Options for Clients of Former Centaurus Financial, Inc. and LPL Financial LLC Broker Galen Kopman
Posted on Monday, February 1st, 2021 at 8:41 pm
There are options for clients of former Centaurus Financial, Inc. and LPL Financial LLC broker Galen Kopman (CRD# 3011906) who suffered investment losses. Kopman was registered with Centaurus Financial, Inc. in Vancouver, Washington from 2015 to 2018. Previously, Kopman was registered with LPL Financial LLC in Vancouver, Washington from 2006 to 2015.
Kopman has been the subject of three customer complaints between 2016 and 2019, one of which was denied, according to his CRD report:
October 2020. “During the period 2014 through September 2016, the customer alleges that the Registered Representative invested his accounts in unsuitable, high-risk and illiquid investments.” The case is currently pending. The complaint was regarding real estate securities and took place while Kopman was registered with Centaurus Financial, Inc.
October 2019. “Claimant alleges that in October 2013, Respondent’s representative recommended an unsuitable investment in a business development company which conflicted with Claimant’s true investment objectives and needs, ultimately causing her monetary damages. Claimant alleges her representative was motivated by commissions, and consequently misrepresented/omitted the illiquid investment’s risks.” The customer sought $160,000 in damages and the case was settled for $115,000. The complaint was regarding direct investments and took place while Kopman was registered with LPL Financial LLC.
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. and LPL Financial LLC may be liable for investment or other losses suffered by Kopman’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.