Centaurus Financial Broker Marty Dickerson (Centaurus Financial) Facing Accusations Of Unsuitable Trading, Negligence
Soreide Law Group comes to you with important information regarding securities broker Marcious Dickerson (“Marty Dickerson”) (CRD#: 1053338, Livonia, Michigan). According to Financial Industry Regulatory Authority (FINRA) BrokerCheck, four investors filed disputes about Dickerson. Three of those disputes concern Dickerson’s actions at Centaurus Financial, where he has worked since June 2001. One of the disputes concerns his actions at a previous firm, Vestax Securities Corporation. Let's take a closer look at the allegations which investors made against Dickerson.
Centaurus Financial Client Alleges Unauthorized Trading By Marty Dickerson
Evidently, a client of Centaurus Financial came forward with a dispute about Marty Dickerson in February 2021. This FINRA Arbitration Claim mainly alleges that Dickerson engaged in unauthorized trading. Supposedly, Dickerson made mutual fund trades without the client’s knowledge or consent in 2020. Because of this, the client asked for compensation in this ongoing matter.
Dickerson’s Client At Centaurus Financial Alleges Breach Of Fiduciary Duty, Negligence
BrokerCheck shows that a second Centaurus Financial client disputed Marty Dickerson’s actions. The FINRA Arbitration Claim contains allegations of violation of the Michigan State Securities Act, breach of fiduciary duty, breach of contract, unsuitability, negligence, and misrepresentation. It appears that these alleged sales practice violations caused the client to incur losses on a variable annuity, life insurance product, mutual fund, and real estate security. Evidently, Centaurus Financial agreed to pay $22,000 to the client to resolve this matter in 2015.
Marty Dickerson Purportedly Makes Unsuitable Recommendations To Centaurus Financial Client
The third dispute from a Centaurus Financial client concerns Marty Dickerson’s sales of a variable annuity and real estate security. Supposedly, Dickerson misrepresented information about these investments and provided bad advice. Not only that, but the client alleged violation of securities laws, breach of contract, and the breach of fiduciary duty by the securities broker in connection with these securities transactions. Because of this, Centaurus Financial opted to settle this matter by making an $18,000 payment to the client.
Vestax Client Alleges Unauthorized Mutual Fund Purchase By Dickerson
In addition, a client of Vestax brought a dispute about Marty Dickerson. Supposedly, Dickerson purchased shares of a mutual fund in the client's SEP-IRA without obtaining their authorization. In addition, Dickerson purportedly transferred their money market accounts from A shares to B shares. It appears that Dickerson caused the client to incur losses through unauthorized transactions. Evidently, Vestax paid the client $7,500 to settle this matter.
Losses Through Marty Dickerson?
Did you suffer losses because of Marty Dickerson? If so, call Soreide Law Group at (888) 760-6552 and speak with a helpful securities lawyer about a potential recovery of your losses. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The firm has recovered substantial compensation for hundreds of United States investors who have incurred losses from their financial advisors and securities brokers. Please note that Dickerson denies allegations of his sales practice violations.
