Category: Centaurus Financial

Did You Lose Money Because of Jon Rustad?

Filed: March 15, 2024

Jon Rustad (also known as Jan Sverre Rustad, Jan Rustad) has been the subject of two (2) customer complaints and one (1) judgment/lien event. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.

Let’s begin our Patil Law Advisor Alert with a summary report on Jon Sverre Rustad.

Who Is Jon Sverre Rustad of Centaurus Financial, Inc.?

• Advisor Name: Jon Sverre Rustad
• Aliases: Jan Sverre Rustad, Jan Rustad
• CRD: 2210391
• Location: Mesa, Arizona
• Current Employer: Centaurus Financial, Inc.
• Previous Firms: NPB Financial Group, LLC and Independent Financial Group, LLC
• Number of Known Customer Complaints: 2
• Number of Known Judgment/Lien Events: 1
• Can Jon Rustad Be Sued: Yes, in Private Arbitration
• Can Jon Rustad’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
• Highest Damages Allegation: $343,475
• Highest Settlement: $45,000

If you have suffered investment losses by Jon Rustad, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining an investment fraud lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.

Customer Complaints Filed Against Jon Rustad For Broker Misconduct

As of this publication date, Jon Rustad has been the subject of 2 customer disputes and 1 judgment/lien event. Let’s review them below.

In December 2022, a FINRA arbitration was filed against or in reference to Jon Rustad by multiple customers of Independent Financial Group, LLC alleging that the clients were overconcentrated in illiquid investments that were not suitable or in line with their stated objectives and risk tolerance. Per the customers, they lost over $343,475 because of Mr. Rustad’s actions. On February 15, 2024, Mr. Rustad settled the claim for $20,000, and some or all of this amount may have been paid by Mr. Rustad’s employer and/or insurance carrier.

In September 2022, Jon Rustad was the subject of a civil judgment or lien in the amount of $13,064.59. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor.

In August 2021, a FINRA arbitration was filed against or in reference to Jon Rustad by a customer of Independent Financial Group, LLC alleging that investments were not suitable. Per the customer, he/she lost over $325,000 because of Mr. Rustad’s actions. On September 22, 2022, Mr. Rustad settled the claim for $45,000, and some or all of this amount may have been paid by Mr. Rustad’s employer and/or insurance carrier.

How To File A Claim Against Jon Rustad of Centaurus Financial, Inc. (previously with NPB Financial Group, LLC and Independent Financial Group, LLC) To Get Your Money Back

If you have questions about Jon Rustad, Centaurus Financial, Inc., NPB Financial Group, LLC, Independent Financial Group, LLC, or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.

Did You Lose Money Because of William Dobbs?

Filed: March 14, 2024

William Dobbs currently has four (4) pending judgment/lien events. Overall, he has been the subject of nine (9) customer complaints, one (1) termination event, and four (4) judgment/lien events. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.

Let’s begin our Patil Law Advisor Alert with a summary report on William Dale Dobbs.

Who Is William Dale Dobbs of Centaurus Financial, Inc.?

• Advisor Name: William Dale Dobbs
• Aliases: William Dobbs
• CRD: 1064156
• Location: Clinton, Tennessee
• Current Employer: Centaurus Financial, Inc.
• Previous Firms: Metlife Securities Inc. and Metropolitan Life Insurance Company
• Number of Known Customer Complaints: 9
• Number of Known Termination Events: 1
• Number of Known Judgment/Lien Events: 4
• Can William Dobbs Be Sued: Yes, in Private Arbitration
• Can William Dobbs’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
• Highest Damages Allegation: $500,000
• Highest Settlement: $70,000

If you have suffered investment losses by William Dobbs, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a breach of fiduciary duty lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.

Customer Complaints Filed Against William Dobbs For Broker Misconduct

As of this publication date, William Dobbs has been the subject of 9 customer disputes, 1 termination event, and 4 judgment/lien events. Let’s review them below.

In February 2024, William Dobbs was the subject of a civil judgment or lien in the amount of $25,238.18. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor.

In September 2023, a FINRA arbitration was filed against or in reference to William Dobbs by a customer of Centaurus Financial, Inc. alleging that in May 2017, Mr. Dobbs recommended a speculative, high-risk, illiquid investment and breached his fiduciary duty. Per the customer, he/she lost over $50,000 because of Mr. Dobbs’s actions. On January 23, 2024, Mr. Dobbs settled the claim for $12,000, and some or all of this amount may have been paid by Mr. Dobbs’s employer and/or insurance carrier.

In August 2023, William Dobbs was the subject of a civil judgment or lien in the amount of $2,800.85. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor.

In April 2023, a FINRA arbitration was filed against or in reference to William Dobbs by a customer of Centaurus Financial, Inc. alleging that Mr. Dobbs recommended a high-risk, speculative and illiquid investment. Per the customer, he/she lost over $50,000 because of Mr. Dobbs’s actions. On January 8, 2024, Mr. Dobbs settled the claim for $17,800, and some or all of this amount may have been paid by Mr. Dobbs’s employer and/or insurance carrier.

