John Starke In Centaurus Client Disputes Over Unsuitable Trading

Investors might have sustained losses because of securities broker John Calderwood Starke Sr. [CRD: 3154774, Mechanicsville, Virginia], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Starke worked for Centaurus Financial Inc. from June 26, 2015, to January 2, 2024. Continue reading to learn more about Starke's disclosures.

Centaurus Financial Inc. Investor Accused Starke Of Breach Of Fiduciary Duty

Specifically, on February 5, 2024, a Centaurus Financial Inc. client filed FINRA Arbitration: 24-00206 about John Starke. Supposedly, Starke recommended an unsuitable investment and breached his fiduciary duty. Because of this, the client allegedly sustained damages on corporate bonds. Therefore, the client requested $50,000 in compensation from Centaurus Financial Inc. or Starke. Evidently, this arbitration is pending a resolution.

Client Alleged Overconcentration In Illiquid Alternative Securities

Particularly, a client of Centaurus Financial Inc. contested John Starke’s sales practices by filing FINRA Arbitration: 23-03559 on December 18, 2023. Allegedly, Starke concentrated virtually all of the client’s accounts in highly speculative, illiquid private alternative securities. It appears that Starke caused the client to sustain damages on real estate securities. Consequently, the client seeks compensatory relief from Centaurus Financial Inc. or Starke in the amount of $500,000 in this ongoing matter.

Centaurus Financial Inc. Investor Accused Starke Of Unsuitable Recommendations

Also, on October 5, 2023, a Centaurus Financial Inc. client filed FINRA Arbitration: 23-02728 about John Starke. Supposedly, Starke recommended unsuitable investments and breached his fiduciary duty. Because of this, the investor apparently experienced damages on non-traded REITs. As a result, the client requested $400,000 in compensation from Centaurus Financial Inc. or Starke. Evidently, this arbitration is pending a resolution.

John Starke Disclosed Unsuitable Advice Complaint By Centaurus Financial Inc. Client

Additionally, a client of Centaurus Financial Inc. contested John Starke’s sales practices by filing FINRA Arbitration: 23-01511 on June 6, 2023. Allegedly, Starke gave unsuitable advice regarding illiquid and risky investments. It appears that Starke caused the client to sustain damages on corporate bonds and real estate securities. For this reason, the client seeks compensatory relief from Centaurus Financial Inc. or Starke in the amount of $500,000 in this ongoing matter.

Investor Accused Starke Of Recommending Inappropriate Products

Particularly, a Centaurus Financial Inc. client filed FINRA Arbitration: 23-00536 about John Starke Supposedly, Starke recommended overly speculative and illiquid investments. Because of this, the client allegedly sustained damages on real estate securities and corporate bonds. Therefore, on February 13, 2024, Centaurus Financial Inc. settled this matter by paying the client $63,500 in damages.

Starke Disclosed Unauthorized Trading Allegations By Centaurus Financial Inc. Client

Further, a client of Centaurus Financial Inc. contested John Starke's sales practices by filing FINRA Arbitration: 22-01031. Allegedly, Starke improperly recommended high-risk, high commission, and illiquid investment, including corporate bonds and real estate securities. Therefore, Centaurus Financial Inc. opted to settle the matter on October 9, 2023, by compensating the client in the amount of $50,699.85.

Did You Sustain Losses Because Of Starke?

Did you experience losses because of John Starke? 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. Starke and brokerage firms he worked for deny accusations of sales practice violations.