Centaurus Financial, Inc. Financial Advisor Atul Makharia Accused of Unsuitable Investment Recommendations
Posted on Saturday, January 5th, 2019 at 11:14 am
Erez Law is currently investigating Centaurus Financial, Inc. financial advisor Atul Makharia (CRD# 5070762) regarding unsuitable investment recommendations. Makharia has been registered with Centaurus Financial, Inc. in Lexington, South Carolina since 2015.
Makharia has been the subject of three customer complaints between 2017 and 2018, one of which was closed without action, according to his CRD report:
November 2018. “Customer primarily alleges that the financial advisor recommended unsuitable investments and several other allegations associated therewith.” The customer is seeking $200,000 in damages and the case is currently pending. This case is regarding corporate debt.
October 2018. “The customers allege their investments were unsuitable.” The customer is seeking $333,000 in damages and the case is currently pending. This case is regarding corporate debt.
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 Makharia’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.