Centaurus Financial, Inc. Broker Bryon Martinsen Investment Loss Options
Posted on Wednesday, January 22nd, 2020 at 9:31 pm
There are options for clients of Centaurus Financial, Inc. broker Bryon Martinsen (CRD# 1621649) who suffered investment losses. Martinsen has been registered with Centaurus Financial, Inc. in Kings Park, New York since 1999.
Martinsen has been the subject of nine customer complaints between 2005 and 2020, one of which was denied and one was withdrawn, according to his CRD report. Recent complaints are regarding:
April 2020. “During the period 2013 through April 2020, the customers allege that the Registered Representative misrepresented and concentrated the claimants account(s) in unsuitable investments.” The customer is seeking $5 million in damages in this pending complaint. The complaint was regarding variable annuities, direct investments, and real estate securities.
April 2019. “Customer primarily alleges that the financial advisor recommended unsuitable investments and several other allegations associated therewith beginning in 2009 through October 2018.” The customer is seeking $1.7 million in damages and the case is currently pending. This complaint was regarding real estate securities.
February 2019. “Customer primarily alleges that the financial advisor recommended unsuitable investments and several other allegations associated therewith from September 2009 through 2015.” The customer sought $127,000 in damages and the case was settled for $25,000. This complaint was regarding real estate securities.
June 2018. “The client alleges unsuitable investments, misrepresentations, and omission of material risks, in connection with the sale of various investments.” The customer sought $231,244.71 in damages and the case was settled for $10,000. This 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 Martinsen’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If and 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.