In January 2023, a FINRA arbitration was filed against or in reference to William Dobbs by a customer of Centaurus Financial, Inc. alleging that Mr. Dobbs recommended an unsuitable investment. On January 8, 2024, Mr. Dobbs settled the claim for $35,000, and some or all of this amount may have been paid by Mr. Dobbs’s employer and/or insurance carrier.

In November 2021, William Dobbs was the subject of a civil judgment or lien in the amount of $30,480.43. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor.

In February 2021, a FINRA arbitration was filed against or in reference to William Dobbs by a customer of Centaurus Financial, Inc. alleging that during the period 2013 through February 2021, Mr. Dobbs recommended high risk and illiquid investments. Per the customer, he/she lost over $500,000 because of Mr. Dobbs’s actions. On June 13, 2022, Mr. Dobbs settled the claim for $59,900, and some or all of this amount may have been paid by Mr. Dobbs’s employer and/or insurance carrier.

In January 2016, William Dobbs was the subject of a civil judgment or lien in the amount of $32,133.65. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor.

In January 2010, a complaint was filed against or in reference to William Dobbs by a customer of Metlife Securities alleging that Mr. Dobbs provided false information on features of the variable life insurance policy purchased in December 2007. Per the customer, he/she lost over $15,989.28 because of Mr. Dobbs’s actions.

In December 2009, a complaint was filed against or in reference to William Dobbs by multiple customers of Metlife Securities alleging that Mr. Dobbs misrepresented the premium requirements on the variable life insurance policies purchased in August and September of 2007. Per the customers, they lost over $16,856.63 because of Mr. Dobbs’s actions.

In January 2009, a FINRA arbitration was filed against or in reference to William Dobbs by a customer of Metlife alleging that Mr. Dobbs failed to establish a stop loss on her accounts which has caused her to realize a greater loss than what was previously agreed. a customer opened a mutual fund account and a variable annuity in April 2008 and a variable life insurance policy in June 2008. On February 22, 2011, Mr. Dobbs settled the claim for $50,000, and some or all of this amount may have been paid by Mr. Dobbs’s employer and/or insurance carrier.

In December 2008, Metlife Securities terminated William Dobbs after admitting to accessing confidential account information without authorization, in violation of company policy.

In June 2003, a complaint was filed against or in reference to William Dobbs by multiple customers of Metlife alleging that they were misled, misadvised, and misinformed regarding the variable survivorship life insurance policy they purchased in September 2000 and that the policy was inappropriate. Per the customers, they lost over $97,918 because of Mr. Dobbs’s actions.

In May 2002, a complaint was filed against or in reference to William Dobbs by multiple customers of Sunset Financial Services, Inc. alleging negligence, negligent misrepresentation, breach of fiduciary duty, unfair business practices, breach of contract, and fraud with regard to insurance they were sold in 1997. Per the customers, they lost over $250,000 because of Mr. Dobbs’s actions. On February 25, 2004, Mr. Dobbs settled the claim for $70,000, and some or all of this amount may have been paid by Mr. Dobbs’s employer and/or insurance carrier.

How To File A Claim Against William Dobbs of Centaurus Financial, Inc. (previously with Metlife Securities Inc. and Metropolitan Life Insurance Company) To Get Your Money Back

If you have questions about William Dobbs, Centaurus Financial, Inc., Metlife Securities Inc., Metropolitan Life Insurance Company, or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.

Did You Lose Money Because of Debbie Cavanaugh?

Filed: March 11, 2024

Debbie Cavanaugh (also known as Debbie Lee Cavanaugh, Debbie Mckenna Cavanaugh, Debbie M Cavanaugh, Debbie Mckenna Little, Debbie Lee Mckenna, Debbie Mckenna, Debbie Lee Mckennacavanaugh) currently has one (1) pending customer complaint and one (1) pending regulatory event. Overall, he has been the subject of two (2) customer complaints and one (1) regulatory event. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.

Let’s begin our Patil Law Advisor Alert with a summary report on Debbie Leemckenna Cavanaugh.

Who Is Debbie Leemckenna Cavanaugh of Centaurus Financial, Inc.?

• Advisor Name: Debbie Leemckenna Cavanaugh
• Aliases: Debbie Lee Cavanaugh, Debbie Mckenna Cavanaugh, Debbie M Cavanaugh, Debbie Mckenna Little, Debbie Lee Mckenna, Debbie Mckenna, Debbie Lee Mckennacavanaugh
• CRD: 1268420
• Location: Kalispell, Montana
• Current Employer: Centaurus Financial, Inc.
• Previous Firms: Independent Financial Group, LLC and Securities America, Inc.
• Number of Known Customer Complaints: 2
• Number of Known Regulatory Events: 1
• Can Debbie Cavanaugh Be Sued: Yes, in Private Arbitration
• Can Debbie Cavanaugh’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
• Highest Damages Allegation: $780,990
• Highest Settlement: $60,000

If you have suffered investment losses by Debbie Cavanaugh, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining an investment fraud lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.

