Brad Fath: Oil & Gas Complaint Against Cambridge Advisor

Big Rapids, Michigan financial advisor Brad Fath (CRD# 2632194) allegedly recommended an investment for the purpose of generating high commissions, according to a recent investor complaint. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor with Cambridge Investment Research, as well as a representative of Lerner, Csernai and Fath Financial Group.

Mr. Fath’s BrokerCheck report discloses one investor complaint. The most recent, filed in February 2024, alleges that as a representative of Cambridge Investment Research, he recommended an oil and gas investment “for the purpose of generating high commissions and fees,” depriving the customers of “the ability to generate reasonable returns that would have been received in a diversified portfolio.” The pending complaint alleges unspecified damages.

Lerner, Csernai and Fath Financial Group’s website includes a profile of Mr. Fath that describes him as the firm’s president. “One of Brad’s major roles in the office is analyzing new investment strategies,” it states. “His ability to understand and develop new strategies is an invaluable asset to the group and our clients alike. Brad’s dedication and passion in building strong relationships with people are evident in the trust they place in him.”

According to the Financial Industry Regulatory Authority, Brad Fath holds 28 years of securities industry experience. Based in Big Rapids, Michigan, he has been a broker and an investment advisor with Cambridge Investment Research since 2011. He was previously registered with MML Investors Services in Big Rapids, Michigan from 1995 until 2011. His credentials include the passage of five securities industry qualifying exams: the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Combined State Law Examination, or Series 66. He holds 41 state licenses. (Information current as of March 30, 2024.)

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