SEC Action, Centaurus Client Disputes Disclosed By Broker Dana Hawkins

Soreide Law Group is currently conducting an investigation on behalf of investors who have suffered losses caused by securities broker Dana Matthew Hawkins (CRD#: 5731136, Lexington, South Carolina). Hawkins, who works with Centaurus Financial Inc. since May 19, 2015, has previously been registered with JP Turner Company, LLC in Lexington, SC from March 14, 2011, to June 15, 2015. With a history of client disputes against Hawkins alleging unsuitable investment recommendations, misrepresentation, and breaches of fiduciary duty, and a pending case initiated by the United States Securities and Exchange Commission against him, our firm is reaching out to investors who may have been affected by Hawkins' alleged misconduct.

United States Securities And Exchange Commission Charged Hawkins With Regulation Best Interest Violations

Evidently, on August 24, 2023, United States Securities and Exchange Commission initiated Case: C-08829 against Dana Hawkins. Namely, the United States Securities and Exchange Commission alleged that Hawkins potentially violated Rule 151-1(a) of the Securities Exchange Act of 1934, known as Regulation Best Interest. Therefore, the United States Securities and Exchange Commission intends to sanction Hawkins.

This regulatory action stems from Dana Hawkins's tenure at Centaurus Financial Inc., where he was involved with corporate debt products. As of now, the case remains pending, leaving the final outcome and potential consequences for Hawkins undecided.

Dana Hawkins Disclosed Unsuitable Investment Allegations By Centaurus Financial Inc. Client

Also, a client of Centaurus Financial Inc. contested Dana Hawkins's sales practices by filing FINRA Arbitration: 19-01504. Supposedly, Hawkins recommended investments that were unsuitable and breached his fiduciary duty from 2010 through 2019. It appears that Hawkins caused the client to sustain damages on corporate bonds and real estate securities. Therefore, Centaurus Financial Inc. opted to settle the matter on September 21, 2020, by compensating the client in the amount of $82,500.

Centaurus Financial Inc. Investor Accused Hawkins Of Breach Of Fiduciary Duty

Additionally, a Centaurus Financial Inc. client filed FINRA Arbitration: 20-01073 about Dana Hawkins. Evidently, the client alleged that Hawkins misrepresented unsuitable investments and breached his fiduciary duty during the period 2012 through April 2020. Because of this, the client allegedly sustained damages on certificates of deposit and real estate securities. Therefore, on July 21, 2021, Centaurus Financial Inc. settled this matter by paying the client $11,250 in damages.

Dana Hawkins Disclosed Misrepresentation Allegations By JP Turner And Company Client

A client of JP Turner and Company, also known as Cetera Financial Group and Centaurus Financial Inc., disputed Dana Hawkins's sales methods by initiating FINRA Arbitration: 20-00616. The client claimed that Hawkins misrepresented unsuitable investments and failed to uphold his fiduciary duty. As a consequence, it seems that Hawkins's actions led to the client incurring losses in real estate securities and corporate bonds. To resolve the issue, JP Turner and Company decided to settle on June 2, 2021, for $42,500 in damages. However, Hawkins firmly rejected any misconduct and considered the claims unfounded.

Cetera Financial Group Investor Accused Hawkins Of Unsuitable Trading

A Cetera Financial Group client filed FINRA Arbitration: 20-00415 concerning Dana Hawkins. The client alleged that, from approximately 2011 through February 2020, Hawkins made unsuitable investment choices and violated his fiduciary duty. These actions reportedly resulted in the client experiencing financial harm involving CDs and corporate debt. Consequently, on April 28, 2021, Cetera Financial Group settled the matter by compensating the client $33,500 in damages. However, Dana Hawkins denied any wrongdoing and considered the client’s claim baseless.

Dana Hawkins Disclosed Misrepresentation Allegations By Centaurus Financial Inc. Client

A client of Centaurus Financial Inc. contested the sales practices of Dana Hawkins by submitting FINRA Arbitration: 19-03012. The client accused Hawkins of misrepresenting unsuitable investments during the period from 2010 to June 2018. This purported misrepresentation led the client to sustain financial damages in real estate securities and CDs. In light of these events, Centaurus Financial Inc. chose to settle on November 30, 2020, compensating the client with $14,750. Hawkins has adamantly refuted any misconduct, labeling the allegations as completely unfounded.

Seek Legal Counsel If You Were Affected By Hawkins

Did you experience losses because of Dana Hawkins? If so, reach out to Soreide Law Group online or at (888) 760-6552 and talk with a securities attorney concerning a potential recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the United States, works on a contingency fee basis, and advances all costs. Hawkins and brokerage firms he worked for deny accusations of sales practice violations.