Cambridge Investment Research working on Finra settlement over alt fund sales
![former Merrill rep](https://s32566.pcdn.co/wp-content/uploads/2021/01/Finra-03-951x634.jpg.optimal.jpg)
Finra's department of enforcement has investigated Cambridge's due diligence of the sale of the defunct LJM Preservation and Growth Fund.
Cambridge Investment Research Inc., one of the largest independent broker-dealers in the industry, revealed last month in a filing with the Securities and Exchange Commission that it was being investigated by regulators for its sales of a small alternatives fund that blew up in 2018 and is now defun
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