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WARNING! Investigation of DAMON WALKER – Solon, IA


WARNING! Investigation of DAMON WALKER – Solon, IA

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WARNING!  Investigation of DAMON WALKER – Solon, IA

Damon Walker from Solon, Iowa Subject of Iowa Insurance Commissioner Complaint


Have you lost money with financial advisor Damon Walker of Solon, Iowa?  We are investigating allegations made by Iowa Insurance Division against Damon Allan Walker. Iowa alleged that Walker made unsuitable investment recommendations when he recommended Oppenheimer Steelpath mutual funds to a customer.


Iowa alleged that Damon Walker recommended the Steelpath mutual funds, which are concentrated in energy (typically oil and gas) infrastructure with an emphasis on master limited partnerships (MLPs).  Iowa alleged that these funds may have additional risks because of the use of MLPs.  To settle these allegations, Walker paid $7,000 in restitution to the customer.


Damon Walker is a financial advisor and registered representative of Cambridge Investment Research from August 2010 to the present.  He worked at a branch office in Fairfield, Iowa.  Walker has also been the subject of at least two customer complaints.


Brokerage firms like Cambridge Investment Research have a responsibility to adequately supervise all representatives who are registered through their firm.  Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies.  When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.


Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Ann Arbor, Michigan; and Seattle, Washington.  We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Iowa. Attorney David Neuman represented numerous investors against DeWaay Capital Management, based out of Clive, Iowa.  Our attorneys have represented over one thousand investors against many brokerage firms in the past, including Cambridge Investment Research.


Click to view:  Walker, Damon Iowa Order

Click to view:  Walker, Damon BrokerCheck 10.10.18


If you lost money with Damon Walker or Cambridge Investment Research, please CONTACT US at 720-599-3505 for a free evaluation of your case.



Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency.  Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency.  All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact.  This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice.  Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis.  In contingent representation, clients may still be liable for costs.


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