Centaurus Financial Inc. Investment Attorney
The attorneys at Gana Weinstein LLP represent clients who have suffered financial losses due to misconduct by their financial advisors and brokerage firms, such as Centaurus Financial Inc. (Centaurus). Among the claims that may be brought on behalf of a typical client includebreach of fiduciary duty, false representations, and unsuitable investments. Our firm can analyze a client’s trading activity to determine the extent of the losses and provide a consultation on the options available.
Centaurus Financial, Inc. is a independent broker/dealer licensed to offer securities, investment advisory services and insurance products. Founded in 1992, Centaurus claims that it was formed with a singular focus – to provide unparalleled service, support, technology, and education to independent financial advisers. Centaurus claims that it is a leading independent broker/dealer providing a platform for over 600 financial advisers and 350 branch office locations across the country.
Centaurus – By the Numbers:
- CRD# 30833
- SEC# 8-45185
- 9 Regulatory Events
- 6 Customer Complaints
- Total Revenues: $104 million – 2012
- Account Assets: $1.9 billion – 2012
- Number of Offices: 356
- Representatives: 702 - 2012
Centaurus – In the News:
FINRA v Centaurus Financial, Inc. – The Financial Industry Regulatory Authority (FINRA) fined Centaurus Financial, Inc. $175,000 concerning allegations that the firm failed to protect certain confidential customer information. Centaurus was also ordered to provide notifications to affected customers and their brokers and to offer these customers one year of credit monitoring at no cost. FINRA found that from April 2006 to July 2007, the firm failed to ensure that it safeguarded confidential customer information through an improperly configured computer firewall, an ineffective username and password, and permitted unauthorized persons to access stored images of faxes that included confidential customer information, such as social security numbers, account numbers, dates of birth and other sensitive, personal and confidential data.
FINRA v. Ralph Saviano – The Financial Industry Regulatory Authority (FINRA) barred broker Ralph Saviano (Saviano) from the securities industry after the broker failed to respond to FINRA’s requests for information. FINRA alleged that Saviano failed to report tax liens, a civil judgment, and a customer complaint involving the misuse of funds. During a routine investigation of Centaurus, FINRA allegedly discovered information regarding certain undisclosed liens, judgments, and possible customer loans. In June 2012, Centaurus filed a tip with FINRA disclosing that a customer had provided Saviano with a $66,000 cashier’s check made payable to Saviano. The transactions with the customer concerned a possible misuse or conversion of funds.
Our attorneys has successfully represented hundreds of investors in their broker disputes with their advisor firms. Our consultations are free and we welcome all inquiries.