Investors have reportedly disputed the sales practices of securities broker Donna Louise Payne (also known as Donna Louise Klink) [CRD: 1007323, Summerland, California], based on publicly available information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. It appears that Payne has been registered with Centaurus Financial Inc. as both a broker and investment adviser since December 15, 2010, and December 16, 2010, respectively. Keep reading to learn more about the disclosures involving this securities broker.
Evidently, a Centaurus Financial Inc. client filed FINRA Arbitration No. 23-03450 about Donna Payne. Primarily, the client alleged that Payne made unsuitable recommendations involving illiquid real estate securities and investment strategies. Because of this, the client allegedly experienced damages on real estate securities. Therefore, on December 27, 2024, Centaurus Financial Inc. settled this matter by paying the client $15,000 in damages.
Notably, a client of Centaurus Financial Inc. disputed Payne’s sales practices by filing FINRA Arbitration No. 23-01881. Allegedly, Payne improperly recommended a high-risk and illiquid investment. It appears that Payne allegedly caused the client to sustain damages associated with corporate bonds. Consequently, Centaurus Financial Inc. opted to settle the matter on October 24, 2024, by compensating the client in the amount of $22,500.
Also, a client filed a complaint about Donna Payne. Mainly, the client alleged that Payne made misrepresentations. For this reason, the client allegedly incurred damages connected to variable annuities. As a result, on August 26, 2001, UBS PaineWebber Inc. settled this matter by paying the client $4,750 in damages.
Are you concerned regarding investments you made with Donna Payne? If so, reach out to Soreide Law Group online or at (888) 760-6552 and speak with a securities lawyer about a potential recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the United States. Also, the firm works on a contingency fee basis and advances all costs. Payne and brokerage firms Payne worked for deny accusations of sales practice violations.
Soreide Law Group has filed a FINRA arbitration on behalf of our clients (Claimants) against: CONCORDE INVESTMENTS SERVICES, LLC, and BERTHEL, FISHER & COMPANY FINANCIAL SERVICES, INC (Respondents). The Claimants are in their late 70s, retired, and according to the lawsuit, were not looking to take any unnecessary risks with their retirement savings. The Claimants […]
THEODORE WILLIAM BYRER (THEODORE W BYRER, TED BYRER) was registered as a broker with MORGAN STANLEY of Indianapolis, Indiana, from 11/11/2013 - 04/20/2023. He was most recently registered with INTERNATIONAL ASSETS ADVISORY, INC of Westfield, Indiana, from 05/09/2023 - 09/17/2024. According to his BrokerCheck CRD report, dated 7/23/2026, THEODORE W BYRER was suspended for 14 […]
MARK LAWRENCE SULLIVAN (MARK SULLIVAN, MARK L SULLIVAN), formerly with UBS Wealth Management USA in New York City, was fined $10,000 and suspended for three months by the Financial Industry Regulatory Authority (FINRA) over allegations that he traded in customers’ accounts without the proper approval. Sullivan was previously registered both as a broker and as an […]
Phone:
Fax: 1-954-760-6553
Email: info@securitieslawyer.com