Advisor Alert: Our Attorneys Are Investigating William Dale Dobbs For Investment Fraud
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.