREDITORS AND ALSO CAUSES ME TO BE FREED FROM POSSIBLE LEGAL ACTION FROM MY FORMER EMPLOYER IF I COMPLY WITH MY PART OF THE AGREEMENT. UPON SUCCESSFUL COMPLETION OF THE TERM, I PLAN TO RECEIVE A DISCHARGE AT THAT TIME (ESTIMATED COMPLETION IS 1/2017).
Date: April 04, 2008 Category: Customer Dispute Allegations: CLIENT ALLEGES THAT HE INFORMED THE FA THAT HE NEEDED TO KEEP ALL THE FUNDS LIQUID AS HE HAD A CASH REQUIREMENT DUE IN MARCH. CLIENT FURTHER STATES THAT WHEN HE REQUESTED THE MONEY, HE WAS INFORMED THAT THE FUNDS WERE UNAVAILABLE (FUNDS INVESTED IN AUCTION RATE SECURITIES). DAMAGES ESTIMATED TO BE IN EXCESS OF $5,000. Damage Amount Requested: $5,000.00 Settlement Amount: $1,400,000.00 Broker Comment: THE COMPLAINT AROSE IN CONNECTION WITH THE INDUSTRY WIDE BREAKDOWN OF THE LIQUIDITY IN THE MARKET FOR AUCTION RATE SECURITIES ("ARS"). THE FIRM AGREED TO REPURCHASE THE ARS SECURITIES AT ISSUE AT PAR VALUE FROM THE CLIENT PURSUANT TO A GLOBAL REPURCHASE AGREEMENT IT ENTERED INTO WITH SEVERAL REGULATORY BODIES. THIS WAS NOT A SETTLEMENT OF A DISPUTE BETWEEN THE CLIENT AND THE REPRESENTATIVE AND WAS NOT BASED ON THE MERITS OF THE CLIENT'S SPECIFIC CONCERNS OR ANY FINDING OF FAULT OR WRONGDOING BY THE NAMED REPRESENTATIVE. THE NAMED REPRESENTATIVE WAS NOT A PARTY TO, AND DID NOT AGREE TO OR PARTICIPATE IN, THE REPURCHASE AGREEMENT BETWEEN THE FIRM AND THE RELEVANT REGULATORY BODIES. THE NAMED REPRESENTATIVE DID NOT MAKE ANY PAYMENTS TO THE CLIENT AND THE NAMED REPRESENTATIVE WAS NOT ASKED TO AND DID NOT CONTRIBUTE TO THE SETTLEMENT AMOUNT. THE LISTED "SETTLEMENT AMOUNT" REPRESENTS ONLY THE GROSS INITIAL PAR VALUE OF THE ARS POSITION AND DOES NOT TAKE INTO ACCOUNT THE ACTUAL VALUE OF THE ARS POSITION AT THE TIME THE FIRM RECEIVED IT BACK FROM THE CLIENT IN CONNECTION WITH THE SETTLEMENT. THIS MATTER IS BEING REPORTED AS A SETTLEMENT PURSUANT TO THE REQUIREMENTS OF FINRA REGULATORY NOTICE 09-12.
More Information
All individuals registered to sell securities or provide investment advice are required to disclose customer complaints and arbitrations, regulatory actions, employment terminations, bankruptcy filings and criminal or civil judicial proceedings.
A disclosure includes information about customer disputes, disciplinary events and financial matters on the broker's record as reported by securities regulators, the individual broker, and any involved firms. Some of these items may involve pending actions or allegations that have not been resolved or proven. The presence of a disclosure does not automatically indicate any wrongdoing.
BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.
To view the full report for ADAM BINGHAM UDY, click here.
The use of BrokerCheck data is subject to the BrokerCheck Terms of Use.
×
Outdated Information
If you discover any errors or outdated information on this Website, please contact us and we will promptly correct such errors or outdated information.
If BrokerCheck® is the source of such errors or outdated information, please contact FINRA at (301) 590-6500.
×
BrokerSearch Removal
Brokersearch.info will not fully remove items from this Website without an applicable court order designating them for removal. Investors rely on the information available on this Website to decide whether to choose or retain a broker or investment adviser.
Upon written request, we may remove certain page(s) from appearing in search engine results using the robots.txt protocol.
When a person searches for your name using Google, Bing, Yahoo! and other search engines the page(s) from Brokersearch.info would not appear in the search results.
Please contact us to learn more about Search Engine Removal.