Investors potentially incurred losses because of securities broker Carey Allen James [CRD: 1420763, Arroyo Grande, California], according to publicly available information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. James worked for Centaurus Financial Inc. beginning on August 19, 2004, as a securities broker and later as a financial advisor starting September 10, 2009. Investors are encouraged to review the information below to learn more about disclosures involving James and related client complaints.
Notably, a Centaurus Financial Inc. client filed FINRA Arbitration No. 23-01874 concerning Carey James. Mainly, the client alleged that James recommended illiquid investments that poorly performed. Because of this, the client allegedly incurred damages involving real estate securities. Therefore, on June 6, 2024, Centaurus Financial Inc. settled the matter by paying the client $20,000 in damages.
Additionally, a client of Centaurus Financial Inc. contested Carey James’s sales practices by filing FINRA Arbitration No. 22-02008. Allegedly, James made unsuitable recommendations. It appears that James caused the client to sustain damages linked to real estate securities. As a result, Centaurus Financial Inc. opted to settle the matter on March 6, 2024, by compensating the client in the amount of $35,000.
Also, a Centaurus Financial Inc. client filed FINRA Arbitration No. 22-01631 about Carey James. Primarily, the client alleged that James breached his fiduciary duty and recommended an unsuitable investment. For this reason, the client allegedly experienced damages relating to corporate bonds. Consequently, on December 18, 2023, Centaurus Financial Inc. settled this matter by paying the client $35,000 in damages.
Did you suffer any investment-related losses because of Carey James? Get in touch with Soreide Law Group online or call (888) 760-6552 to speak with a securities attorney about a possible recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the US. Also, the firm works on a contingency fee basis and advances all costs. James and the brokerage firms he worked for deny allegations of sales practice violations.
JOHN LAWRENCE ALEX (JOHN L ALEX) has been registered both as a broker and financial advisor with MORGAN STANLEY of Morristown, New Jersey, since11/15/2011. According to FINRA’s BrokerCheck, available to the public on FINRA’s website, JOHN L ALEX has 36 years of experience in the securities industry and has been registered with 4 firms. Alex […]
JOSEPH KELLY (JOE KELLY) has been registered as a broker with VCS VENTURE SECURITIES of New York, NY since 6/17/2026. He was previously registered with SPARTAN CAPITAL SECURITIES LLC of New York, NY from 01/13/2017 - 12/18/2024. According to FINRA’s BrokerCheck, available to the public on FINRA’s website, JOSEPH KELLY has 21 years of experience […]
Soreide Law Group has filed a FINRA arbitration on behalf of our clients (Claimants) against: CENTAURUS FINANCIAL, INC (Respondent). The Claimants reside in Arizona and are retired. The Claimants were seeking stable investments that would provide them with income. The lawsuit states that the Claimants have a long-standing relationship with CENTAURUS FINANCIAL and its Financial Advisor, […]
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