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.
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