Erez Law is currently investigating Centaurus Financial, Inc. broker Patrick Hobert (CRD# 805680) regarding investment losses related to illiquid investment losses. He has been registered with Centaurus Financial, Inc. in Newport Beach, California since 2007.
Patrick Hobert Customer Complaints
He has been the subject of 11 customer complaints between 1988 and 2022, three of which were closed without action, according to his CRD report. The most recent complaints are regarding:
June 2022. “In March 2020, the customer alleges that the Registered Representative improperly recommended a high-risk, high commission and illiquid investment.” The customer is seeking $100,001 in damages and the case is currently pending. The complaint was regarding corporate debt and took place while he was registered with Centaurus Financial, Inc.
May 2019. “Customer primarily alleges that the financial advisor recommended unsuitable investments in August 2014.” The customer sought $99,000 in damages and the case was settled for $6,500. The complaint was regarding real estate securities and took place while he was registered with Centaurus Financial, Inc.
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 Patrick Hobert’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.