Can I Recover Losses from Former Centaurus Financial, Inc. Broker Paul Carnahan?

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Erez Law is currently investigating former Centaurus Financial, Inc. broker Paul Carnahan (CRD# 5586975), who is accused of unsuitable investment recommendations. He has been registered with GWN Securities Inc. in Birmingham, Michigan, since 2022. Previously, he was registered with Securian Financial Services, Inc. in Southfield, Michigan, from 2019 to 2022 and with Centaurus Financial, Inc. in Grosse Pointe Woods, Michigan, from 2010 to 2019.

Paul Carnahan Customer Complaints

He has been the subject of one customer complaint, according to his CRD report:

October 2022. “The customers allege that the rep recommended and overconcentrated their accounts in unsuitable investments.” The customer is seeking $800,000 in damages, and the case is currently pending. The complaint was regarding oil and gas and real estate security investments, and it 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 Paul Carnahan’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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