Investors might have sustained losses due to securities broker David Segarra [CRD: 4482059, Las Vegas, Nevada], according to disclosures on FINRA BrokerCheck. Evidently, Segarra worked for Centaurus Financial Inc. from July 10, 2007, to January 19, 2024, before joining LPL Financial LLC in January 2024. Keep reading to learn more about the disclosures concerning Segarra.
Specifically, on June 3, 2024, a Centaurus Financial Inc. client filed a complaint about David Segarra. The client alleged that Segarra made unsuitable recommendations and breached his fiduciary duty by recommending illiquid investments. Because of this, the client allegedly sustained damages on real estate securities. Therefore, the client requested $80,000 in compensation from Centaurus Financial Inc. or Segarra. This complaint was closed with no action as of November 22, 2024.
Also, a client of Centaurus Financial Inc. contested David Segarra’s sales practices, according to a complaint dated November 3, 2022. Allegedly, Segarra recommended unsuitable corporate bonds. Therefore, the client sought damages from Centaurus Financial Inc. or Segarra in the amount of $33,000 in this matter.
The claim was subsequently withdrawn, and Segarra denied any wrongdoing, stating that the investment was suitable based on the client's objectives, goals, and financial circumstances.
Looking for more information about David Segarra? 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. Segarra and the brokerage firms he worked for deny accusations of sales practice violations.
Summit Brokerage and Independent Financial Group each appear on a pending customer claim naming Gilbert Conrad (CRD 2746778). Both claims are unproven allegations. His BrokerCheck report also lists settled disputes at Arkadios Capital and Independent Financial Group.
On August 6, 2026, a customer filed a $400,000 FINRA arbitration naming Chad McQuade (CRD 5436281) and Northwestern Mutual. The claim involves outside, third-party real estate investments. It is pending, and McQuade disputes it in a written response.
Christopher Miller (CRD 4044818) has a customer dispute on BrokerCheck that settled on October 7, 2026 for $50,901. The disclosure lists Emerson Equity as the firm.
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