Can I recover losses from investments with Centaurus Financial, Inc. broker Kenneth McCabe (CRD# 2980438)? He has been registered with Centaurus Financial, Inc. in West Hills, California, since 2011.
In May 2013, the Indiana Securities Division entered an order of summary suspension against Kenneth McCabe for failing to comply with a court order imposing a child support obligation.
Kenneth McCabe Customer Complaints
He has been the subject of four customer complaints between 2020 and 2025, according to his CRD report:
December 2025. “The customer alleges that on July 12, 2021, the Registered Representative recommended an unsuitable, high-risk, illiquid investment.” The case is currently pending. The case was regarding real estate security losses.
July 2025. “The customer alleges that in March 2015, the Registered Representative recommended unsuitable, high-risk, illiquid investments.” The customer sought $45,000 in damages, and the case was settled for $9,000. The case was regarding real estate security losses.
November 2021. “During the period 2014 through 2018, the customer alleges that the Registered Representative misrepresented high commission illiquid and unsuitable investments.” The customer sought $178,000 in damages, and the case was settled for $95,000. The case was regarding real estate security losses.
May 2020. “During the period October 2014 through December 2019, the customer alleges that the investments made through the Registered Representative performed poorly.” The customer is seeking $65,000 in damages, and 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 Kenneth McCabe’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.
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