RICKY ALAN MANTEI

RICKY ALAN MANTEI (RICKY ALAN MANTEL) CRD#: 1098981, according to FINRA’s BrokerCheck, has 10 “Pending” Customer Disputes filed against him in 2020, 17 Customer Disputes from 2019, with 16 “Pending” and one that “Settled.” In 2018, there were 3 Customer Disputes, 2 have “Settled” and one was “Closed-No Action.”  There 5 additional Customer Disputes from previous years, of which 4 “Settled” and one was “Denied.” Which brings the total to 35 Customer Disputes on Ricky Mantei’s FINRA CRD Report. 
RICKY ALAN MANTEI is currently registered with Centaurus Financial of Lexington, South Carolina.  He has been with Centaurus Financial since May of 2015.  He was previously listed with J.P. Turner, also of Lexington, South Carolina from April of 2010 through June of 2015.
One example, in May of 2020, there was a FINRA arbitration filed against Centaurus Financial, Inc. and JP Turner & Company, LLC related to investments associated with RICKY ALAN MANTEI and another broker, registered representatives of Centaurus Financial, Inc. in Lexington, South Carolina. The allegations were as follows, “During the period of approximately 2011 through March 2020, the Customer alleges that the financial advisor misrepresented unsuitable investments and breached his fiduciary duty.”  The damage amount requested is $100,000.
According to the claim, the client allegedly sought conservative investments that would maintain the widow’s retirement savings while generating an income. The widow allegedly told her brokers that she was not interested in speculative investments. However, RICKY ALAN MANTEI and another associate, allegedly generated large commissions and recommended that the client concentrate her accounts in complex, high-risk, illiquid and unsuitable structured products through alleged misrepresentation.
Structured products are complex securities that typically consist of a note and a derivative, most often an option. They are typically marketed as debt securities. Structured products do not trade on an exchange and are generally not liquid investments. Structured products are issued by brokerage firms and are registered with the SEC.
According to FINRA’s BrokerCheck, available to the public on FINRA’s website, all 10 “Customer Disputes” from 2020 filed against RICKY ALAN MANTEI, list as one of the many allegations, “unsuitable investments.” Mantei has been in the securities industry for 37 years and was listed with 7 firms.  He has been listed with the following firm since 5/19/2015:
CENTAURUS FINANCIAL, INC.
4580 SUNSET BLVD.
LEXINGTON, SC
The most recent firms he was previously listed with were:
04/12/2010 - 06/15/2015  JP TURNER & CO CAPITAL MANAGEMENT LLC. - LEXINGTON, SC
03/30/2010 - 06/15/2015  JP TURNER & CO, LLC - LEXINGTON, SC
If you’ve experienced losses due to the actions or recommendations of the CENTAURUS FINANCIAL of Lexington, South Carolina broker, RICKY ALAN MANTEI, formerly of JP Turner & Co. also of Lexington, South Carolina, contact Soreide Law Group and speak to an experienced securities lawyer regarding the possible recovery of your investment losses through a FINRA arbitration at:  888-760-6552.
Soreide Law Group works on a contingency fee basis and we represent our clients nationwide before FINRA.