Cheryl Kitashima Involved In Centaurus Financial Investor’s Breach Of Fiduciary Duty Complaint

Investors potentially incurred losses because of securities broker Cheryl Lynn Kitashima [CRD: 729389, Seattle, Washington], based on disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Kitashima has been registered with Centaurus Financial Inc. since June 20, 2005, where she has worked as both a broker and an investment adviser. Investors can see below to discover more about client disputes and disclosures involving Kitashima.

Centaurus Financial Investor Accused Kitashima Of Unsuitable Recommendations

Evidently, a Centaurus Financial Inc. client filed FINRA Arbitration No. 23-03350 regarding Cheryl Kitashima. The client alleged that Kitashima made unsuitable recommendations and breached her fiduciary duty. Because of this, the client allegedly incurred damages relating to corporate bonds. Consequently, on February 19, 2025, Centaurus Financial Inc. settled the matter by paying the client $19,000 in damages.

Cheryl Kitashima Disclosed Breach Of Fiduciary Duty Allegations By Centaurus Financial Client

Particularly, a client of Centaurus Financial Inc. disputed Kitashima’s sales practices by filing FINRA Arbitration No. 15-01657. Allegedly, Kitashima breached her fiduciary duty, was negligent, and made unsuitable recommendations. It appears that Kitashima allegedly caused the client to experience damages relating to direct investments and real estate securities. Therefore, Centaurus Financial Inc. opted to settle the matter on March 7, 2016, by paying the client $22,500.

Centaurus Financial Inc. Investor Accused Kitashima Of Misrepresentation

Notably, a Centaurus Financial Inc. client filed FINRA Arbitration No. 14-03765 about Cheryl Kitashima. Primarily, the client alleged that Kitashima made unsuitable recommendations and misrepresentations, breached her fiduciary duty, and was negligent. For this reason, the client allegedly sustained damages associated with oil and gas investments, real estate securities, and variable annuities. As a result, on March 7, 2016, Centaurus Financial Inc. settled this matter by paying the client $87,500 in damages.

Cheryl Kitashima Disclosed Negligence Allegations By Centaurus Financial Inc. Client

Specifically, a client of Centaurus Financial Inc. contested Cheryl Kitashima’s sales practices by filing FINRA Arbitration No. 14-03862. Allegedly, Kitashima made unsuitable recommendations, committed misrepresentations, breached her fiduciary duty, and was negligent. It appears that Kitashima allegedly caused the client to sustain damages linked to variable annuities and real estate securities. Consequently, Centaurus Financial Inc. opted to settle the matter on March 7, 2016, by compensating the client in the amount of $30,000.

Were You Impacted By Financial Advisor / Securities Broker Kitashima?

Are you concerned regarding investments you made through Cheryl Kitashima? You can contact Soreide Law Group at (888) 760-6552 or online and talk with a securities lawyer regarding a potential recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the United States. Also, the firm takes cases on a contingency fee arrangement and advances all costs. Kitashima and brokerage firms Kitashima worked for deny allegations of sales practice violations.