Investors apparently complained about securities broker Kenneth Alfred McCabe [CRD: 2980438, West Hills, California], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. It appears that McCabe has been registered with Centaurus Financial Inc. as a broker since September 24, 2011, and as an investment adviser since February 29, 2012. Read on for details about McCabe’s disclosures.
Centaurus Financial Inc. Investor Accused McCabe Of Unsuitable Recommendations
Evidently, on July 7, 2025, a Centaurus Financial Inc. client filed FINRA Arbitration No. 25-01246 about Kenneth McCabe. Primarily, the client alleged that McCabe made unsuitable recommendations of high-risk and illiquid investments. Because of this, the client allegedly sustained damages associated with real estate securities. Therefore, the client requested $45,000 in compensation from Centaurus Financial Inc. or McCabe. It appears that this arbitration is pending a resolution.
Kenneth McCabe Disclosed Misrepresentation Allegations By Centaurus Financial Inc. Client
Particularly, a client of Centaurus Financial Inc. disputed Kenneth McCabe’s sales practices by filing FINRA Arbitration No. 21-02529. Allegedly, McCabe made misrepresentations concerning high-commission, illiquid, and unsuitable investments. It appears that McCabe allegedly caused the client to sustain damages relating to real estate securities. As a result, Centaurus Financial Inc. opted to settle the matter on January 25, 2023, by compensating the client in the amount of $95,000.
Also, a Centaurus Financial Inc. client filed FINRA Arbitration No. 20-01329 about Kenneth McCabe. Mainly, the client alleged that McCabe caused poor performance within the client’s investment accounts. For this reason, the client allegedly incurred damages linked to real estate securities. Consequently, on July 2, 2020, Centaurus Financial Inc. settled this matter by purchasing the securities from the client for $51,975.34 in damages.
Were You Impacted By Financial Advisor / Securities Broker Kenneth McCabe?
Are you concerned regarding investments you made with Kenneth McCabe? Contact Soreide Law Group at (888) 760-6552 or online and speak with a securities attorney concerning a possible recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the US. Also, the firm takes cases on a contingency fee arrangement and advances all costs. McCabe and brokerage firms McCabe worked for deny allegations of sales practice violations.