Customer Complaints Filed Against Debbie Cavanaugh For Broker Misconduct

As of this publication date, Debbie Cavanaugh has been the subject of 2 customer disputes. Let’s review them below.

In August 2023, United States Securities and Exchange Commission initiated a regulatory action against or in reference to Debbie Cavanaugh for allegedly potentially violating Rule 151-1(a) of the Securities Exchange Act of 1934, known as Regulation Best Interest, by failing to comply with the Care Obligation found in Rule 151-1(a)(2)(ii).

In February 2023, a FINRA arbitration was filed against or in reference to Debbie Cavanaugh by a customer of Independent Financial Group, LLC alleging that an investment was not suitable. Per the customer, he/she lost over $50,000 because of Ms. Cavanaugh’s actions. As of this publication date, this claim remains pending.

In January 2011, a FINRA arbitration was filed against or in reference to Debbie Cavanaugh by a customer of Securities America, Inc. alleging unsuitability, breach of fiduciary duty and misrepresentation. Per the customer, he/she lost over $780,990 because of Ms. Cavanaugh’s actions. On March 7, 2012, Ms. Cavanaugh settled the claim for $60,000, and some or all of this amount may have been paid by Ms. Cavanaugh’s employer and/or insurance carrier.

How To File A Claim Against Debbie Cavanaugh of Centaurus Financial, Inc. (previously with Independent Financial Group, LLC and Securities America, Inc.) To Get Your Money Back

If you have questions about Debbie Cavanaugh, Centaurus Financial, Inc., Independent Financial Group, LLC, Securities America, Inc., or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.

Did You Lose Money Because of Richard DePalma?

Filed: March 6, 2024

Richard DePalma (also known as Richard George Hubert, Richard Hubert) currently has one (1) pending customer complaint. Overall, he has been the subject of one (1) customer complaint. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.

Let’s begin our Patil Law Advisor Alert with a summary report on Richard George Hubert DePalma.

Who Is Richard George Hubert DePalma of Centaurus Financial, Inc.?

• Advisor Name: Richard George Hubert DePalma
• Aliases: Richard George Hubert, Richard Hubert
• CRD: 4517536
• Location: Erie, Pennsylvania
• Current Employer: Centaurus Financial, Inc.
• Previous Firms: Transamerica Financial Advisors, Inc. and American General Securities Incorporated
• Number of Known Customer Complaints: 1
• Can Richard DePalma Be Sued: Yes, in Private Arbitration
• Can Richard DePalma’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
• Highest Damages Allegation: Unknown
• Highest Settlement: Unknown

If you have suffered investment losses by Richard DePalma, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a stockbroker fraud lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.

Customer Complaints Filed Against Richard DePalma For Broker Misconduct

As of this publication date, Richard DePalma has been the subject of 1 customer dispute. Let’s review it below.

In April 2023, a FINRA arbitration was filed against or in reference to Richard DePalma by a customer of Centaurus Financial, Inc. alleging that in March 2020 and May 2020, Mr. DePalma misrepresented and recommended unsuitable, high-risk, speculative and illiquid investments. As of this publication date, this claim remains pending.

How To File A Claim Against Richard DePalma of Centaurus Financial, Inc. (previously with Transamerica Financial Advisors, Inc. and American General Securities Incorporated) To Get Your Money Back

If you have questions about Richard DePalma, Centaurus Financial, Inc., Transamerica Financial Advisors, Inc., American General Securities Incorporated, or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.

Did You Lose Money Because of Mike DiPietro?

Filed: March 4, 2024

Michael DiPietro (also known as Mike Dipietro) currently has one (1) pending customer complaint. Overall, he has been the subject of two (2) customer complaints and one (1) regulatory event. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.

Let’s begin our Patil Law Advisor Alert with a summary report on Michael Albert DiPietro.

Who Is Michael Albert DiPietro?

• Advisor Name: Michael Albert DiPietro
• Aliases: Mike Albert Dipietro, Michael Dipietro
• CRD: 2811047
• Location: Pasadena, California
• Current Employer: Currently Not Registered
• Previous Firms: Centaurus Financial, Inc. and Transamerica Financial Advisors, Inc.
• Number of Known Customer Complaints: 2
• Number of Known Regulatory Events: 1
• Can Michael DiPietro Be Sued: Yes, in Private Arbitration
• Can Michael DiPietro’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
• Highest Damages Allegation: $2,199,991.92
• Highest Settlement: $550,000

If you have suffered investment losses by Michael DiPietro, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a breach of fiduciary duty lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.

