Tag Archives: Centaurus Financial complaint

Atul Makharia-Centaurus Financial Advisor-Subject of $333K Customer Suit-Lexington, South Carolina

November 2018-Lexington, South Carolina

According to publicly available records Atul Makharia , (CRD# 5070762) ,  a  stockbroker who is currently registered with Centaurus Financial, Inc.  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 October 2018 a customer of Centaurus Financial alleged damages of $333,000 claiming that Makharia made unsuitable investment recommendations which resulted in market losses.

Makharia has been employed by Centaurus Financial since 5/2015. Prior to that he was employed by J.P. Turner & Co. 

If you have losses in an account in an account handled by Atul Makharia, contact us for a no charge consultation to learn how you may be able to recover damages from his 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

Marc F. Korsch-Centaurus Financial Broker-Discloses Pending Customer Disputes-Sarasota, FL

May 2018-Sarasota, FL

The FINRA records of  Marc F. Korsch ,   a  stockbroker who is employed by  Centaurus Financial  disclose 2 pending 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 pending FINRA arbitration 17-0474, a customer of Mr. Korsch’s former employer, Trustmont Finanical Group, alleges damages of $500,000 for the recommendation of transactions that were detrimental to the customer.

In 11/2017 a customer of Centaurus Financial alleged unauthorized surrender of their annuity and is seeking damages of $5,000.

Marc Korsch  has been employed by Centaurus Financial since 2/2014.  Prior to that he was employed by Trustmont Finanical Group from 3/2011-3/2014.

If you have losses in an account  handled byMarc F. Korsch , contact us for a no charge consultation to learn how you may be able to recover damages.

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, at no cost to you.

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

Mark Reinking-Former Leader’s Group Broker-Subject of $1M Customer Suit-Austin, TX

February 2018-Austin, Texas

The FINRA records of  Mark B. Reinking ,  a  stockbroker who is not currently registered with any broker dealer and who was last employed by The Leaders Group Inc. disclose a pending customer arbitraiton complaint.

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 January 2018 a customer of Reinking’s  former employer Sunset Financial Services filed FINRA arbitration case #17-03513 seeking damages of $1 million. The customer alleges breach of fiduciary duty, fraud, breach of contract, negligence in connection with the purchase of various direct investments, including real estate securities.

Reinking’s prior employment includes: The Leader’s Group 3/2015-8/2017; Centaurus Financial 6/2010-3/2013; Sunset Financial Services 11/197-6/2010. Reinking discloses business affiliations with RAM Financial Group (formerly Reinking Asset Management) and Risk Paradigm Group, both of which are located in Austin, TX.

If you have questions about an account handled by Mark Reinking , call to speak with an experienced securities attorney to discuss your options.

Alternative investments include non publicly traded real estate investment trusts (REITS) , equipment leasing partnerships, oil and gas partnerships, hedge funds, real estate, commodities and derivatives contracts and, managed futures. These investments tend to be complex, illiquid, non transparent, hard to value and expensive. Many of the alternative investments sold over recent years are not traded on any public market making them difficult to value and even more difficult to liquidate if cash is needed.

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

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