Written by The White Law Group• December 4, 2019• 7:03 pm• Blog, Current Investigations

Cindy Chiellini Broker Investigation

Financial Advisor Cindy Chiellini, Centaurus Financial in Lexington, SC

Are you concerned about investments with Cindy Chiellini in Lexington, SC? If so, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Dispute Resolution claim.

According to public records on the Financial Industry Regulatory Authority (FINRA) website, on September 25, the regulator reported the state of Colorado has initiated a regulatory action against Chiellini alleging “potential violations of §§ 11-51-410 (1)(g), and Commissioner Rule 51-4.7(B)(Unsuitability, Unfair and Dishonest Dealings).”

Chiellini reportedly disputes the allegations, stating “I vehemently deny any wrongdoing and assert that all of the allegations, to the extent that they relate to me or my activities, are completely without merit and I will vigorously defend this matter to the fullest extent of the law. None of the clients who reside in the State of Colorado have complained and all remain clients of the firm.”

According to her FINRA BrokerCheck report, Chiellini has reportedly affiliated with Centaurus Financial in Lexington since 2015. Prior to that, she was reportedly registered with JP Turner & Company for five years.

Chiellini reportedly has 29 customer complaints filed against her since 2016. Allegations include unsuitable investments, negligence and breach of fiduciary duty, among others.

Investigating Potential Lawsuits

The White Law Group is investigating potential lawsuits regarding the liability that Chiellini’s employers may have for failure to properly supervise her.

When brokers violate securities laws, such making unsuitable investments, the brokerage firm they are working with may be liable for investment losses through FINRA Arbitration. Brokerage firms that fail to monitor the business activities of their employees may be liable for investment losses due to negligent supervision for the misconduct of their employees.

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Franklin, Tennessee. We represent investors in FINRA arbitration claims in all 50 states, including South Carolina. Our attorneys have recovered millions of dollars from many brokerage firms in the past.