Customer Complaints Filed Against Mike DiPietro For Broker Misconduct

As of this publication date, Michael DiPietro has been the subject of 2 customer disputes. Let’s review them below.

In April 2023, a FINRA arbitration was filed against or in reference to Michael DiPietro by multiple customers of Centaurus Financial, Inc. alleging that Mr. DiPietro misrepresented speculative, high-risk investments. Per the customers, they lost over $100,000 because of Mr. DiPietro’s actions. As of this publication date, this claim remains pending.

In October 2014, FINRA initiated a regulatory action against or in reference to Michael DiPietro failed to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance.

In October 2012, a FINRA arbitration was filed against or in reference to Michael DiPietro by a customer of First Allied Securities, Inc. alleging violation of federal securities law, violations of California securities laws, California unfair, unlawful, and fraudulent business practices, violations of the securities act of Arizona, violations of the Arizona consumer fraud act, violations of the Arizona insurance code provisions prohibiting unfair practices and fraud, breach of contract, common law fraud, breach of fiduciary duty, and negligence and gross negligence from March 2008 to December 2008. Per the customer, he/she lost over $2,199,991.92 because of Mr. DiPietro’s actions. On December 23, 2013, Mr. DiPietro settled the claim for $550,000, and some or all of this amount may have been paid by Mr. DiPietro’s employer and/or insurance carrier.

How To File A Claim Against Mike DiPietro (previously with Centaurus Financial, Inc. and Transamerica Financial Advisors, Inc.) To Get Your Money Back

If you have questions about Mike DiPietro, Centaurus Financial, Inc., Transamerica Financial Advisors, Inc., or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.

Did You Lose Money Because of Fera Shivaee?

Filed: March 4, 2024

Fera Shivaee (also known as Fereshteh Shivaee) currently has one (1) pending customer complaint. Overall, Shivaee has been the subject of two (2) customer complaints. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.

Let’s begin our Patil Law Advisor Alert with a summary report on Fera Shivaee.

Who Is Fera Shivaee of Centaurus Financial, Inc.?

• Advisor Name: Fera Shivaee
• Aliases: Fereshteh Fera, Fereshteh Nahavandi, Fereshteh Shivaee
• CRD: 2271590
• Location: Laguna Niguel, California
• Current Employer: Centaurus Financial, Inc.
• Previous Firms: Sunamerica Securities, Inc. and Finance 500, Inc.
• Number of Known Customer Complaints: 2
• Can Fera Shivaee Be Sued: Yes, in Private Arbitration
• Can Fera Shivaee’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
• Highest Damages Allegation: $1,000,862
• Highest Settlement: Unknown

If you have suffered investment losses by Fera Shivaee, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a stockbroker fraud lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.

Customer Complaints Filed Against Fera Shivaee For Broker Misconduct

As of this publication date, Fera Shivaee has been the subject of 2 customer disputes. Let’s review them below.

In September 2023, a FINRA arbitration was filed against or in reference to Fera Shivaee by a customer of Centaurus Financial, Inc. alleging that that in early 2020, Shivaee recommended unsuitable, complex, high-risk, illiquid investment and breached her fiduciary duty. Per the customer, she lost over $100,000 because of Shivaee’s actions. As of this publication date, this claim remains pending.

In October 2013, a FINRA arbitration was filed against or in reference to Fera Shivaee by a customer of Centaurus Financial, Inc. alleging unsuitability, breach of fiduciary duty of loyalty, negligence, failure to do due diligence, negligent misrepresentation, breach of contract, material omissions, and misrepresentations, securities fraud, fraud based on concealment, and violations of FINRA rules and regulations regarding the sale of securities. Per the customer, he/she lost over $1,000,862 because of Shivaee’s actions.

How To File A Claim Against Fera Shivaee of Centaurus Financial, Inc. (previously with Sunamerica Securities, Inc. and Finance 500, Inc.) To Get Your Money Back

If you have questions about Fera Shivaee, Centaurus Financial, Inc., Sunamerica Securities, Inc., Finance 500, Inc., or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.

Did You Lose Money Because of Valentino Scott?

Filed: March 4, 2024

Valentino Scott currently has three (3) pending customer complaints. Overall, he has been the subject of one (1) regulatory event, one (1) termination event, and thirteen (13) customer complaints. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.

Let’s begin our Patil Law Advisor Alert with a summary report on Valentino Michael Scott.

Who Is Valentino Michael Scott of Centaurus Financial, Inc.?

• Advisor Name: Valentino Michael Scott
• Aliases: Valentino Scott
• CRD: 1497615
• Location: West Hills, California
• Current Employer: Centaurus Financial, Inc.
• Previous Firms: Montano Securities Corporation and Fortis Investors, Inc.
• Number of Known Customer Complaints: 13
• Number of Known Regulatory Events: 1
• Number of Known Termination Events: 1
• Can Valentino Scott Be Sued: Yes, in Private Arbitration
• Can Valentino Scott’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
• Highest Damages Allegation: $500,000
• Highest Settlement: $110,000

If you have suffered investment losses by Valentino Scott, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a breach of fiduciary duty lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.

