Centaurus Financial, Inc. broker Marcel Pahmer (CRD# 4565391) is accused of unsuitable investment recommendations. He has been registered with Centaurus Financial, Inc. in Newport Beach, California, since 2007, and with Newport Wealth Advisors, Inc. in Newport Beach, California, since 2022.
Marcel Pahmer Customer Complaints
He has been the subject of four customer complaints between 2014 and 2024, according to his CRD report. The most recent complaints were regarding:
June 2024. “The customer alleges that in October of 2019, the Registered Representative recommended an unsuitable, high-risk, illiquid investment and breached his fiduciary duty.” The customer is seeking $73,000 in damages, and the case is currently pending. The complaint was regarding corporate debt losses, and it took place while he was registered with Centaurus Financial, Inc.
February 2024. “The customer alleges that in November of 2020, the Registered Representative recommended unsuitable, high-risk, illiquid investments, and breached his fiduciary duty.” The customer is seeking $300,000 in damages, and the case is currently pending. The complaint was regarding corporate debt, direct investments, and real estate security losses, and it took place while he was registered with Centaurus Financial, Inc.
December 2019. “During the period 2013 through 2017, customers allege that the Registered Representative misrepresented unsuitable investments and breached his fiduciary duty.” The case was settled for $295,000. The complaint was regarding real estate securities, and it took place while he was registered with Centaurus Financial, Inc.
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 Marcel Pahmer’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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