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FINRA Claim Filed against Centaurus Financial 

FINRA Claim Filed against Centaurus Financial featured by top securities fraud attorneys, The White Law Group

Lawsuit Alleges Unsuitable Investment Recommendations 

The White Law Group announces the filing of a FINRA Arbitration claim submitted on behalf of two California residents, alleging violation of common law fraud, breach of fiduciary duty, negligence, and negligent supervision.  The claim alleges that Centaurus Financial unsuitably invested its clients in a variety of complex, non-traded alternative investments, including the following: 

ARC Finance Trust  ARC Retail Centers of America  Griffin Capital Essential  Inland University Lofts  Mackenzie Realty Capital, Inc.  Moody Financial Fund II  Moody National REIT I  Moody National REIT II  Business Development Co of America  Griffin Healthcare The Parking REIT Inc/MVP/Mobile Infrastructure  Benefit Street Partners Realty  Capital Square/One Riverside Apts/Chattan Carter Validus Mission Critical/Sila Realty Trust Colorado Multifamily  Cottonwood Multifamily Opp Fund  Golden Eagle Griffin Capital South Beach  Moody Village One Phillips Edison Grocery Ctr REIT 1 Phillips Edison/PECO Pref Apt Comm (PAC) PREP Net Lease STIRA/Steadfast Apartment REIT Walton 4 Walton 5 

The FINRA claim seeks damages in an amount between $500,000 and $1,000,000. 

It is further alleged that the broker that was involved with the accounts at issue is Byron Martinsen. Before recommending an investment, a broker-dealer has a fiduciary duty to adequately disclose the risks involved in the investment and to perform the necessary due diligence to determine whether the investment is suitable for the investor. 

According to D. Daxton White, managing partner of The White Law Group, “It is possible that many more investors have suffered devastating losses due to the broker-dealers’ failure to supervise and don’t realize they have recovery options.”  Brokerage firms are required to supervise their brokers to ensure that they are complying with FINRA rules. If it can be determined that the financial advisor violated FINRA rules and the employers failed to adequately supervise him, these firms can be held responsible for any resulting losses in a FINRA arbitration claim.

FINRA Claims to Recover Investment Losses 

FINRA Dispute Resolution is an arbitration venue for investors with claims against their brokerage firm or financial professional. ?It provides investors with an opportunity to attempt to recoup their investment losses without filing such claims in court. 

 The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Seattle, Washington. 

For more information on The White Law Group and the lawsuit filed against Centaurus Financial, please contact the firm at 1-888-637-5510 or visit?https://whitesecuritieslaw.com 

Tags: , , Last modified: December 29, 2023