Customer Complaints Filed Against Valentino Scott For Broker Misconduct

As of this publication date, Valentino Scott has been the subject of 1 regulatory event, 1 termination event, and 13 customer disputes. Let’s review them below.

In January 2024, a FINRA arbitration was filed against or in reference to Valentino Scott by a customer of Centaurus Financial, Inc. alleging that specifically in January of 2019, Mr. Scott recommended an unsuitable, high-risk, speculative, and illiquid investment. Per the customer, he/she lost over $50,000 because of Mr. Scott’s actions. As of this publication date, this claim remains pending.

In October 2023, a FINRA arbitration was filed against or in reference to Valentino Scott by a customer of Centaurus Financial, Inc. alleging that Mr. Scott recommended unsuitable, high-risk, speculative and illiquid investments, and breached his fiduciary duty. Per the customer, he/she lost over $298,000 because of Mr. Scott’s actions. As of this publication date, this claim remains pending.

In July 2023, a FINRA arbitration was filed against or in reference to Valentino Scott by a customer of Centaurus Financial, Inc. alleging that Mr. Scott recommended a risky, high yield, complex, and illiquid investment. Per the customer, he/she lost over $25,000 because of Mr. Scott’s actions. On December 11, 2023, Mr. Scott settled the claim for $13,999, and some or all of this amount may have been paid by Mr. Scott’s employer and/or insurance carrier.

In June 2023, a FINRA arbitration was filed against or in reference to Valentino Scott by multiple customers of Centaurus Financial, Inc. alleging that Mr. Scott recommended an unsuitable, high-risk and illiquid investment. Per the customers, they lost over $250,000 because of Mr. Scott’s actions. As of this publication date, this claim remains pending.

In February 2023, a FINRA arbitration was filed against or in reference to Valentino Scott by a customer of Centaurus Financial, Inc. alleging that Mr. Scott misrepresented and mishandled the investment. Per the customer, he/she lost over $40,000 because of Mr. Scott’s actions. On January 29, 2024, Mr. Scott settled the claim for $14,500, and some or all of this amount may have been paid by Mr. Scott’s employer and/or insurance carrier.

In July 2022, a FINRA arbitration was filed against or in reference to Valentino Scott by multiple customers of Centaurus Financial, Inc. alleging that Mr. Scott misrepresented an unsuitable investment. On July 20, 2023, Mr. Scott settled the claim for $92,500, and some or all of this amount may have been paid by Mr. Scott’s employer and/or insurance carrier.

In March 2022, a FINRA arbitration was filed against or in reference to Valentino Scott by multiple customers of Centaurus Financial, Inc. alleging that during the period October 2013 to the present, Mr. Scott made poor recommendations, misrepresented and over concentrated the customers accounts in unsuitable, illiquid, and risky investments. On August 22, 2023, Mr. Scott settled the claim for $70,500, and some or all of this amount may have been paid by Mr. Scott’s employer and/or insurance carrier.

In March 2020, a FINRA arbitration was filed against or in reference to Valentino Scott by a customer of Centaurus Financial, Inc. alleging that during the period 2014 through 2020, Mr. Scott recommended and over concentrated their account(s) in unsuitable investments. Per the customer, he/she lost over $500,000 because of Mr. Scott’s actions. On May 26, 2022, Mr. Scott settled the claim for $110,000, and some or all of this amount may have been paid by Mr. Scott’s employer and/or insurance carrier.

In November 2010, a FINRA arbitration was filed against or in reference to Valentino Scott by a customer of Centaurus Financial, Inc. alleging that death benefit was misrepresented on variable annuity policies purchased in 1999. Per the customer, he/she lost over $120,000 because of Mr. Scott’s actions. An arbitration panel found that Valentino Scott was negligent and awarded $39,916 in favor of the customers.

In June 2008, a complaint was filed against or in reference to Valentino Scott by a customer of Centaurus Financial, Inc. alleging that Mr. Scott sold the customer inappropriate class of mutual funds and failed to disclose loss in selling GNMA securities. Per the customer, he/she lost over $10,000 because of Mr. Scott’s actions.

In May 2008, a complaint was filed against or in reference to Valentino Scott by a customer of Centaurus Financial, Inc. alleging that the client purchased a variable annuity that was not suitable, certain product features were misrepresented and Mr. Scott failed to reallocate sub accounts to a more conservative position as expressed by the customer. Per the customer, he/she lost over $35,120 because of Mr. Scott’s actions.

In January 2008, a complaint was filed against or in reference to Valentino Scott by a customer of Centaurus Financial, Inc. alleging that the client was unaware of fees for 7% income rider, and alleges he was not aware that the investment was a variable annuity. Per the customer, he lost over $5,000 because of Mr. Scott’s actions.

