Financial Industry Regulatory Authority (FINRA) BrokerCheck reveals disclosures about securities broker Marcel Pahmer (CRD#: 4565391, Newport Beach, California). Pahmer worked for Centaurus Financial Inc. from November 2007 to January 2025 and previously for AXA Advisors LLC from October 2002 to November 2007.
Recent disclosures reveal concerns about Pahmer’s conduct, including allegations of recommending unsuitable, high-risk, illiquid investments and breaching fiduciary duties.
Pending Client Disputes About Marcel Pahmer Alleged Unsuitable Recommendations, Breach of Fiduciary Duty
On June 13, 2024, a client of Centaurus Financial Inc. filed a FINRA arbitration claim (FINRA Arbitration No. 24-01254), alleging that Pahmer recommended an unsuitable, high-risk, illiquid investment in October 2019. The client is seeking damages of $73,000. Pahmer denies the allegations, asserting that the investments were suitable and based on the client’s financial objectives and circumstances.
On February 27, 2024, another client filed a FINRA arbitration claim (FINRA Arbitration No. 24-00371) against Pahmer, alleging that in November 2020, he recommended bad investments and breached his fiduciary duty. The client is seeking damages of $300,000. Pahmer has denied any wrongdoing and stated that the investments were appropriate and fully disclosed to the client.
Settled Client Disputes Alleged Misrepresentation, Omissions
On December 13, 2019, clients alleged that between 2013 and 2017, Pahmer misrepresented unsuitable investments and breached his fiduciary duty. The case settled on September 10, 2021, for $295,000. Pahmer did not contribute financially to the settlement.
On August 15, 2014, a client alleged that Pahmer did not disclose the risks of investments purchased in June 2014. The dispute settled on November 12, 2014, for $9,318.40. Pahmer claimed that the client had acknowledged the risks of the investments through multiple disclosure forms. He stated that he assisted in obtaining a full refund of the client's principal investment.
Looking for more information about Marcel Pahmer? If so, reach out to Soreide Law Group online or at (888) 760-6552 to speak with a securities attorney. Soreide Law Group works on a contingency basis, advances all costs, and assists clients throughout the country with recovering losses from sales practice misconduct. Pahmer and the firms he worked for deny accusations of sales practice violations.
