Centaurus Financial, Inc. broker John Starke (CRD# 3154774) faces customer complaints regarding unsuitable investment recommendations and illiquid investments. He has been registered with Centaurus Financial, Inc. in Mechanicsville, Virginia since 2015.
John Starke Customer Complaints
He has been the subject of eight customer complaints between 2001 and 2022, one of which was denied, according to his CRD report. The most recent complaints were regarding:
October 2022. “In November 2020, the customers allege that the Registered Representative recommended an unsuitable and illiquid investment.” The customer is seeking $50,000 in damages and the case is currently pending. The complaint was regarding corporate debt.
September 2022. “In or about August 2020, the customer alleges that the Registered Representative surrendered a life insurance policy triggering a tax liability.” The customer is seeking $144,283 in damages and the case is currently pending. The complaint was regarding insurance investment losses.
July 2022. “The customers allege that the Registered Representative improperly recommended high-risk, high commission and illiquid investments. No dates of alleged activity were disclosed in the Statement of Claim.” The customer is seeking $320,000 in damages and the case is currently pending. The complaint was regarding corporate debt and real estate securities losses.
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 Starke’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.