In November 2002, a complaint was filed against or in reference to Valentino Scott by a customer of Centaurus Financial, Inc. alleging that the client was uninformed as to surrender charge and holding period of contract with Manulife Financial, Inc. – Venture III. Per the customer, he/she lost over $15,091 because of Mr. Scott’s actions.

In June 1988, Prudential Insurance Company of America terminated Valentino Scott for lack of faith.

In July 1987, California Department of Insurance initiated a regulatory action against or in reference to Valentino Scott for improper use of money collected from insureds.

How To File A Claim Against Valentino Scott of Centaurus Financial, Inc. (previously with Montano Securities Corporation and Fortis Investors, Inc.) To Get Your Money Back

If you have questions about Valentino Scott, Centaurus Financial, Inc., Montano Securities Corporation, Fortis Investors, Inc., or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.

Did You Lose Money Because of Bill Fuentes?

Filed: March 4, 2024

William Fuentes (also known as Bill Fuentes and Wilfredo Fuentes) has been the subject of one (1) termination event and one (1) customer complaint. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.

Let’s begin our Patil Law Advisor Alert with a summary report on William Fuentes.

Who Is William Fuentes of Centaurus Financial, Inc.?

• Advisor Name: William Fuentes
• Aliases: Bill Fuentes, Wilfredo Fuentes
• CRD: 1330327
• Location: Simi Valley, California
• Current Employer: Centaurus Financial, Inc.
• Previous Firms: Questar Capital Corporation, First Allied Securities, Inc., and National Planning Corporation
• Number of Known Customer Complaints: 1
• Number of Known Termination Events: 1
• Can William Fuentes Be Sued: Yes, in Private Arbitration
• Can William Fuentes’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
• Highest Damages Allegation: $5,000
• Highest Settlement: Unknown

If you have suffered investment losses by William Fuentes, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a churning lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.

Customer Complaints Filed Against Bill Fuentes For Broker Misconduct

As of this publication date, William Fuentes has been the subject of 1 termination event and 1 customer dispute. Let’s review them below.

In May 2013, Royal Alliance Associates, Inc. permitted William Fuentes to resign during review regarding submission of certain variable annuity business.

In August 2001, a complaint was filed against or in reference to William Fuentes by a customer of First Union Securities alleging that Mr. Fuentes did not inform the client of a 3 year surrender penalty regarding the 5/24/01 purchase of Hartford Annuity Contract. Per the customer, he/she lost over $5,000 because of Mr. Fuentes’s actions.

How To File A Claim Against Bill Fuentes of Centaurus Financial, Inc. (previously with Questar Capital Corporation, First Allied Securities, Inc., and National Planning Corporation) To Get Your Money Back

If you have questions about Bill Fuentes, Centaurus Financial, Inc., Questar Capital Corporation, First Allied Securities, Inc., National Planning Corporation, or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.

Did You Lose Money Because of Joseph (Michael) Todd?

Filed: March 4, 2024

Joseph Todd (also known as Michael Todd) currently has thirteen (13) pending customer complaints. Overall, he has been the subject of eighteen (18) customer complaints, two (2) regulatory events, one (1) civil event, and one (1) termination event. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.

Let’s begin our Patil Law Advisor Alert with a summary report on Joseph Michael Todd.

Who Is Joseph Michael Todd?

• Advisor Name: Joseph Michael Todd
• Aliases: Michael Todd
• CRD: 1830390
• Location: Crystal River, Florida
• Current Employer: No Longer Allowed to Practice in the Securities Industry
• Previous Firms: Centaurus Financial, Inc., Investors Capital Corp., and Edward Jones
• Number of Known Customer Complaints: 18
• Number of Known Regulatory Events: 2
• Number of Known Civil Events: 1
• Number of Known Termination Events: 1
• Can Joseph Todd Be Sued: Yes, in Private Arbitration
• Can Joseph Todd’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
• Highest Damages Allegation: $900,000
• Highest Settlement: $615,625.72

If you have suffered investment losses by Joseph Todd, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining an investment fraud lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.

Customer Complaints Filed Against Joseph (Michael) Todd For Broker Misconduct

As of this publication date, Joseph Todd has been the subject of 18 customer disputes, 2 regulatory events, 1 civil event, and 1 termination event. Let’s review them below.

In January 2024, a FINRA arbitration was filed against or in reference to Joseph Todd by a customer of Centaurus Financial, Inc. alleging that in December of 2020, Mr. Todd recommended an unsuitable investment. Per the customer, she lost over $50,000 because of Mr. Todd’s actions. As of this publication date, this claim remains pending.

In December 2023, a FINRA arbitration was filed against or in reference to Joseph Todd by a customer of Centaurus Financial, Inc. alleging that Mr. Todd misappropriated her funds. Per the customer, he/she lost over $170,000 because of Mr. Todd’s actions. As of this publication date, this claim remains pending.

