Advisor Alert: Our Attorneys Are Investigating Cheryl Lynn Kitashima For Investment Fraud
Did You Lose Money Because of Cheryl Kitashima?
Filed: January 30, 2024
Cheryl Kitashima currently has one (1) pending customer complaint. Overall, she has been the subject of six (6) 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 Cheryl Lynn Kitashima.
Who Is Cheryl Lynn Kitashima of Centaurus Financial, Inc.?
- Advisor Name: Cheryl Lynn Kitashima
- Aliases: Cheryl Kitashima
- CRD: 729389
- Location: Seattle, Washington
- Current Employer: Centaurus Financial, Inc.
- Previous Firms: KMS Financial Services, Inc. and Pacific Harbor Securities, Inc.
- Number of Known Customer Complaints: 6
- Can Cheryl Kitashima Be Sued: Yes, in Private Arbitration
- Can Cheryl Kitashima’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $499,999
- Highest Settlement: $160,000
If you have suffered investment losses by Cheryl Kitashima, 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 Cheryl Kitashima For Broker Misconduct
As of this publication date, Cheryl Kitashima has been the subject of 6 customer disputes. Let’s review them below.
In November 2023, a FINRA arbitration was filed against or in reference to Cheryl Kitashima by a customer of Ameriprise Financial Services, LLC alleging that Ms. Kitashima recommended an unsuitable, high-risk, speculative, illiquid investment and breached her fiduciary duty. Per the customer, he/she lost over $50,000 because of Ms. Kitashima’s actions.
In July 2015, a FINRA arbitration was filed against or in reference to Cheryl Kitashima by a customer of Centaurus Financial, Inc. alleging failure to supervise, unsuitable recommendations, continuing fraud, violation of common law fraud, breach of fiduciary duty, and negligence in connection with the investments purchased in 2008. Per the customer, he/she lost over $144,500 because of Ms. Kitashima’s actions. On March 7, 2016, Ms. Kitashima settled the claim for $22,500, and some or all of this amount may have been paid by Ms. Kitashima’s employer and/or insurance carrier.
In January 2015, a FINRA arbitration was filed against or in reference to Cheryl Kitashima by a customer of Centaurus Financial, Inc. alleging unsuitable recommendations, continuing fraud and misrepresentation, common law fraud, breach of fiduciary duty and negligence concerning a real estate debenture investment, and variable annuity purchased in 2008. Per the customer, he/she lost over $200,000 because of Ms. Kitashima’s actions. On March 7, 2016, Ms. Kitashima settled the claim for $30,000, and some or all of this amount may have been paid by Ms. Kitashima’s employer and/or insurance carrier.
In January 2015, a FINRA arbitration was filed against or in reference to Cheryl Kitashima by a customer of Centaurus Financial, Inc. alleging that client wanted to void the policy issued in early 2014 because she felt she wanted additional liquidity.
In December 2014, a FINRA arbitration was filed against or in reference to Cheryl Kitashima by a customer of Centaurus Financial, Inc. alleging misrepresentation,unsuitable recommendations, breach of fiduciary duty and negligence concerning alternative investments and variable annuities purchased between 2005 and 2008. Per the customer, he/she lost over $499,999 because of Ms. Kitashima’s actions. On March 7, 2016, Ms. Kitashima settled the claim for $87,500, and some or all of this amount may have been paid by Ms. Kitashima’s employer and/or insurance carrier.
In October 2014, a FINRA arbitration was filed against or in reference to Cheryl Kitashima by a customer of Centaurus Financial, Inc. alleging breach of fiduciary duty, negligence, common law fraud, misrepresentation and unsuitable recommendations in connection with the investments purchased from 2008 to 2011. Per the customer, he/she lost over $100,000 because of Ms. Kitashima’s actions. On November 3, 2015, Ms. Kitashima settled the claim for $160,000, and some or all of this amount may have been paid by Ms. Kitashima’s employer and/or insurance carrier.
How To File A Claim Against Cheryl Kitashima of Centaurus Financial, Inc. (previously with KMS Financial Services, Inc. and Pacific Harbor Securities, Inc.) To Get Your Money Back
If you have questions about Cheryl Kitashima, Centaurus Financial, Inc., KMS Financial Services, Inc., Pacific Harbor Securities, 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.