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Rick Kuhlman, Senior Vice President and Chief Legal Officer at Cambridge, was elected by a majority of nearly 150 FINRA member firms.
FAIRFIELD, Iowa, March 10, 2025 — Cambridge Investment Research, Inc. (“Cambridge”), a firm providing financial solutions to 3,800 financial professionals across the country, announced that its SVP and Chief Legal Officer, Rick Kuhlman, has been elected to FINRA’s National Adjudicatory Council (NAC). The NAC is FINRA’s appellate body for disciplinary actions. Kuhlman won the large firm seat on the council with a majority vote from almost 150 FINRA member organizations. His appointment takes effect immediately.
The NAC is tasked with reviewing all disciplinary rulings made by FINRA hearing panels and adjudicates disciplinary cases that are appealed or called for review. The council also reviews matters of statutory disqualification, considers appeals related to membership proceedings, grants exemptions, and handles other proceedings as outlined in FINRA’s Code of Procedure.
“I am honored to be a part of the NAC and support its purpose,” said Kuhlman. “My professional experiences have instilled in me the belief that our industry flourishes when fairness and responsibility are prioritized. I am dedicated to bringing this viewpoint to the council, and I am eager to contribute to maintaining a reliable environment for advisors and their clients.”
Kuhlman joined Cambridge in 2019, where he is responsible for overseeing the Regulatory Affairs and Dispute Resolution Teams, in addition to the daily functions of the Legal Department. He offers guidance on relevant legal and regulatory matters for the company, with a focus on reducing risk, and aids in the growth of the company’s broker-dealer, insurance, and registered investment advisor businesses. Before joining Cambridge, Kuhlman spent over 25 years in private legal practice, focusing primarily on securities litigation, regulation, and enforcement. He has litigated cases in courts and before administrative bodies nationwide, including state and federal appellate courts, and the U.S. Supreme Court. Throughout his career, he has dealt with various administrative, disciplinary, and membership issues specific to the FINRA forum.
About Cambridge
Cambridge is a financial solutions company committed to serving independent financial professionals and their clientele, while maintaining its internal control. Cambridge provides independent financial professionals with a wide array of options pertaining to advice, growth, technology and independence solutions. Cambridge has a national footprint, comprising Cambridge Investment Research Advisors, Inc. – a large corporate RIA; and Cambridge Investment Research, Inc. – an independent broker-dealer, member FINRA/SIPC, and one of the largest internally controlled independent broker-dealers in the country. More information is available at .
Contact: Jeff Wulf, Senior Vice President, Cambridge: or 800-777-6080
SOURCE Cambridge