Silver Law Group Files a FINRA Arbitration Claim Against Centaurus Financial Concerning Unsuitable Recommendations by a Broker

Silver Law Group has filed a FINRA arbitration claim against Centaurus Financial, Inc. for unsuitable investment recommendations.

The securities arbitration claim alleges the Claimants are both U.S. military veterans who entrusted their life savings to the advisor in 2008 when she was employed by J.P. Turner & Company. They transferred their accounts to Centaurus Financial when the advisor left J.P. Turner & Company. The securities arbitration claim alleges the investors were conservative investors who did not want to risk their principal and jeopardize their retirement.

Centaurus Financial disregarded the Claimants’ wishes and invested their money in a variety of riskier investment products such as non-traded real estate investment trusts (REITs), market-linked CDs, and structured notes.

After unrealized losses began to accrue in our clients’ accounts, the broker would provide an excuse and say that the investments were fine and would return to their previous value and bring profit to our clients. The investments never did, and our clients lost a significant amount of money investing with Centaurus Financial, J.P. Turner & Company.

If you’ve lost money investing with Centaurus Financial, we may be able to help you recover your losses. Contact our firm today to learn how we can try to recover your losses. We work on a contingency fee, meaning if we don’t recover money you owe us nothing. Our lawyers have extensive experience in claims against banks, accountants and financial advisors who aid or assist in fraud.

Silver Law Group represents the interests of investors who have been the victims of investment fraud.  Scott Silver is the chairman of the Securities and Financial Fraud Group of the American Association of Justice and represents investors nationwide in securities investment fraud cases. Please contact Scott Silver of the Silver Law Group for a free consultation at ssilver@silverlaw.com or toll free at (800) 975-4345.