Patrick Hobert Connected To Centaurus Financial Clients’ Arbitration Claims About Breach Of Fiduciary Duty

One or more investors possibly experienced losses due to securities broker Patrick Roland Hobert [CRD: 805680, Newport Beach, California], according to public information reported on FINRA BrokerCheck. Patrick Hobert joined Centaurus Financial Inc. on July 9, 2007, serving in both securities broker and financial advisor roles. Read below to understand more about the client complaints and regulatory disclosures involving Hobert.

Centaurus Financial Client Accused Hobert Of Misrepresentation

Particularly, on May 28, 2025, a Centaurus Financial Inc. client filed FINRA Arbitration No. 25-01079 about Patrick Hobert. Allegedly, Hobert made misrepresentations and made unsuitable recommendations. As a result, the client allegedly sustained damages relating to corporate bonds. So, the client requested $65,000.00 in compensation from Centaurus Financial Inc. or Hobert. Evidently, this arbitration is awaiting a resolution.

Centaurus Financial Investor Accused Patrick Hobert Of Breach Of Fiduciary Duty

In addition, a client of Centaurus Financial Inc. took aim at Patrick Hobert’s sales practices in FINRA Arbitration No. 24-01173 on June 5, 2024. Supposedly, Hobert breached his fiduciary duty and made unsuitable recommendations concerning real estate securities. Consequently, the client seeks compensation from Centaurus Financial Inc. or Hobert in the amount of $100,000.00 in this ongoing matter.

Investor Alleged Unsuitable Recommendations About REITs, Bonds

Also, a Centaurus Financial Inc. client filed FINRA Arbitration No. 24-01591 about Patrick Hobert. Allegedly, Hobert gave unsuitable advice and breached his fiduciary duty. For this reason, the client allegedly incurred damages linked to risky corporate bonds and illiquid real estate securities. Therefore, on May 20, 2025, Centaurus Financial Inc. settled this matter by paying the client $35,000 in damages.

Patrick Hobert Disclosed Unsuitable Bond Advice Allegations By Centaurus Financial Client

Additionally, a client of Centaurus Financial Inc. contested Patrick Hobert’s sales practices in FINRA Arbitration No. 25-00766 on April 23, 2025. Mainly, the client alleged that Hobert recommended an unsuitable corporate bond, resulting in damages. Consequently, the client seeks compensation from Centaurus Financial Inc. or Hobert in the amount of $99,000 in this ongoing matter.

Centaurus Client Accused Hobert Of Unsuitable Alternative Investments

Evidently, a Centaurus Financial Inc. client filed FINRA Arbitration: FINRA Arbitration No. 23-03450 about Patrick Hobert. Allegedly, Hobert made unsuitable recommendations concerning alternative investments. Because of this, the client allegedly sustained damages connected to illiquid REITs or non-traded REITs. Therefore, on December 27, 2024, Centaurus Financial Inc. settled this matter by paying the client $14,000.00 in damages.

Patrick Hobert Disclosed Breach Of Fiduciary Duty Allegations By Centaurus Financial Client

Also, a client of Centaurus Financial Inc. disputed Patrick Hobert’s sales practices by filing FINRA Arbitration: FINRA Arbitration No. 23-02484. Supposedly, Hobert made unsuitable recommendations and breached his fiduciary duty relating to speculative corporate bonds. Consequently, Centaurus Financial Inc. opted to settle the matter on January 8, 2024, by compensating the client in the amount of $10,000.00.

Looking For More Information About Securities Broker / Financial Advisor Hobert?

Are you concerned regarding investments you made with Patrick Hobert? If so, contact Soreide Law Group online or at (888) 760-6552. Speak with a securities lawyer concerning a potential recovery. Soreide Law Group helps to recover losses for investors throughout the USA. Also, the firm works on a contingency fee arrangement and advances all costs. Hobert and brokerage firms Hobert worked for deny allegations of sales practice violations.