February 2, 2024
Attorneys at ChapmanAlbin are investigating Alexander Kline, registered representative at Cambridge Investment Research, Inc., for allegations of broker misconduct. Kline allegedly misled his customers about the risks associated with investing in the Griffin—now known as Peakstone—Real Estate Investment Trust (REIT), which resulted in catastrophic losses. REITs are highly speculative and illiquid “alternative investments.” They are generally unsuitable for most investors but generate large upfront commissions and fees for the brokers who recommend them.
Kline’s alleged misconduct while employed at Cambridge is all the more damning because he has a long history—more than 20 years—of allegedly recommending unsuitable investments for his personal gain. Investors can read more about the allegations against Mr. Kline on his BrokerCheck report.
Brokerage firms and their registered representatives have a duty to only recommend investment products and strategies that are suitable for their clients, and to put their clients’ interests before their own. When they fail in that duty, brokers and investment professionals may be liable to individual investors for damages.
ChapmanAlbin has been fighting for investor rights for more than 25 years. If you believe you may have been wronged by an investment processional, contact ChapmanAlbin for a free consultation.
"*" indicates required fields