Nicolas Longpre: $750K Complaint Against Wealth Trading Advisor

A recent investor complaint against Honolulu financial advisor Nicolas Longpre (CRD# 4791561) alleges that his advice resulted in six-figure damages. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with Cambridge Investment Research, doing business as Wealth Trading Partners.

Mr. Longpre’s BrokerCheck report discloses one investor complaint. Filed in June 2026, it alleges that as a representative of Cambridge Investment Research, he recommended unsuitable real estate investments and failed to fully explain risks. The pending complaint alleges damages of $750,000.

FINRA rules prohibit brokers from making investment recommendations that are considered unsuitable for an investor. Unsuitable investments and strategies are understood as those not based in a “firm understanding of both the product and the customer,” as described by FINRA Rule 2111. This rule stipulates that brokers must conduct “reasonable diligence” to ascertain whether investments are suitable for a customer’s background and objectives. They must ensure that the recommendation is suitable for some investors; that it is suitable for the individual customer to which they are making it; and that, if they are recommending a series of transactions to a customer over whose account they have actual or de facto control, the transactions are suitable when taken together as well as when viewed in isolation. Brokers who make unsuitable investment recommendations may be liable to their clients in the event of losses.

According to the Financial Industry Regulatory Authority, Nicolas Longpre holds 21 years of securities industry experience. Based in Honolulu, Hawaii, he has been registered as a broker and an investment advisor with Cambridge Investment Research since 2018, doing business as Wealth Trading Partners. His past registrations include Signator Investors, VSR Advisory Services, Associated Securities, and FSC Securities Corporation. His credentials include the passage of six securities industry qualifying exams: the Securities Industry Essentials Examination, or SIE; the General Securities Representative Examination, or Series 7; the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the Uniform Investment Adviser Law Examination, or Series 65; the Uniform Securities Agent State Law Examination, or Series 63; and the General Securities Principal Examination, or Series 24. He holds 35 state licenses. (Information current as of June 20, 2026.)

Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.