Were you the victim of former Centaurus Financial, Inc. broker Otto Bohon (CRD# 5677597) regarding real estate investment losses? He was registered with Centaurus Financial, Inc. in Tucson, Arizona, from 2012 to 2020.
Otto Bohon Customer Complaints
He has been the subject of four customer complaints between 2020 and 2021, one of which was closed without action, according to his CRD report:
June 2025. “The customers allege that the Registered Representative recommended unsuitable, complex, high-risk, illiquid investments. No specific dates for the alleged activity were identified in the Statement of Claim.” The customer sought $350,000 in damages, and the case was settled for $85,000. The complaint was regarding corporate debt and real estate security losses.
October 2024. “The customer alleges that during the period of 2012-2020, the Registered Representative recommended and misrepresented unsuitable, complex, high-risk, and illiquid investments and breached his fiduciary duty.” The case was settled for $3,900,000
September 2024. “The customer alleges that during the period 2012 through 2020, the Registered Representative misrepresented and recommended unsuitable, risky, complex, and illiquid investments and breached his fiduciary duty.” The case was settled for $3,900,000.
July 2024. “The customer alleges that the Registered Representative recommended unsuitable, high-risk, and illiquid investments and breached his fiduciary duty. No specific dates for the alleged activity were identified in the Statement of Claim.” The customer sought $100,000 in damages, and the case was settled for $70,000. The complaint was regarding corporate debt losses.
January 2023. “In August 2019, the customer alleges that the Registered Representative improperly recommended a high-risk and illiquid investment.” The customer sought $100,000 in damages, and the case was settled for $49,750. The complaint was regarding corporate debt losses.
July 2022. “The customers allege that the Registered Representative overly concentrated their assets in unsuitable, high-risk and illiquid investments. No specific dates for the alleged activity were disclosed in the Statement of Claim.” The customer sought $100,000 in damages, and the case was settled for $46,000. The complaint was regarding corporate real estate security losses.
December 2021. “During the period 2014 through 2016, the customer alleges that the Registered Representative recommended high risk, high commission illiquid investments.” The customer is seeking $170,000 in damages, and the case is currently pending. The complaint was real estate investment losses.
February 2021. “The customer alleges that on March 9, 2020, the Registered Representative sold 4 stocks from her discretionary managed account without her permission.” The customer is seeking $25,959.22 in damages, and the case is currently pending.
September 2020. “During the period January 2017 through approximately March 2020, the customer alleges that the Registered Representative breached his fiduciary duty.” The customer sought $1,100,000 in damages, and the case was regarding $465,000. The complaint was regarding corporate real estate security 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 Otto Bohon’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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