Cambria Capital, LLC has agreed to pay a restitution of $48,435 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA).

From March 2019 through June 2021, Cambria charged an unfair commission on 255 transactions. During the same period, Cambria failed to establish and maintain a supervisory system, including written supervisory procedures (WSPs), reasonably designed to achieve compliance with FINRA Rule 2121.

As a result, Cambria violated FINRA Rules 2121, 3110, and 2010.

From April 2019 through August 2021, Cambria failed to establish and maintain a supervisory system, including WSPs, reasonably designed to achieve compliance with FINRA Rule 2111 and, beginning on June 30, 2020, the Care Obligation of Rule 15l-1 of the Securities Exchange Act of 1934 (Reg BI) with respect to excessive trading.

As a result, Cambria violated FINRA Rules 3110 and 2010, and from June 30, 2020 through August 2021, violated Reg BI’s Compliance Obligation and FINRA Rule 2010.

From April 2019 through March 2020, Cambria failed to establish and maintain a supervisory system, including WSPs, reasonably designed to achieve compliance with the suitability requirements of FINRA Rule 2111 in connection with recommendations of non-traditional and volatility-linked exchange-traded products (ETPs) in violation of FINRA Rules 3110 and 2010.

The firm has agreed to a censure and restitution in the amount of $48,435.763 plus interest.

Cambria has been a FINRA member since 2005, with its principal place of business in Salt Lake City, Utah. The firm has eight registered persons at one branch and is a full- service securities brokerage firm. On November 29, 2024, the firm filed a Form BDW terminating its registration with FINRA.