Kurt Cambier: Did Cambridge Advisor Sell Unsuitable Oil & Gas Product?

Littleton, Colorado financial advisor Kurt Cambier (CRD# 1392482) has received multiple investor complaints alleging that his conduct resulted in losses. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor with Cambridge Investment Research, doing business as Centennial Capital Partners.

Mr. Cambier’s BrokerCheck report discloses two investor complaints. The most recent, filed in May 2023, alleges that as a representative of Cambridge Investment Research, he recommended an oil and gas investment and a direct 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.

A second investor complaint, filed in 2021, alleged that as a representative of Cambridge Investment Research, he recommended unsuitable investments. In 2023 the complaint reached a settlement of $67,500.

In identical statements included with both complaints’ disclosures, Mr. Cambier wrote that he disputes the allegations made by the claimants, whom he describes as accredited investors. “All prospectuses and supplements were given out before the purchase,” the statements read. “All the acknowledgements and disclosures were signed and initialed by the investors. The investors were looking for an investment outside the volatility of the markets.”

According to the Financial Industry Regulatory Authority, Kurt Cambier holds 37 years of securities industry experience. Based in Littleton, Colorado, he has been a broker and an investment advisor with Cambridge Investment Research since 2008, doing business as Centennial Capital Partners. His past registrations include Multi-Financial Securities Corporation (Denver, Colorado; 2000-2008), MML Investors Services (Springfield, Massachusetts; 1996-2000), GR Phelps & Company (1991-1996), Amev Investors (Oakdale, Minnesota; 1990-1991), and Pruco Securities Corporation (Newark, New Jersey; 1986-1990). His credentials include the passage of four 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; and the Uniform Securities Agent State Law Examination, or Series 63. He holds 38 state licenses. (Information current as of June 11, 2023.)

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