One or more investors possibly experienced losses because of securities broker Donald Ray McFarland (also known as Don McFarland, Donnie McFarland, and Mac McFarland) [CRD: 1206382, Oklahoma City, Oklahoma], according to publicly available information on FINRA BrokerCheck. Notably, Donald McFarland worked for Centaurus Financial, Inc. from October 19, 2004 to December 16, 2021. Read the following sections to know more about the disclosures involving McFarland and what they could mean for affected investors.
Specifically, on July 12, 2024, a Centaurus Financial Inc. client filed FINRA Arbitration No. 24-01490 about Donald McFarland. Mainly, the client alleged that McFarland breached his fiduciary duty, made unsuitable recommendations of risky products, and misrepresented a variable annuity. As a result, the client allegedly experienced damages. Therefore, the client requested compensatory damages from Centaurus Financial or McFarland. Evidently, this arbitration is pending a resolution.
Particularly, a client of Centaurus Financial Inc. disputed Donald McFarland’s sales practices, according to a complaint dated November 14, 2006. Allegedly, McFarland made misrepresentations and made unsuitable recommendations about variable annuities. Supposedly, the securities broker said that the annuities would never lose money and would generate 5 percent annual returns. Consequently, the client sought $119,990.27 in compensation from Centaurus Financial or McFarland in this matter. However, the firm denied this complaint.
McFarland was discharged by Wilbanks Securities on September 23, 2004, for allegedly violating a written contract related to insurance business. Additionally, on August 8, 1988, the Oklahoma Department of Securities sanctioned McFarland for offering unregistered securities and acting as an unregistered agent and financial advisor. He consented to a cease-and-desist order and paid a $2,500 civil penalty.
Do you have questions or concerns about investments you made through Donald McFarland? If so, contact Soreide Law Group online or at (888) 760-6552 and consult with a securities lawyer. Soreide Law Group has recovered losses for investors throughout the United States. Also, the firm takes investor cases on a contingency fee basis and advances the costs. McFarland and brokerage firms McFarland worked for deny allegations of sales practice violations.
Steven Graham (CRD 1977736) denies the allegations in a pending customer claim filed on August 11, 2026. The disclosure names Western International Securities as the firm, and the claim involves corporate bonds. No arbitrator has ruled on it. His BrokerCheck report also lists a settled bond dispute and a federal court matter from earlier years.
A claim filed on September 11, 2024 names Thomas Hamlin (CRD 2208505) over a 10% Senior Unsecured Note in iCap Fund III. Every disclosure on his BrokerCheck report involves an iCap private placement and names Somerset Securities as the firm. Each one settled, and a settlement is not an admission of wrongdoing.
Peter Po's most recent settlement came on June 28, 2026, when a corporate bond claim settled for $40,000. Po (CRD 3106974) appears in several settled customer disputes over corporate and high-yield bonds. The disclosures name NI Advisors or California Securities as the firm, and each matter ended in a settlement, not a finding.
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