MITCHELL DEAN HORST is currently employed as a Broker and/or Investment Adviser at CAMBRIDGE INVESTMENT RESEARCH, INC. located at 3041 W HORIZON RIDGE PKWY, STE 175, HENDERSON, NV, 89052.
MITCHELL DEAN HORST has worked at CAMBRIDGE INVESTMENT RESEARCH, INC. since November 12, 2013
Disclosure History
MITCHELL DEAN HORST has 5 Disclosure Event(s).
Date: September 01, 2015 Category: Customer Dispute Allegations: CLIENT ALLEGES RR SOLD HIM UNSUITABLE INVESTMENTS AND MISREPRESENTED AND OMITTED FACTS ABOUT THE PRODUCT. Damage Amount Requested: $85,456.95 Broker Comment: RR asserts several discovery and suitability meetings were done with client and family concerning risk tolerance and investment products. Client then wanted to liquidate before time commitment because of business partner's health, not suitability, knowing the penalties. Investment did not lose value, default, or become illiquid. Client is trying to recapture surrender charges which were fully disclosed at the time of sale.
Date: February 02, 2010 Category: Customer Dispute Allegations: CLIENTS CLAIMED THAT THEIR INSTRUCTIONS WERE NOT FOLLOWED WITH REGARD TO THEIR ASSET ALLOCATION.
Date: April 24, 2009 Category: Customer Dispute Allegations: CUSTOMER ALLEGES, INTER ALIA, MISREPRESENTATIONS REGARDING THE SAFETY OF HIS INVESTMENTS IN FEBRUARY 2009. Damage Amount Requested: $5,000.00 Broker Comment: MR. HORST STRONGLY DENIES ANY WRONGDOING.
Date: February 23, 2009 Category: Customer Dispute Allegations: CUSTOMER COMPLAINS THAT SEVERAL COMMON STOCK PURCHASES MADE IN HIS ACCOUNT ON OCTOBER 14, 2008 WERE UNAUTHORIZED. Settlement Amount: $3,022.80
Date: September 18, 2008 Category: Customer Dispute Allegations: CLIENT ALLEGES THAT FA DESCRIBED ARS INVESTMENT AS GOOD AS CASH, LIQUID, AND SAFE. CLIENT CONTINUES THAT FA DID NOT EXPLAIN RISKS OF INVESTMENT. ALLEGES DAMAGES, UNSPECIFIED, BUT BELIEVED TO EXCEED $5000.00 Settlement Amount: $125,000.00 Broker Comment: THIS MATTER INVOLVES THE SALE OF AUCTION RATE SECURITIES (ARS). THE TRANSACTION(S) AT ISSUE TOOK PLACE BEFORE MID-FEBRUARY 2008, WHEN THE ARS MARKET SUFFERED WIDESPREAD AUCTION FAILURES AND ILLIQUIDITY. THE FINANCIAL ADVISOR DID NOT CAUSE, CONTRIBUTE OR HAVE ANY CONTROL WHATSOEVER OVER THESE MARKET EVENTS. THE FIRM REACHED AGREEMENT WITH CERTAIN OF ITS REGULATORS, PURSUANT TO WHICH IT REPURCHASED ARS FOR THEIR FULL PAR VALUE FROM CERTAIN CLIENTS, INCLUDING THE INSTANT CLIENT, WHETHER THEY COMPLAINED OR NOT. THE FINANCIAL ADVISOR WAS NOT A PARTY TO THAT AGREEMENT, DID NOT MAKE ANY PAYMENTS TO THE CLIENT, AND WAS NOT ASKED TO AND DID NOT CONTRIBUTE TO THE REPURCHASE AMOUNT. THE SETTLEMENT AMOUNT IN ITEM 11 ABOVE REFLECTS THE PAR VALUE OF THE REPURCHASED ARS, AS REQUIRED BY FINRA REGULATORY NOTICE 09-12.
More Information
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