There are options for customers of Centaurus Financial, Inc. broker John Marcheso (CRD# 869337) regarding real estate securities losses. He has been registered with Centaurus Financial, Inc. in Coeur D’ Alene, Idaho since 2000.
John Marcheso Customer Complaints
He has been the subject of two customer complaints between 2020 and 2022, according to his CRD report:
May 2022. “During the period 2013 to present, the customers allege that the Registered Representative over concentrated and recommended unsuitable, high-risk, and illiquid investments.” The customer is seeking $1 million in damages and the case is currently pending. The complaint was regarding oil and gas investment and real estate securities.
June 2020. “During the period 2012 to present, the customer alleges that the Registered Representative recommended an unsuitable investment.” The customer sought $50,000 in damages and the case was settled for $14,750. The complaint was regarding real estate securities.
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 John Marcheso’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.