Category Archives: Centaurus Financial

Harold F. Martek Jr.-Centaurus FInancial Broker-Discloses Pending Customer Arbitration-Palm City, FL

April 2017- Palm City, FL

The FINRA records of  Harold F. Martek Jr. ,  a  stockbroker who is currently employed by  Centaurus Financial  disclose a pending customer dispute.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In FINRA arbitration 17-01041 a customer of Centaurus Financial alleges damages of $60,000 for an unsuitable recommendation  to concentrate a portfolio in a single stock.

Martek has been employed by Centaurus Financial  since 9/2009. Prior to that he was employed by Securities America in Stuart, FL.

If you have questions about an account  handled by Harold Martek Jr.,  call for a no charge consultation.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Donnie E. Ingram-Former Investors Capital Corp. Broker-Discloses Customer Disputes-WInter Haven, FL

April 2017-Winter Haven, FL

According to publicly available records Donnie E. Ingram, (CRD# 1416971) ,  a  stockbroker who previously worked for Investors Capital Corp and who is currently employed by Centaurus Financial Inc.  disclose 5  pending customer disputes  and 3 prior final customer disputes.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

The currently pending FINRA arbitrations include:

  • 16-2238-a customer of Investors Capital Corp. alleges damages of $906,354  related to the purchase of unsuitable alternative investments during the period 2003-2015.
  • FINRA arbitration 16-2599-a customer of Investors Capital Corp. alleges damages of $222,266  related to the purchase of unsuitable alternative investments in real estate and other investments during the period 2005-2011.
  • FINRA arbitration 16-2304-a customer of Investors Capital Corp. alleges damages of $230,457  related to the purchase of unsuitable alternative investments in real estate and other investments during the period 2011-2012.

Ingram has been employed by Centaurus Financial  since 7/2016. He was employed by Investors Capital Corp. from 2/1997-7/2016

In November 2016, Investors Capital Corp., a part of the Cetera Group, withdrew its FINRA registration and closed operations, transferring many of its brokers and customers to Summit Brokerage Services..

INVESTORS CAPITAL CORP. SUBJECT OF 21 REGULATORY MATTERS–CEASES OPERATIONS FALL 2016

Investors Capital Corp. withdrew its registration with FINRA in fall 2016. Investors Capital has been named in 21 regulatory matters and a number of customer arbitrations. For more information on Investors Capital Corp, follow this link. 

If you have questions about an account in an account handled by Donnie E. Ingram, contact us to discuss your legal options.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Christian J. Stoltz-Centaurus FInancial Broker-Discloses Customer Disputes-Forty Fort, PA

August 2016- Forty Fort, PA

The FINRA records of  Christian J. Stoltz,  a  stock broker who is currently employed by Centaurus Financial  disclose  a currently pending customer dispute and a prior customer dispute.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In  the currently pending dispute , a customer of Centaurus Financial  alleges damages of $200,000 and alleges that they were sold an annuity with a longer term than what they desired.

In the prior dispute, FINRA Case#13-03122, a customer of Stoltz’s prior employer, Lincoln Financial Securities, alleged damages of $400,000, alleging that Stoltz never adequately explained the risks and costs associated with a variable life insurance policy and that the policy was unsuitable and that material misrepresentations were made to induce its purchase. That case was settled in 2014 for $196,000, with Stoltz contributing $100,000 to the settlement.

Stoltz has been registered with Centaurus Financial since 1/2007. 

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Bryon E. Martinsen-Centaurus Financial Broker-Discloses $1.7M Customer Dispute

August 2016- Northport, NY

The FINRA records of  Bryon E. Martinsen,  a  stock broker who is currently employed by Centaurus Financial  disclose  a currently pending customer dispute, 4 prior customer disputes , a termination from employment and a currently outstanding judgment/lien.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In  currently pending FINRA Case# 16-02023 , a customer of Centaurus Financial  alleges damages of $1,787,000 and alleges that the firm allowed products to be sold that were both unsuitable and not fully reviewed during the due diligence process. The product types are direct investments, DPP and limited partnership interests.

Martinsen has been registered with Centaurus Financial since 10/1999. 

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Leslie R. Cabrinha-Centaurus Financial Broker-Discloses Pending Customer Dispute Alleging Damages of $1M

August 2016- Petersburg, VA

The FINRA records of  Leslie R. Cabrinha,  a  stock broker who is currently employed by Centaurus Financial  disclose  a currently pending customer dispute.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In  currently pending FINRA Case# 14-01130 , a customer of Centaurus Financial  alleges damages of $1,000,000 and allege that the branch manager did not supervise the conduct and sales practices of one of his representatives which resulted in violations of the Virginia Securities Act, negligence, breach of contract and unsuitable and unauthorized investment activity.

 

Cabrinha has been registered with Centaurus Financial since 8/1995. 

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Jan E. Haynes-Centaurus Financial Broker-Discloses Customer Disputes

August 2016- La Jolla, CA

The FINRA records of  Jan E. Haynes,  a  stock broker who is currently employed by Centaurus Financial  disclose  a prior regulatory event and 11 prior  customer disputes.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In  FINRA arbitration 14-01882, a customer of Haynes former employer National Securities Corp., alleged damages of $50,000 for breach of fiduciary duty, misrepresentation, omissions, negligence and breach of contract. That case was settled for $17,500.

Haynes employment history includes:

  • Centaurus Financial                              since 9/2010
  • National Securities Corp.                    1/2007-9/2010

If you have losses in an account handled or supervised by Jan E. Haynes you may be able to recover damages from his former employer through FINRA arbitration.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Former Centaurus Broker Maryellen Lindley Fined/Suspended by FINRA

Anderson, South Carolina

Maryellen T. Lindley, formerly registered with Sandlapper Securities, was assessed a deferred fine of $10,000 and suspended by FINRA for 12 months to resolve allegations that she shared commissions iwth unregistered individuals.

In the FINRA findings, Lindley invested $1.1 million on behalf of customers  and earned commissions of about $90,000, half of which was shared with accountants, who were not registered with FINRA, who had referred the investors to her. The findings also state that Lindley failed to disclose this to her member firm and denied the commission spitting arrangement in response to FINRA’s requests for information.

According to FINRA records Finley was registered with Sandlapper Securities from 10/2013-1/2014. Prior to that she was registered with Centaurus Financial. 

Rex Securities Law provides nationwide representation to investors seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.  Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Rex Securities Law

561 391 1900