In November 2023, a FINRA arbitration was filed against or in reference to Joseph Todd by a customer of Centaurus Financial, Inc. alleging that Mr. Todd recommended and sold outside products that were unsuitable. Per the customer, he/she lost over $138,000 because of Mr. Todd’s actions. As of this publication date, this claim remains pending.

In October 2023, a FINRA arbitration was filed against or in reference to Joseph Todd by a customer of Centaurus Financial, Inc. alleging that Mr. Todd absconded with his funds. Per the customer, he lost over $300,000 because of Mr. Todd’s actions. As of this publication date, this claim remains pending.

In August 2023, a FINRA arbitration was filed against or in reference to Joseph Todd by multiple customers of Centaurus Financial, Inc. alleging that Mr. Todd absconded with their funds. Per the customers, they lost over $492,000 because of Mr. Todd’s actions. As of this publication date, this claim remains pending.

In August 2023, the United State Securities and Exchange Commission initiated a regulatory event against or in reference to Joseph Todd for allegedly misappropriating investor funds, falsely stating to investors that their funds would be invested in securities, sending out false account statements indicating that investors’ funds were fully invested and earning returns, and otherwise engaging in a variety of conduct which operated as a fraud and deceit on investors.

In July 2023, a FINRA arbitration was filed against or in reference to Joseph Todd by a customer of Centaurus Financial, Inc. alleging that Mr. Todd absconded with her funds and never invested the money. It is worthy to note that Centaurus is unable to verify that the claimant was a client of Centaurus. Per the customer, she lost over $99,500 because of Mr. Todd’s actions. As of this publication date, this claim remains pending.

In July 2023, United State Securities and Exchange Commission initiated a civil event against or in reference to Joseph Todd for allegedly engaging in a fraudulent scheme and misappropriated at least $3 million from at least 20 customers of “Broker A,” a dually registered broker-dealer and investment adviser that employed Todd as a registered representative.

In July 2023, a FINRA arbitration was filed against or in reference to Joseph Todd by a customer of Centaurus Financial, Inc. alleging that during the period of August 2021 through July 2022, Mr. Todd improperly exercised discretion and engaged in unauthorized trading in unsuitable, illiquid and high-risk investments. Per the customer, she lost over $900,000 because of Mr. Todd’s actions. As of this publication date, this claim remains pending.

In June 2023, a FINRA arbitration was filed against or in reference to Joseph Todd by multiple customers of Centaurus Financial, Inc. alleging that during the period of March 2018 through September 2022, Mr. Todd improperly exercised discretion and engaged in unauthorized trading in unsuitable and high-risk investments. As of this publication date, this claim remains pending.

In June 2023, a FINRA arbitration was filed against or in reference to Joseph Todd by a customer of Centaurus Financial, Inc. alleging that in June 2022, Mr. Todd misappropriated funds. Per the customer, he/she lost over $152,400 because of Mr. Todd’s actions.  As of this publication date, this claim remains pending.

In June 2023, a FINRA arbitration was filed against or in reference to Joseph Todd by a customer of Centaurus Financial, Inc. alleging that during the period of 2019 and 2021, Mr. Todd improperly recommended high risk and an illiquid investment and misappropriated funds. Per the customer, he/she lost over $238,000 because of Mr. Todd’s actions. As of this publication date, this claim remains pending.

In June 2023, a FINRA arbitration was filed against or in reference to Joseph Todd by a customer of Centaurus Financial, Inc. alleging that in March 2019, Mr. Todd misrepresented unsuitable, high risk, high commission and illiquid Alternative Investments. Per the customer, she lost over $100,001 because of Mr. Todd’s actions. As of this publication date, this claim remains pending.

In June 2023, a FINRA arbitration was filed against or in reference to Joseph Todd by a customer of Centaurus Financial, Inc. alleging that in July of 2019, Mr. Todd misrepresented a non-profit organization and engaged in undisclosed outside business activities. Per the customer, she lost over $100,000 because of Mr. Todd’s actions. As of this publication date, this claim remains pending.

In April 2023, FINRA initiated a regulatory event against or in reference to Joseph Todd for failing to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance.

In March 2023, a FINRA arbitration was filed against or in reference to Joseph Todd by a customer of Centaurus Financial, Inc. alleging that during August 2021 through July 2022, Mr. Todd incorrectly exercised trading discretion and recommended illiquid investments. Per the customer, he/she lost over $130,000 because of Mr. Todd’s actions. As of this publication date, this claim remains pending.

In January 2023, a FINRA arbitration was filed against or in reference to Joseph Todd by a customer of Centaurus Financial, Inc. alleging that during the period of 2020 through July 2022, Mr. Todd misrepresented illiquid, high risk and unsuitable investments and stole funds that were supposed to have been invested in safe, liquid fixed income securities. On September 1, 2023, Mr. Todd settled the claim for $615,625.72, and some or all of this amount may have been paid by Mr. Todd’s employer and/or insurance carrier.

