Did you lose money investing in Centaurus Financial, Inc. broker Christopher Martin (CRD# 4179127)? He has been registered with Centaurus Financial, Inc. in Apple Valley, California, since 2006.
In January 2025, FINRA sanctioned him to pay a civil and administrative penalty and fine in the amount of $15,000 and suspended him for two years after he “consented to the sanctions and to the entry of findings that he participated in private securities transactions related to a private offering of common stock issued by a licensed cannabis-related company that he co-founded and for which he served as a board member and executive officer without prior written notice to, or approval from, his member firm.” FINRA found that while he disclosed his role with the company to the firm as an OBA, he did not disclose his participation in the company’s efforts to raise capital or receive approval from the firm to participate in such efforts. Additionally, FINRA found that he “participated in the company’s sale of $4,436,381 of company stock to 106 investors through the private offering. Martin introduced certain of these investors to the investment opportunity, including his customers at his firm. In addition, Martin presented information on the offering and the company’s business plan to prospective investors, answering the questions of prospective investors about the offering and the company’s business, and, at times, facilitating investors’ transactions by accepting investor subscription agreements.”
Christopher Martin Customer Complaints
He has been the subject of three customer complaints between 2012 and 2024, one of which was denied and one was closed without action, according to his CRD report:
August 2024. “During the period of 2017 through 2024, the Claimants allege that while selling shares in a Private Placement company via a Private Placement memorandum, away from Broker Dealer, the Registered Representative engaged in unfair business practices, provided untrue statements, constructive fraud, neglect misrepresentation, financial elder abuse, and breached his fiduciary duty.” The case is currently pending.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Centaurus Financial, Inc. may be liable for investment or other losses suffered by Christopher Martin’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
"*" indicates required fields
