Real Estate Securities Options for Clients of Centaurus Financial, Inc. Broker Thomas Paine

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Centaurus Financial, Inc. broker Thomas Paine (CRD# 2285372) is accused of real estate securities investment losses. He has been registered with Centaurus Financial, Inc. in Arroyo Grande, California, since 2006.

Thomas Paine Customer Complaints

He has been the subject of two customer complaints between 2013 and 2023, one of which was denied, according to his CRD report:

December 2023. “The customer alleges that the Registered Representative recommended unsuitable investments and investment strategies in various illiquid alternative investments. No specific dates for the alleged activity were identified in the Statement of Claim.” The case is currently pending. The complaint was regarding real estate securities.

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 Thomas Paine’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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Author: Jeffrey Erez

The founder of Erez Law, Jeffrey Erez, focuses exclusively on securities arbitration and litigation. Mr. Erez passionately believes in representing aggrieved investors and obtaining justice for his clients through litigation.