In December 2022, a FINRA arbitration was filed against or in reference to Joseph Todd by a customer of Investors Capital Corp.and Centaurus Financial, Inc. alleging that during 2014 through July 2022, Mr. Todd misrepresented illiquid, high risk and unsuitable investments and stole funds that were supposed to have been invested in safe, liquid fixed income securities. Per the customer, he/she lost over $16,500 because of Mr. Todd’s actions. On November 10, 2023, Mr. Todd settled the claim for $10,000, and some or all of this amount may have been paid by Mr. Todd’s employer and/or insurance carrier.

In July 2022, Centaurus Financial, Inc. terminated Joseph Todd while under investigation of whether Mr. Todd violated Firm policy and industry rules with respect to an allegation of selling away and the receipt of customer funds. The Registered Representative has not cooperated with the investigation. The investigation is ongoing.

In May 2022, a FINRA arbitration was filed against or in reference to Joseph Todd by a customer of Centaurus Financial, Inc. alleging outside business activities, selling away and private securities transactions; unsuitable investments and negligent account management; negligence and negligent supervision; bogus statement summaries; conversion; violations of the Florida Securities Act; sale of unregistered and non-exempt securities; breach of fiduciary duty and constructive fraud; violations of FINRA Conduct Rules and NYSE Board Rules; violations of statutes and industry rules related to senior investors, elderly persons, and disabled adults; and respondeat superior. Per the customer, he/she lost over $500,000 because of Mr. Todd’s actions. This award has not been paid by or on behalf of Todd as of April 25, 2023.

In August 2008, a complaint was filed against or in reference to Joseph Todd by a customer of Edward Jones alleging misappropriation. Per the customer, she lost over $26,000 because of Mr. Todd’s actions.

In March 2001, a complaint was filed against or in reference to Joseph Todd by multiple customers of Invest Financial Corp. alleging that Mr. Todd misrepresented the surrender period of annuity and failed to provide a contract in a timely fashion. Per the customers, they lost over $9,608.66 because of Mr. Todd’s actions. On April 11, 2001, Mr. Todd settled the claim for $9,608.66, and some or all of this amount may have been paid by Mr. Todd’s employer and/or insurance carrier.

How To File A Claim Against Joseph (Michael) Todd (previously with Centaurus Financial, Inc., Investors Capital Corp., and Edward Jones) To Get Your Money Back

If you have questions about Joseph Todd, Centaurus Financial, Inc., Investors Capital Corp., Edward Jones, or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.

Did You Lose Money Because of Mark Reisbord?

Filed: March 4, 2024

Mark Reisbord has been the subject of two (2) customer complaints. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.

Let’s begin our Patil Law Advisor Alert with a summary report on Mark Jeffrey Reisbord.

Who Is Mark Jeffrey Reisbord of Centaurus Financial, Inc.?

• Advisor Name: Mark Jeffrey Reisbord
• Aliases: Mark Reisbord
• CRD: 1017607
• Location: Montgomery, Texas
• Current Employer: Centaurus Financial, Inc.
• Previous Firms: Ellis-Reisbord Financial Group, LLC, AXA Advisors, LLC, and The Equitable Life Assurance Society of The United States
• Number of Known Customer Complaints: 2
• Can Mark Reisbord Be Sued: Yes, in Private Arbitration
• Can Mark Reisbord’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
• Highest Damages Allegation: Unknown
• Highest Settlement: $6,000

If you have suffered investment losses by Mark Reisbord, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a portfolio mismanagement lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.

Customer Complaints Filed Against Mark Reisbord For Broker Misconduct

As of this publication date, Mark Reisbord has been the subject of 2 customer disputes. Let’s review them below.

In November 2010, a complaint was filed against or in reference to Mark Reisbord by a customer of Centaurus Financial, Inc. alleging that the client purchased a REIT and a LLP that were not suitable and are illiquid.

In May 1999, a complaint was filed against or in reference to Mark Reisbord by a customer of The Equitable Life Assurance Society of The United States / AXA Advisors, LLC alleging unauthorized shares, resulting in unnecessary tax consequences. On October 4, 1999, Mr. Reisbord settled the claim for $6,000, and some or all of this amount may have been paid by Mr. Reisbord’s employer and/or insurance carrier.

How To File A Claim Against Mark Reisbord of Centaurus Financial, Inc. (previously with Ellis-Reisbord Financial Group, LLC, AXA Advisors, LLC, and The Equitable Life Assurance Society of The United States) To Get Your Money Back

If you have questions about Mark Reisbord, Centaurus Financial, Inc., Ellis-Reisbord Financial Group, LLC, AXA Advisors, LLC, The Equitable Life Assurance Society of The United States, or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.