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Detailed Report
KAREN GAYLE SHAPIRO
CRD#: 4969692
IA
Investment Adviser
B
Broker
CAMBRIDGE INVESTMENT RESEARCH ADVISORS, INC.CRD#: 134139 367 Route 120
Unit84
Lebanon, NH 03766
CAMBRIDGE INVESTMENT RESEARCH, INC.CRD#: 39543 324 Grove St.
Worcester, MA 01605
Registration History
201220142016201820202022202420262 FIRMS2022 - Present (2 years)BSECURITIES AMERICA, INC. (CRD# 10205)2017 - 2022 (5 years)BDSIL INVESTMENT SERVICES LLC (CRD# 30149)2012 - 2012 (<1 year)IATHE PATRIOT FINANCIAL GROUP, LLC (CRD# 172470)2019 - 2022 (2 years)IASECURITIES AMERICA ADVISORS, INC. (CRD# 110518)2017 - 2019 (2 years)
License(s)

State Registrations

B
Connecticut 6/27/2022
B
Ohio 1/2/2024
B
Florida 6/27/2022
B
Pennsylvania 6/27/2022
B
Massachusetts 6/27/2022
B
Texas 1/2/2025
IA
Massachusetts 7/19/2022
IA
Texas 1/2/2025
B
Michigan 6/27/2022
B
Vermont 6/27/2022
B
New Hampshire 6/27/2022
IA
Vermont 7/13/2022
IA
New Hampshire 7/11/2022
B
Wisconsin 1/2/2025

SRO Registrations

B
 FINRA

View Exams Passed by the individual in the detailed report

Learn about permitted activities of registered representatives

Learn about permitted activities of registered principals

Not all jurisdictions require IAR registration or may have an exemption from registration.
Current Registration(s)
IA
CAMBRIDGE INVESTMENT RESEARCH ADVISORS, INC. (CRD#:134139)
367 Route 120 Unit84, Lebanon, NH 03766
324 Grove St., Worcester, MA 01605
Registered with this firm since 7/7/2022
B
CAMBRIDGE INVESTMENT RESEARCH, INC. (CRD#:39543)
324 Grove St., Worcester, MA 01605
367 Route 120 Unit B4, Lebanon, NH 03766
Registered with this firm since 6/27/2022
Previous Registration(s)
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B
 02/16/2017 - 07/01/2022 SECURITIES AMERICA, INC. (CRD#:10205) SHREWSBURY, MA
IA
 07/02/2019 - 06/27/2022 THE PATRIOT FINANCIAL GROUP, LLC (CRD#:172470) Shrewsbury, MA
IA
 06/20/2017 - 08/28/2019 SECURITIES AMERICA ADVISORS, INC. (CRD#:110518) Welleseley Hills, MA
B
 04/11/2012 - 12/12/2012 DSIL INVESTMENT SERVICES LLC (CRD#:30149) NEW YORK, NY
For additional information about investment advisers or broker-dealers, please visit
www.investor.gov
B
Broker
A brokerage firm, also called a broker-dealer, is in the business of buying and selling securities – stocks, bonds, mutual funds, and certain other investment products – on behalf of its customer (as broker), for its own bank (dealer), or both. Individuals who work for broker-dealers - the sales personnel are commonly referred to as brokers.
IA
Investment Adviser
An investment adviser is paid for providing advice about securities to clients. In addition, some investment advisers manage investment portfolios and offer financial planning services.
Disclosures
Disclosures can be customer complaints or arbitrations, regulatory actions, employment terminations, bankruptcy filings and certain civil or criminal proceedings that they were a part of.