Mark Williams Investigation
April 2024-Carmel by the Sea, CA
According to publicly available records Mark John Williams , a former Centaurus Financial Inc., broker who now works for Kingswood Capital Partners, discloses a pending customer dispute and 3 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 12/2023 a customer of Centaurus filed an action in the Superior Court of California, Monterey County, alleging that Mark Williams witheld material facts and recommended unsuitable, high risk, speculative and illiquid investments causing damages of $598,955. This matter is currently pending.
Current Customer Dispute vs. Mark Williams
In FINRA case #22-00706, a Centaurus Financial, Inc. customer (William’s prior employer), alleged that Williams recommended unsuitable, high-risk investments and breached his fiduciary duty. The case was settled for $150,000 in 5/2023.
See this for more information on REITs and Other Alternative Investments
Previously Settled Customer Disputes vs. Mark Williams
In FINRA case #22-00548, a Centaurus Financial, Inc. customer alleged that Williams made a poor recommendation of a speculative, high-risk and illiquid investment . The case was settled in 7/2023 for $32,500.
Williams is currently registered with Kingswood Capital Partners. He was previously registered with Forta Financial Group. He is also a registered investment advisor with Financial Gravity Family Office Services, J.P. Turner and Company & Cetera Financial Group. Williams was employed by Centaurus Financial, Inc. from 11/2015-3/2021.
Alternative Investments: These are assets that are not stocks, bonds or cash. Alternative investments generally fall within five categories: hedge funds, private capital, natural resources (oil and gas, energy), real estate (REITs) and infrastructure. They are typically less liquid that conventional investments, less regulated with higher fees and generally higher risk. For more investigations involving Alternative Investments, see this.
If you have losses in an account handled by Mark John Williams , contact us for a no charge consultation to learn how you may be able to recover damages through FINRA arbitration.
Other investigations of Centaurus Financial brokers
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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