Haselkorn & Thibaut Announces Investigation Into Peter Hill, Cambridge Investment Research Advisor – Des Moines, IA
Haselkorn & Thibaut, a national law firm focused exclusively on investment fraud matters, has launched an investigation into Peter Hill (CRD 2432123), financial advisor with Cambridge Investment Research, Inc. in Des Moines, Iowa. If you have experienced losses under Peter Hill’s guidance or if you have concerns about how your investments were handled, this research report covers Peter Hill’s background, complaint history, potential red flags, and ways you can protect your financial interests. If questions remain after reading, reach an attorney for a free consultation at 1 888-885-7162.
Background: Who Is Peter Hill?
Table of Contents
- Name: Peter Hill
- CRD Number: 2432123
- Current Firm: Cambridge Investment Research, Inc.; Cambridge Investment Research Advisors, Inc. (RIA)
- Branch Address: 4140 Grand Ave., Des Moines, IA 50312
- Registration Since: May 5, 2020
- Prior Firms:
- Voya Financial Advisors, Inc. (01/2004–05/2020)
- Locust Street Securities, Inc. (01/1994–01/2004)
- Other Affiliations: Independent insurance agent, advisory rep, and involvement in several business entities
- Licenses: General Securities Representative, Investment Adviser Representative
- Active in Multiple States
Peter Hill’s Complaint and Dispute History
When selecting a financial advisor, it’s crucial to review public disclosures and customer complaints. Below, you’ll find a comprehensive list of formal disputes and settlement history for Peter Hill.
| Date | Firm | Allegations | Status / Settlement |
|---|---|---|---|
| January 2024 | Voya Financial Advisors | Unsuitable Real Estate Investment Trust (REIT) recommendation; misrepresentation of risk, income/growth | Settled for $10,659 |
| January 2012 | Locust Street Securities, Inc. | Inaccurate information about variable annuity | Settled for $165,951 |
| January 2012 | Locust Street Securities, Inc. | Inaccurate information about variable annuity | Settled for $75,000 |
Highest reported customer award or settlement: $165,951
Observed Red Flags & Regulatory Points to Consider
- Suitability Concerns: Multiple disputes allege the recommendation of unsuitable investments, specifically non-traded REITs and variable annuities. This raises questions about whether the investments matched clients’ risk tolerance and needs.
- Disclosure Obligations: Financial professionals must fully and accurately disclose all material risks and details. Two settlements (2012) involved alleged misrepresentation or omission of important facts regarding complex annuity products.
- Best Interest / Fiduciary Duty: Advisors are expected to act in the client’s best interest. Any breach of this obligation may violate SEC Regulation Best Interest (Reg BI).
BrokerCheck, SEC, and Litigation History Overview
Understanding an advisor’s regulatory and legal track record is essential:
- No regulatory fines or suspensions reported by FINRA.
- No SEC enforcement actions or cease-and-desist orders—Peter Hill is not named in any individual SEC action.
- No federal or state lawsuit records against Peter Hill as a defendant or plaintiff.
- No known bankruptcy filings, judgments, or liens in public databases.
- No press or industry bulletins reference further regulatory events or customer arbitrations beyond what’s listed above.
For the most up-to-date regulatory disclosures, you can search Peter Hill’s FINRA BrokerCheck profile.
What Should Investors Do Next?
- Carefully review all account documentation and investment statements. If you notice losses, unexpected high-risk investments, or unfamiliar charges, it’s prudent to obtain an independent review.
- If you believe your investments were not aligned with your goals or your advisor failed to fully disclose risks, consider a free, no-obligation consultation with Haselkorn & Thibaut’s lawyers by calling 1 888-885-7162.
- The firm accepts cases nationwide on a contingent fee basis – there is no fee unless you recover funds.
- Protect your legal rights while evidence is available and deadlines permit.
How Haselkorn & Thibaut Can Help
- Haselkorn & Thibaut (investmentfraudlawyers.com) is a national securities law firm with 50+ years of experience and a 98% success rate, recovering millions for investors.
- If you lost money with Peter Hill, Cambridge Investment Research, Inc., or suspect misconduct in your account, connect with an experienced attorney at 1 888-885-7162.
Key Takeaway: If you invested with Peter Hill in Des Moines, IA, and have concerns about REITs, variable annuities, or any investment that’s inconsistent with your goals, don’t hesitate to seek a free legal review. The consultation is confidential, free, and you pay no fee unless Haselkorn & Thibaut wins your case.
