Brian Dumont: $500K Complaint Against Ex-Cambridge Advisor

Former New York City broker Brian Dumont (CRD# 4737802) recently received an investor complaint alleging his conduct resulted in six-figure damages. Financial Industry Regulatory Authority and Securities and Exchange Commission records show that the former Cambridge Investment Research representative is currently registered as an investment advisor with Dumont Wealth in Miami, Florida.

Mr. Dumont’s BrokerCheck report discloses one investor complaint. Filed in October 2023, it alleges that as a representative of Cambridge Investment Research, he recommended an unsuitable real estate investment and failed to provide adequate guidance. The pending complaint alleges damages of $500,000.

Dumont Wealth’s website features a profile of Mr. Dumont that notes his position as Founder and CEO of the firm. “One of Brian’s core beliefs about money is that clients have more to gain by preventing losses than by simply trying to chase the highest rate of return,” it states. “This is a very conservative approach to wealth management that helps families build a foundation for their financial future. At the same time, it positions them with the ability to capitalize on opportunities as they come about.”

According to the Financial Industry Regulatory Authority and the Securities and Exchange Commission, Brian Dumont holds 18 years of securities industry experience. Based in Miami, Florida, he has been an investment advisor with Dumont Wealth since 2019. His past registrations include Cambridge Investment Research (New York, New York; 2008-2017), MetLife Securities (New York, New York; 2004-2008), and Metropolitan Life Insurance Company (New York, New York; 2004-2007). 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 Investment Adviser Law Examination, or Series 65. He is licensed in Florida, New York, and Texas. (Information current as of November 26, 2023.)

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