OTTO R BOHON JR Formerly with CENTAURUS

Soreide Law Group is currently investigating on behalf of our clients:  OTTO RAMON BOHON JR. (OTTO R BOHON JR, OTTO BOHON).

Soreide Law Group has also filed a lawsuit involving BOHON on behalf of a retiree who was sold $100.000.00 worth of GWG bonds. OTTO R BOHON JR was previously registered both as a broker and as an investment advisor. He was previously listed with CENTAURUS FINANCIAL, INC of Tucson, Arizona from 07/20/2012 until 10/02/2020.  BOHON is currently not registered.

According to FINRA’s BrokerCheck, available to the public on FINRA’s website, OTTO R BOHON JR, has been in the securities industry for 10 years and was listed with 3 firms.  In the 10 years BOHON has been in the securities industry, BOHON has 8 disclosures.  All 8 disclosures are, “Customer Disputes.” The significance of BOHON’s FINRA Customer Complaints is underscored in FINRA NOTICE to MEMBERS 03-49. FINRA conducted a review of the CRD’s of all registered representatives, .41% had been the subject of 3 or more customer complaints. In other words, OTTO R BOHON JR’s customer complaints rank him in the top one-hundredth percent of all registered representatives for customer complaints.

Of BOHON’s 8 "Customer Disputes," 2 were closed with no action, 2 have settled, and 4 are pending.

In September of 2020, one dispute settled for $465,000.00.  The allegations were, “During the period January 2017 through approximately March 2020, the customer alleges that the Registered Representative breached his fiduciary duty.”

In December of 2021 another dispute settled for $80,000.00, following the allegations, “During the period 2014 through 2016, the customer alleges that the Registered Representative recommended high risk, high commission illiquid investments.”

There were 4 “Customer Disputes” filed against OTTO R BOHON JR in 2022, all are pending. Some of the allegations against BOHON in these 4 disputes are, in part, “During 2020 through 2021, the customers allege that the Registered Representatives recommended illiquid investments, misrepresented an unsuitable risky investment and breached his fiduciary duty, overly concentrated their assets in unsuitable, high-risk and illiquid investments.” The damage amounts requested are, $100,000.00, $100,000.00, $50,000.00 and $100,000.00.

If you’ve experienced financial losses due to the actions or recommendations of OTTO R BOHON JR formerly with CENTAURUS FINANCIAL, INC., of Tucson, Arizona, contact Soreide Law Group and speak to an experienced securities lawyer at no cost regarding the possible recovery of your investment losses though a FINRA arbitration at:  888-760-6552.

Soreide Law Group represents clients nationwide before FINRA on a contingency fee basis, no fee to you if no recovery.