Erez Law is currently investigating Centaurus Financial, Inc. broker Michael Morando Jr. (CRD# 6098724) regarding real estate investment losses. He has been registered with Centaurus Financial, Inc. in Santa Barbara, California, since 2012.
Michael Morando Jr. Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
April 2026. “The customer alleges that in or around 2016, the Registered Representative recommended high-risk, speculative and illiquid investments.” The customer is seeking $125,000 in damages, and the case is currently pending. The complaint was regarding real estate investment 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 Michael Morando Jr.’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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