Matt Mitcham: Cambridge Advisor Fined by Alabama Securities Commission

Pell City, Alabama financial advisor Matt Mitcham (CRD# 5481389) is the subject of a regulatory action alleging that his conduct resulted in losses. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with Cambridge Investment Research.

Mr. Mitcham’s BrokerCheck report discloses the Alabama Securities Commission’s action against him. Filed in March 2025, it rose out of a “report regarding the possible mismanagement of investment funds.” A complaint filed by the Commission describes allegations that he “did not make timely trades in clients’ accounts, resulting in clients’ deposits being held in cash accounts for extended periods of times.” It also describes allegations that he did not timely inform his firm regarding the location and scope of an outside business activity. As a result of these findings, the Commission ordered him to cease and desist from further violations. It also ordered him to pay a fine of $15,000, as well as $10,000 in rescission to a client.

A second disclosure on his BrokerCheck report concerns his termination from Edward Jones. Filed in 2008, it states that the firm fired him in connection with allegations he entered “incorrect information into the firm’s systems” and worked “out of an unapproved branch location.”

The website for Mitcham Financial, which offers securities and advisory services through Cambridge Investment Research, includes a section describing the firm’s mission and services. “We are committed to maintaining the highest standards of integrity and professionalism in our relationship with you, our client,” it explains. “We endeavor to know and understand your financial situation and provide you with only the highest quality information, services, and products to help you pursue your goals.”

According to the Financial Industry Regulatory Authority, Matt Mitcham holds 17 years of securities industry experience. Based in Pell City, Alabama, he has been registered as a broker and an investment advisor with Cambridge Investment Research since 2022. His past registrations include Grove Point Investments (2008-2022), H. Beck (2010-2021), and Edward Jones (2008). His credentials include the passage of three securities industry qualifying exams: the Securities Industry Essentials Examination, or SIE; the General Securities Representative Examination, or Series 7; and the Uniform Combined State Law Examination, or Series 66. He is licensed in Alabama, California, Florida, Georgia, Kentucky, Michigan, Mississippi, North Carolina, Ohio, South Carolina, Tennessee, and Texas. (Information current as of April 13, 2025.)

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