Investors potentially experienced losses due to securities broker Surya Joshua Kane Metzler [CRD: 4558292, Newport Beach, California], according to disclosures on FINRA BrokerCheck. Evidently, Metzler worked for Capital Growth Resources from 2007 to 2008 and has since been employed by Centaurus Financial Inc. in Newport Beach, California since November 1, 2011, and by Newport Wealth Advisors Inc. since January 9, 2018. Keep reading to learn more about Surya Metzler’s disclosures and what actions you can take if you’ve suffered investment losses.
Centaurus Financial Inc. Investor Accused Metzler Of Breach Of Fiduciary Duty
Specifically, a Centaurus Financial Inc. client filed FINRA Arbitration No. 23-03497 about Surya Metzler. The client alleged that Metzler made unsuitable recommendations of risky and illiquid investments and he breached his fiduciary duty. Because of this, the client allegedly sustained damages on corporate bonds. Consequently, on February 9, 2024, Centaurus Financial Inc. settled this matter by paying the client $29,800 in damages.
Surya Metzler Disclosed Unsuitable Recommendations Allegations By Centaurus Financial Inc. Client
Also, a client of Centaurus Financial Inc. contested Surya Metzler’s sales practices by filing FINRA Arbitration No. 22-01008. Allegedly, Metzler recommended an unsuitable, high-risk, and illiquid corporate bond. Supposedly Metzler caused the client to sustain damages. Therefore, Centaurus Financial Inc. opted to settle the matter on December 28, 2023, by compensating the client in the amount of $67,025.41.
Metzler Facing Client Dispute Concerning Unsuitable Recommendations
Particularly, a client filed a complaint about Surya Metzler. The client alleged that Metzler made unsuitable recommendations. Because of this, the client allegedly sustained damages on promissory notes and stocks. As a result, on February 15, 2015, Capital Growth Resources settled this matter by paying the client $10,000 in damages.
Centaurus Financial Inc. Investor Accused Metzler Of Recommending Risky Investments
Also, on June 21, 2012, an Ameriprise Financial Services Inc. client filed a complaint about Surya Metzler. The client alleged that Metzler recommended risky real estate securities, resulting in damages. Therefore, the client requested $86,366.17 in compensation from Ameriprise Financial Services Inc. or Metzler. However, the firm denied this complaint.
Surya Metzler Disclosed Forgery Allegations By Ameriprise Financial Services Inc. Client
Specifically, a client of Ameriprise Financial Services Inc. contested Surya Metzler’s sales practices, according to a complaint dated March 1, 2011. Allegedly, Metzler committed forgery. Supposedly Metzler caused the client to sustain damages on variable annuities. Consequently, the client sought damages from Ameriprise Financial Services Inc. or Metzler in the amount of $5,943.09 in this matter. The firm denied this complaint.
Were You Impacted By Securities Broker Surya Metzler?
Do you have questions about investing through Surya Metzler? If so, reach out to Soreide Law Group online or at (888) 760-6552 and consult with a securities lawyer. Soreide Law Group has recovered losses for investors throughout the US, works on a contingency fee basis, and advances all costs. Metzler and brokerage firms Metzler worked for deny accusations of sales practice violations.
