David Segarra Faced Centaurus Financial Investor Dispute Alleging Unsuitable Advice

Investors might have sustained losses due to securities broker David John Segarra [CRD: 4482059, Las Vegas, Nevada], based on disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Segarra worked for LPL Financial LLC beginning January 22, 2024, and previously worked for Centaurus Financial Inc. from October 29, 2008, to January 19, 2024. Investors can see below to discover more about Segarra’s disclosures.

Centaurus Financial Inc. Investor Accused Segarra Of Sales Practice Violation

Evidently, on October 24, 2025, a Centaurus Financial Inc. client filed FINRA Arbitration No. 25-02316 about David Segarra. Mainly, the client alleged that Segarra made unsuitable recommendations involving a high-risk, illiquid investment. Because of this, the client allegedly sustained damages connected to real estate securities. Consequently, the client requested $35,000 in compensation from Centaurus Financial Inc. or Segarra. It appears that this arbitration is pending a resolution.

David Segarra Disclosed Breach Of Fiduciary Duty Allegations By Centaurus Financial Inc. Client

Also, a client of Centaurus Financial Inc. contested David Segarra’s sales practices, according to a complaint dated June 3, 2024. Allegedly, Segarra breached his fiduciary duty and made unsuitable recommendations. It appears that Segarra allegedly caused the client to experience damages relating to real estate securities. Therefore, the client sought compensation from Centaurus Financial Inc. or Segarra in the amount of $80,000 in this matter. However, this complaint closed without a resolution.

Centaurus Financial Inc. Investor Accused Segarra Of Unsuitable Recommendations

Notably, on November 3, 2022, a Centaurus Financial Inc. client filed FINRA Arbitration No. 22-02432 about David Segarra. Primarily, the client alleged that Segarra made unsuitable recommendations involving a high-risk investment. For this reason, the client allegedly experienced damages associated with corporate bonds. As a result, the client requested $33,000 in compensation from Centaurus Financial Inc. or Segarra. However, the client withdrew this claim.

Have You Made Investments Through Financial Advisor / Securities Broker David Segarra?

Did you suffer any investment-related losses because of David Segarra? If so, reach out to Soreide Law Group at (888) 760-6552 or online and consult with a securities lawyer about a possible 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. Segarra and brokerage firms Segarra worked for deny allegations of sales practice violations.