John Marcheso Facing Client Accusations Of Unsuitable Investments

Soreide Law Group is investigating potential investor claims of sales practice violations possibly committed by securities broker John Noel Marcheso [CRD: 869337, Anaheim, California], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, John Marcheso joined Centaurus Financial Inc. on December 1, 2000. Read below for additional information about the disclosures about this broker.

Centaurus Financial Inc. Investor Accused Marcheso Of Unsuitable Investments

Particularly, on December 19, 2023, a Centaurus Financial Inc. client filed FINRA Arbitration No. 23-03450 about John Marcheso. Supposedly, Marcheso recommended unsuitable investment strategies in alternative investments. Because of this, the client allegedly sustained damages on real estate securities. So, the client requested compensatory damages from Centaurus Financial Inc. or Marcheso. Evidently, this arbitration is pending a resolution.

Centaurus Financial Inc. Investor Accused John Marcheso Of Unsuitable Recommendations

Particularly, on September 8, 2023, a Centaurus Financial Inc. client filed a complaint about John Marcheso. Supposedly, Marcheso recommended an unsuitable REIT that performed badly. Therefore, the client requested $73,000 in compensation from Centaurus Financial Inc. or Marcheso.

Marcheso Disclosed Overconcentration Allegations By Centaurus Financial Inc. Client

Also, a client of Centaurus Financial Inc. contested John Marcheso’s sales practices by filing FINRA Arbitration No. 22-00890. Allegedly, Marcheso overconcentrated the customer’s account in high-risk and illiquid investments. It appears that Marcheso caused the client to sustain damages on oil and gas investments and real estate securities. As a result, Centaurus Financial Inc. opted to settle the matter on November 3, 2023, by compensating the client in the amount of $400,000.

Centaurus Financial Inc. Investor Accused John Marcheso Of REIT Losses

Additionally, a Centaurus Financial Inc. client filed FINRA Arbitration No. 20-01993 about John Marcheso. Supposedly, Marcheso recommended unsuitable real estate securities. Therefore, on August 6, 2020, Centaurus Financial Inc. settled this matter by paying the client $14,750 in damages.

Did You Sustain Losses Because Of Securities Broker Marcheso?

Did you experience losses because of any sales practice violation by financial advisor / securities broker John Marcheso? If so, reach out to Soreide Law Group online or at (888) 760-6552 so you can talk to a securities lawyer concerning a potential recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the United States, represents investors through contingency fees, and advances all costs. Marcheso and brokerage firms Marcheso worked for deny accusations of sales practice violations.