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Former Centaurus Financial, Inc. Broker Robert Binkele Investment Loss Options

Posted on Monday, April 5th, 2021 at 6:56 pm    

Centaurus Financial

There are options for clients of former Centaurus Financial, Inc. broker Robert Binkele (CRD# 2393598) who suffered investment losses. Binkele was registered with Centaurus Financial, Inc. in Indian Wells, California from 2015 to 2019 and previously with J.P. Turner & Company, L.L.C. in Indian Wells, California from 2007 to 2015. Prior to that Binkele was registered with Brookstreet Securities Corporation in Palm Desert, California from 2003 to 2007 and with Raymond James Financial Services, Inc. in St. Petersburg, Florida from 1998 to 2002, when he was terminated regarding, “No actual allegations. Number of customer complaints exceeded firm policy. Customer complaints named Mr. Binkele as branch supervisor, only.”

In August 2019, the State of Washington Department of Financial Institutions opened an investigation into Binkele regarding, “Mr. Binkele is currently being investigated in connection with a Deferred Sales Trust transaction(s) with Washington residents.”

Binkele has been the subject of two customer complaints between 1998 and 2020, according to his CRD report. The most recent complaint is regarding: 

October 2020. “During the period May 2017 to present, the customer alleges that the Registered Representative was negligent and engaged in potentially fraudulent activity with respect to the investments made as a result of the creation of a deferred sales trust. She also alleges that he breached his fiduciary duty.” The case is currently pending. The complaint was regarding promissory notes and deferred sales trusts. The complaint took place whlie Binkele was registered with Centaurus Financial, Inc.

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 Binkele’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.