Otto Bohon Involved In Centaurus Financial Investor Complaints About Unsuitable Advice

Investors potentially incurred losses because of securities broker Otto Ramon Bohon Jr [CRD: 5677597, Tucson, Arizona], based on publicly available information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. It appears that Bohon worked for Centaurus Financial Inc. from July 20, 2012, to October 2, 2020. Keep reading to find out more about Bohon’s disclosures.

Centaurus Investor Accused Bohon Of Unsuitable Recommendations

Notably, on June 16, 2025, a Centaurus Financial Inc. client filed FINRA Arbitration No. 25-01160 about Otto Bohon. Primarily, the client alleged that Bohon made unsuitable recommendations involving complex, high-risk, and illiquid investments. Because of this, the client allegedly experienced damages connected to corporate bonds and real estate securities. Therefore, the client requested $350,000 in compensation from Centaurus Financial Inc. or Bohon. It appears that this arbitration is awaiting a resolution.

Otto Bohon Disclosed Misrepresentation Allegations By Centaurus Financial Inc. Client

Specifically, a client of Centaurus Financial Inc. contested Otto Bohon’s sales practices by filing FINRA Arbitration No. 24-02047. Allegedly, Bohon made misrepresentations, breached his fiduciary duty, and made unsuitable recommendations regarding risky, complex, and illiquid investments. It appears that Bohon allegedly caused the investor to sustain damages associated with variable annuities and real estate securities. As a result, Centaurus Financial Inc. opted to settle the matter on August 20, 2025, by compensating the client in the amount of $3,900,000.

Centaurus Financial Inc. Investor Accused Bohon Of Breaching His Fiduciary Duty

Evidently, a Centaurus Financial Inc. client filed FINRA Arbitration No. 24-02025 about Otto Bohon. Mainly, the client alleged that Bohon misrepresented high-risk and illiquid investments and breached his fiduciary duty. For this reason, the client allegedly incurred damages on variable annuities, life insurance products, and real estate securities. Consequently, on August 20, 2025, Centaurus Financial Inc. settled this matter by paying the client $3,900,000 in damages.

Otto Bohon Disclosed Unsuitable Advice Allegations By A Centaurus Financial Inc. Client

Also, a client of Centaurus Financial Inc. disputed Otto Bohon’s sales practices by filing FINRA Arbitration No. 24-01625 on July 26, 2024. Allegedly, Bohon made unsuitable recommendations of high-risk and illiquid investments and breached his fiduciary duty. It appears that Bohon allegedly caused the client to sustain damages relating to corporate bonds. Therefore, the client seeks compensation from Centaurus Financial Inc. or Bohon in the amount of $100,000 in this ongoing matter.

Centaurus Financial Inc. Investor Accused Bohon Of Improperly Recommending A High-Risk And Illiquid Investment

Particularly, a Centaurus Financial Inc. client filed FINRA Arbitration No. 23-00037 about Otto Bohon. Primarily, the client alleged that Bohon improperly recommended a high-risk and illiquid investment. Because of this, the client allegedly sustained damages connected to corporate bonds. As a result, on December 6, 2023, Centaurus Financial Inc. settled this matter by paying the client $49,750 in damages.

Did You Invest With Financial Advisor / Securities Broker Otto Bohon?

Did you suffer any investment-related losses because of Otto Bohon? You can get in touch with Soreide Law Group online or at (888) 760-6552 and consult with a securities lawyer about a potential recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the United States. Also, the firm works on a contingency fee basis and advances all costs. Bohon and brokerage firms Bohon worked for deny accusations of sales practice violations.