Investors potentially experienced sales practice violations due to securities broker Fera Shivaee (also known as Fereshteh Fera, Fereshteh Nahavandi, and Fereshteh Shivaee) [CRD: 2271590, Laguna Niguel, California], according to disclosures on FINRA BrokerCheck. Shivaee has worked for Centaurus Financial Inc. since November 25, 1997, as a broker and since December 31, 1997, as an investment adviser. Read below to learn more about the disclosures involving Shivaee.
Centaurus Financial Investor Accused Fereshteh Shivaee Of Unsuitable Recommendations
Evidently, on January 28, 2025, a Centaurus Financial Inc. client filed FINRA Arbitration No. 25-00183 about Fera Shivaee. Primarily, the client alleged that Shivaee made unsuitable recommendations in risky investments between 2020 and 2024. Consequently, the investor allegedly incurred damages linked to variable annuities, corporate bonds, and real estate securities. For this reason, the client requested $500,000.00 in compensation from Centaurus Financial Inc. or Shivaee. This arbitration is pending a resolution.
Fera Shivaee Disclosed Breach Of Fiduciary Duty Allegations By Centaurus Financial Client
Particularly, a client of Centaurus Financial Inc. contested Fera Shivaee’s sales practices by bringing FINRA Arbitration No. 23-02116. Allegedly, Shivaee recommended unsuitable investments and breached her fiduciary duty relating to corporate bonds. Therefore, Centaurus Financial Inc. agreed to settle the matter on September 13, 2024, by paying $39,500.00.
Centaurus Financial Investor Accused Fereshteh Shivaee Of Negligence
Also, a Centaurus Financial Inc. client filed FINRA Arbitration No. 13-02924 about Fera Shivaee. The client alleged that Shivaee made unsuitable recommendations, breached her fiduciary duty, was negligent, made misrepresentations and omissions, and violated FINRA rules regarding real estate investment trusts (REITs). As a result, on May 26, 2015, a FINRA Arbitration Panel issued an Award ordering Centaurus Financial Inc. and Shivaee to pay the client $405,778.00 in compensatory damages.
Have You Made Investments Through Securities Broker Fera Shivaee?
Do you have concerns or questions regarding investments you made with Fera Shivaee? If so, contact Soreide Law Group at (888) 760-6552 or online and talk with a securities lawyer regarding recovering your investment losses. Soreide Law Group has recovered losses for investors throughout the United States. The firm also takes cases on a contingency fee basis and advances all costs. Shivaee and brokerage firms Shivaee worked for deny accusations of sales practice violations.
