Advisor Alert: Our Attorneys Are Investigating Patrick Roland Hobert For Investment Fraud
Did You Lose Money Because of Patrick Hobert?
Filed: March 4, 2024
Patrick Hobert currently has two (2) pending customer complaints. Overall, he has been the subject of fifteen (15) 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 Patrick Roland Hobert.
Who Is Patrick Roland Hobert of Centaurus Financial, Inc.?
- Advisor Name: Patrick Roland Hobert
- Aliases: Patrick Hobert
- CRD: 805680
- Location: Newport Beach, California
- Current Employer: Centaurus Financial, Inc.
- Previous Firms: Wedbush Morgan Securities Inc. and Brookstreet Capital Management
- Number of Known Customer Complaints: 15
- Number of Known Regulatory Events: 1
- Can Patrick Hobert Be Sued: Yes, in Private Arbitration
- Can Patrick Hobert’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $200,000
- Highest Settlement: $50,474.59
If you have suffered investment losses by Patrick Hobert, 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 Patrick Hobert For Broker Misconduct
As of this publication date, Patrick Hobert has been the subject of 15 customer disputes and 1 regulatory event. Let’s review them below.
In January 2024, a complaint was filed against or in reference to Patrick Hobert by a customer of Centaurus Financial, Inc. alleging that Mr. Hobert gave a poor recommendation. Per the customer, he/she lost over $100,000 because of Mr. Hobert’s actions. As of this publication date, this claim remains pending.
In December 2023, a FINRA arbitration was filed against or in reference to Patrick Hobert by a customer of Centaurus Financial, Inc. alleging that Mr. Hobert recommended an unsuitable investment and investment strategies in an illiquid alternative investment. As of this publication date, this claim remains pending.
In September 2023, a FINRA arbitration was filed against or in reference to Patrick Hobert by a customer of Centaurus Financial, Inc. alleging that in February of 2020, Mr. Hobert recommended a high-risk, unsuitable, speculative, illiquid investment and breached his fiduciary duty. Per the customer, he/she lost over $50,000 because of Mr. Hobert’s actions. On January 8, 2024, Mr. Hobert settled the claim for $10,000, and some or all of this amount may have been paid by Mr. Hobert’s employer and/or insurance carrier.
In June 2023, a FINRA arbitration was filed against or in reference to Patrick Hobert by multiple customers of Centaurus Financial, Inc. alleging that in December 2019 and July 2020, Mr. Hobert misrepresented a high-risk, speculative and illiquid investment. On January 8, 2024, Mr. Hobert settled the claim for $50,500, and some or all of this amount may have been paid by Mr. Hobert’s employer and/or insurance carrier.
In June 2022, a FINRA arbitration was filed against or in reference to Patrick Hobert by a customer of Centaurus Financial, Inc. alleging that in March 2020, Mr. Hobert improperly recommended a high-risk, high commission and illiquid investment. Per the customers, he/she lost over $100,001 because of Mr. Hobert’s actions. On December 28, 2023, Mr. Hobert settled the claim for $50,474.59, and some or all of this amount may have been paid by Mr. Hobert’s employer and/or insurance carrier.
In May 2019, a FINRA arbitration was filed against or in reference to Patrick Hobert by a customer of Centaurus Financial, Inc. alleging that Mr. Hobert recommended unsuitable investments in August 2014. Per the customer, he/she lost over $99,000 because of Mr. Hobert’s actions. On November 5, 2019, Mr. Hobert settled the claim for $6,500, and some or all of this amount may have been paid by Mr. Hobert’s employer and/or insurance carrier.
In February 2014, a complaint was filed against or in reference to Patrick Hobert by a customer of Centaurus Financial, Inc. alleging misrepresentation and unsuitable recommendation when the client purchased the real estate security in 2012. Per the customer, he/she lost over $35,000 because of Mr. Hobert’s actions.
In May 2006, a complaint was filed against or in reference to Patrick Hobert by a customer of Brookstreet Securities Corporation alleging unsuitability.
In August 2004, a complaint was filed against or in reference to Patrick Hobert by a customer of Brookstreet Securities alleging unsuitability. Per the customer, he/she lost over $200,000 because of Mr. Hobert’s actions.
In January 1995, a NASD arbitration was filed against or in reference to Patrick Hobert by a customer of Prudential Securities Incorporated alleging unsuitable investments.
In October 1993, a complaint was filed against or in reference to Patrick Hobert by multiple customers of Prudential Securities alleging purchase of limited partnership during the period of 10-88 to 10-89. Per the customer, he/she lost over $19,843 because of Mr. Hobert’s actions. Mr. Hobert settled the claim for $33,931, and some or all of this amount may have been paid by Mr. Hobert’s employer and/or insurance carrier.
In October 1993, a complaint was filed against or in reference to Patrick Hobert by multiple customers of Prudential Securities alleging purchase of limited partnership during the period of 10-88 to 10-89. Per the customers, they lost over $6,301 because of Mr. Hobert’s actions. Mr. Hobert settled the claim for $27,932, and some or all of this amount may have been paid by Mr. Hobert’s employer and/or insurance carrier.
In May 1989, a complaint was filed against or in reference to Patrick Hobert by a customer of Prudential Securities alleging unsuitable investments. Per the customer, he/she lost over $60,000 because of Mr. Hobert’s actions. On January 21, 1992, Mr. Hobert settled the claim for $39,000, and some or all of this amount may have been paid by Mr. Hobert’s employer and/or insurance carrier.
In February 1989, a complaint was filed against or in reference to Patrick Hobert by a customer of Prudential-Bache alleging that the client was not suitable with respect to her investment in RAC Mortgage Investment Corp. Per the customer, she lost over $14,000 because of Mr. Hobert’s actions. Mr. Hobert settled the claim for $10,000.
In March 1988, a complaint was filed against or in reference to Patrick Hobert by a customer alleging that municipal bonds sold at the wrong price. Per the customer, he/she lost over $43,000 because of Mr. Hobert’s actions.
In October 1979, the Department of Insurance in the State of Connecticut initiated a regulatory action against or in reference to Patrick Hobert for date lined life insurance application. The applicant was licensed to do business in the state of Connecticut but the product applicant sold was not an approved policy in Connecticut.
How To File A Claim Against Patrick Hobert of Centaurus Financial, Inc. (previously with Wedbush Morgan Securities Inc. and Brookstreet Capital Management) To Get Your Money Back
If you have questions about Patrick Hobert, Centaurus Financial, Inc., Wedbush Morgan Securities Inc., Brookstreet Capital Management, 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.