There are options for customers of Centaurus Financial, Inc. broker Richard Acker (CRD# 3061037), who is accused of unsuitable investment recommendations. He has been registered with Centaurus Financial, Inc. in Brooklyn, New York, since 2009.
In September 2010, the New York Department of Insurance sanctioned him to a monetary penalty other than fines following allegations that “from April 2004 to February 2006 representative sold insurance of an unauthorized issuer to residents of New York.”
Richard Acker Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
January 2024. “The customer alleges that from December 2011 through November 2013, the Registered Representative recommended unsuitable investments and investment strategies in various illiquid alternative investments.” The customer sought $500,000 in damages, and the case was settled for $105,000. The complaint was regarding 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 Richard Acker’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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