Lisa Mantei Tied To Centaurus Financial Investor Arbitration Claims About Unsuitable Advice

Investors might have sustained losses because of securities broker Lisa Babin Mantei (also known as Lisa Lyn Babin-Mantei and Lisa Lyn Mantei) [CRD: 2230735, Lexington, South Carolina], based on publicly available information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Mantei worked for Centaurus Financial Inc. since May 19, 2015, and was also previously employed by J.P. Turner & Company, L.L.C. from March 30, 2010, to June 15, 2015. Read below for details about Lisa Mantei’s disclosures involving investor disputes and settlements.

Mantei Disclosed Unsuitable Advice Allegations By Centaurus Financial Client

Notably, a client of J.P. Turner and Company (also known as Cetera Financial Group and Centaurus Financial Inc.) contested Lisa Mantei’s sales practices by filing FINRA Arbitration No. 23-01597. Allegedly, Mantei recommended risky and illiquid investments. It appears that Mantei caused the client to sustain damages linked to corporate bonds. Consequently, J.P. Turner and Company aka Cetera Financial Group and Centaurus Financial Inc. opted to settle the matter on March 12, 2024, by compensating the client in the amount of $45,000.

Centaurus Financial Investor Accused Lisa Mantei Of Misrepresentation

Evidently, a Centaurus Financial Inc. client filed FINRA Arbitration No. 20-01267 about Lisa Mantei. Mainly, the client alleged that Mantei made misrepresentations of material fact and recommended unsuitable investments. Because of this, the client allegedly incurred damages associated with CDs, corporate bonds, and real estate securities. Therefore, on November 17, 2020, J.P. Turner and Company aka Cetera Financial Group and Centaurus Financial Inc. settled this matter by paying the client $5,000 in damages.

Centaurus Financial Investor Accused Mantei Of Breach Of Fiduciary Duty

Specifically, a Centaurus Financial Inc. client filed FINRA Arbitration No. 19-02273 about Lisa Mantei. Primarily, the client alleged that Mantei misrepresented unsuitable investments and breached her fiduciary duty. For this reason, the investor allegedly sustained damages relating to CDs, corporate bonds, and real estate securities. As a result, on July 16, 2020, J.P. Turner and Company aka Cetera Financial Group and Centaurus Financial Inc. settled this matter by paying the client $55,000 in damages.

Did You Invest With Financial Advisor / Securities Broker Lisa Mantei?

Do you need clarification on any investment losses associated with Lisa Mantei? You can get in touch with Soreide Law Group online or at (888) 760-6552 and consult with a securities attorney about a potential recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the United States. Also, the firm takes cases on a contingency fee arrangement and advances all costs. Mantei and brokerage firms Mantei worked for deny allegations of sales practice violations.