Were you the victim of Centaurus Financial, Inc. broker Lawrence Depaul Jr. (CRD# 4540570)? He has been registered with Centaurus Financial, Inc. in Newport Beach, California, since 2011, and with Newport Wealth Advisors, Inc. in Newport Beach, California, since 2018.
Lawrence Depaul Jr. Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
February 2024. “The customer alleges that during the period of 2019 through 2021, the Registered Representative recommended unsuitable, high-risk, illiquid investments, and breached his fiduciary duty.” The customer is seeking $100,001 in damages, and the case is currently pending. The complaint was regarding corporate debt.
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 Lawrence Depaul Jr.’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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