Real Estate Losses with Centaurus Financial, Inc. Broker Otto Bohon

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Were you the victim of Centaurus Financial, Inc. broker Otto Bohon (CRD# 5677597) regarding real estate investment losses? He has been 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:

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.

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.