Haselkorn & Thibaut, P.A., operating as Investment Fraud Lawyers, has opened an independent investigation into financial advisor Nicolas Longpre (CRD# 4791561) of Cambridge Investment Research, Inc. As a group of former Wall Street defense attorneys, we rely on our decades of insider knowledge to aggressively pursue recovery options for investors who may have suffered losses. If you have invested through Nicolas Longpre in Irvine, California, or have concerns about recommendations made to you, we encourage you to read this detailed analysis and contact our attorneys for a free review of your situation.
Why Haselkorn & Thibaut is Investigating Nicolas Longpre
We monitor the landscape of investment advisors and broker-dealers nationwide to protect investors from potential misconduct, unsuitable recommendations, or failures in disclosure. Our investigation into Nicolas Longpre of Cambridge Investment Research, Inc. was prompted by a recent pending customer dispute reported on FINRA BrokerCheck. According to public filings, the customer has alleged unsuitability in the sale of real estate securities—a serious concern under FINRA and SEC standards.
Key Background Information on Nicolas Longpre:
Current Firm: Cambridge Investment Research, Inc. (CRD 8154)
Licenses: Series 7, 6, 63, 65, and 24
Current City & State: Irvine, CA (as per official records)
Previous Firms: Signator Investors, VSR Financial Services, Associated Securities Corp.
Full FINRA BrokerCheck profile available here: https://brokercheck.finra.org/individual/summary/4791561
Summary of Customer Complaint Against Nicolas Longpre
As of our most recent review of the BrokerCheck report dated July 24, 2026, the following details were disclosed about the pending complaint:
Date of Alleged Activity: June 3, 2026
Nature of Allegations: Unsuitable recommendations; incomplete explanation of risks
Product Involved: Real estate securities
Damages Sought: $750,000
Status: Pending FINRA arbitration (#26-01224)
The clients allege that Nicolas Longpre, while a registered representative of Cambridge Investment Research, Inc., recommended a real estate security that was not suitable to their investment objectives or risk tolerance. Furthermore, they claim the risks and features of the product were not fully disclosed at the time of recommendation. This forms the crux of the dispute, which is currently unresolved and pending review by a FINRA arbitration panel.
What Does “Suitability” Mean? Key Rules & Requirements
Advisors such as Nicolas Longpre are strictly bound by FINRA Rule 2111 (Suitability), which mandates that any investment recommendation must fit an investor’s individual profile—considering their goals, risk capacity, financial situation, and investment experience. The pending complaint directly challenges whether these standards were properly followed in Mr. Longpre’s recommendations.
Additionally, FINRA Rule 2210 (Communications with the Public) requires that all information and risk disclosures provided to a client must be fair, balanced, and not misleading. Any failure to adequately explain risk factors when recommending potentially complex products, such as real estate securities, may constitute a violation of this rule.
Regulation Best Interest (Reg BI): Higher Standards for Investors’ Protection
Beyond FINRA’s rules, all broker-dealers—including Cambridge Investment Research, Inc.—must adhere to Regulation Best Interest (Reg BI), the U.S. Securities and Exchange Commission’s elevated standard of conduct effective since June 30, 2020. Under this rule, advisors must:
Disclose all material facts about each recommendation, including fees, conflicts, and product features
Exercise care and consider costs, risks, and reasonable alternatives before making recommendations
Identify and mitigate any conflicts of interest that could impair judgment
Maintain and follow robust compliance policies to ensure these standards are consistently met
The pending dispute with Nicolas Longpre may therefore raise additional concerns under Reg BI, particularly around potential conflicts of interest and disclosure lapses.
What Do Regulatory Records Reveal?
Our review of public records, including FINRA BrokerCheck, SEC, and state regulator filings, currently shows no formal regulatory actions, criminal cases, or prior arbitration awards against Nicolas Longpre, aside from the pending customer complaint detailed above. All required continuing education and license requirements appear current and in good standing. However, the significance of the present complaint cannot be understated—pending arbitration typically signals serious investor concern.
Potential Red Flags Investors Should Recognize
Pending suitability complaint seeking $750,000 in damages
Allegations of insufficient risk disclosure
Involvement in complex, potentially high-risk real estate securities
FINRA arbitration process underway, signaling the matter is unresolved
Potential questions under both Suitability Rule 2111 and Regulation Best Interest
If you invested in real estate securities or any other product with Nicolas Longpre—especially via Cambridge Investment Research, Inc.—and feel you did not receive adequate risk explanations or were sold products mismatched to your situation, you may have grounds for recovery.
Our Insider Experience—Your Advantage in a Recovery Case
As former Wall Street defense attorneys, we understand both the strategies financial institutions use to defend themselves and the pressure points where investors’ rights may be best protected. Our firm brings together 95+ years of combined securities law experience, a 98% success rate across hundreds of investor claims, and involvement in over $520 million in securities matters. We are recognized among the Top 2% of attorneys nationwide (Martindale-Hubbell AV Preeminent, Super Lawyers designated, and 5.0-star client reviewers). We handle every case on a “No Recovery, No Fee” basis—ensuring that our interests are always fully aligned with yours.
How to Protect Your Rights: Next Steps
We invite investors in California, and nationwide, to contact our attorneys for a complimentary review if you worked with Nicolas Longpre of Cambridge Investment Research, Inc. and have concerns. Whether your issue relates to unsuitable recommendations, misunderstood risks, unexplained losses, or if you simply want independent verification, our team stands ready to advocate for your recovery.
Free, confidential consultation by phone: 1-888-885-7162
Direct case evaluation by an experienced securities attorney
Personalized recovery roadmap—at no upfront cost
Your funds, your future, and your peace of mind matter. Take the next step for your recovery today.
