Investors might have sustained losses due to securities broker William Dale Dobbs [CRD: 1064156, Clinton, Tennessee], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Dobbs joined Centaurus Financial Inc. on April 7, 2009, in the capacities of both a securities broker and a financial advisor. Below, you’ll find a summary of the securities broker’s disclosures.
Particularly, on June 11, 2024, a Centaurus Financial Inc. client filed FINRA Arbitration No. 24-01238 about William Dobbs. Mainly, the client alleged that Dobbs breached his fiduciary duty and recommended unsuitable, high-risk, and illiquid corporate bonds. For this reason, the client requested $30,920 in compensation from Centaurus Financial Inc. or Dobbs. Evidently, this arbitration is pending a resolution.
Particularly, a client of Centaurus Financial Inc. contested William Dobbs’s sales practices by filing FINRA Arbitration No. 24-00568 on March 19, 2024. Allegedly, Dobbs recommended unsuitable, high-risk investments and breached his fiduciary duty. Therefore, the client seeks damages from Centaurus Financial Inc. or Dobbs in the amount of $138,000 in this ongoing matter.
Evidently, a Centaurus Financial Inc. client filed FINRA Arbitration No. 23-02583 about William Dobbs. Supposedly, Dobbs breached his fiduciary duty by recommending a speculative, high-risk, illiquid corporate bond. As a result, on January 23, 2024, Centaurus Financial Inc. settled this matter by paying the client $12,000 in damages.
Specifically , a client of Centaurus Financial Inc. contested William Dobbs’ sales practices by filing FINRA Arbitration No. 23-00947. Allegedly, Dobbs breached his fiduciary duty to the customer, given the risky investments he recommended. For this reason, Centaurus Financial Inc. opted to settle the matter on January 8, 2024, by compensating the client in the amount of $17,800.
Evidently, a New England Securities client filed Case No. CV806723 about William Dobbs. Mainly, the client alleged that Dobbs was negligent, made negligent misrepresentations related to the sale of variable universal life insurance, and committed a breach of fiduciary duty. Because of this, on February 25, 2004, New England Securities settled this matter by paying the client $70,000 in damages.
Suffer losses due to financial advisor / securities broker William Dobbs? If you have, reach out to Soreide Law Group online or at (888) 760-6552 and talk to a securities lawyer concerning a possible recovery. Soreide Law Group has obtained recoveries for many investors throughout the United States, works on a contingency fee basis, and advances all costs. Dobbs and brokerage firms Dobbs worked for deny accusations of sales practice violations.
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