Broker Dealer Financial Services to Become OSJ for Cambridge Investment Research

Posted on August 27th, 2018 at 5:04 PM
Broker Dealer Financial Services to Become OSJ for Cambridge Investment Research

From the Desk of Jim Eccleston at Eccleston Law LLC:

Independent broker-dealer, Broker Dealer Financial Services, has announced that starting at the end of October its 150 reps and advisers will become a Cambridge Investment Research Office of Supervisory Jurisdiction (OSJ).

Broker Dealer Financial Services with $3.5 billion in assets and $20 million in annual revenue has been the latest pickup by Cambridge, one of the largest independent contractor firms in the United States.

Although the terms of the deal have not yet been disclosed, Broker Dealer Financial Services will become an enterprise branch, called a "Super OSJ."

The acquisition by Cambridge comes at a time when broker-dealers such as Broker Dealer Financial Services are looking to offload costs due to rising compliance and regulatory expenses.

Advisors seeking to transition to or from either firm should contact Eccleston Law to plan the transition.

The attorneys of Eccleston Law LLC represent investors and advisors nationwide in securities and employment matters. The securities lawyers at Eccleston Law also practice a variety of other areas of practice for financial investors and advisors including Securities FraudCompliance ProtectionBreach of Fiduciary DutyFINRA Matters, and much more. Our attorneys draw on a combined experience of nearly 65 years in delivering the highest quality legal services. If you are in need of legal services, contact us to schedule a one-on-one consultation today.

Related Attorneys: James J. Eccleston

Tags: james eccleston, eccleston law, eccleston law llc, eccleston, broker dealer financial services

Return to Archive



Thank you for your professional assistance with this matter. You are very good at what you do.

John T.


October 26, 2021
Former Advisor Fails To Reverse Bar After Alleged $1 Million Theft From RBC

A former RBC Wealth Management advisor lost his bid to reverse an industry bar, according to an appellate decision issued by the Financial Industry Regulatory Authority (FINRA).

October 25, 2021
Firms Walk Thin Regulatory Line In Referring Self-Directed Clients To Advisors

While online trading platforms have surged in popularity during the pandemic, brokerage firms view self-directed investors as a source of new clients.

October 22, 2021
TIAA Sues Former Advisors For Allegedly Soliciting Clients

Teachers Insurance and Annuity Association of America (TIAA) filed suit against three of its former Connecticut advisors for allegedly soliciting TIAA clients to join them at their new firm.