There are options for customers of Centaurus Financial, Inc. broker John Marcheso (CRD# 869337) regarding real estate securities losses. He has been registered with Centaurus Financial, Inc. in Anaheim, California, and Rathdrum, Idaho, since 2000.
John Marcheso Customer Complaints
He has been the subject of four customer complaints between 2020 and 2023, according to his CRD report:
December 2023. “The customer alleges that the Registered Representative recommended unsuitable investments and investment strategies in various illiquid alternative investments. No specific dates for the alleged activity were identified in the Statement of Claim.” The complaint was regarding real estate security losses.
September 2023. “The customer alleges that the Registered Representative recommended an unsuitable investment with poor performance. No specific dates for the alleged activity were identified in the written complaint.” The customer is seeking $73,000 in damages. The complaint was regarding real estate security losses.
May 2022. “During the period 2013 to present, the customers allege that the Registered Representative over concentrated and recommended unsuitable, high-risk, and illiquid investments.” The customer sought $1 million in damages, and the case was settled for $400,000. The complaint was regarding oil and gas investment and real estate securities. The case was regarding real estate securities and oil and gas investments.
June 2020. “During the period 2012 to present, the customer alleges that the Registered Representative recommended an unsuitable investment.” The customer sought $50,000 in damages and the case was settled for $14,750. The complaint was regarding real estate securities. The complaint was regarding real estate security losses.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Centaurus Financial, Inc. may be liable for investment or other losses suffered by John Marcheso’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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