Another lawsuit filed against Questar Capital and Centaurus Financial to recover investment losses

BALTIMORE - Feb. 10, 2015 - PRLog -- The White Law Group announces that it has filed a Financial Industry Regulatory Authority (FINRA) arbitration statement of claim against Questar Capital and Centaurus Financial.  This claim seeks to recover losses between $100,000 and $499,999.

The claim, filed by The White Law Group, was submitted to FINRA Dispute Resolution on behalf of two Maryland investors alleging claims for violation of common law fraud, breach of fiduciary duty, negligence, and negligent supervision. The claim further alleges that Questar Capital and Centaurus Financial unsuitably invested the clients in Core Realty Series A Debenture (2007, 8% Secured), KBS REIT, TIER REIT (f/k/a Behringer Harvard REIT I), Healthcare Trust of America, Monogram Residential Trust (f/k/a Behringer Harvard Multifamily REIT I), and CORE Series 2008-A 9% Secured Debenture.

Before recommending an investment, a broker-dealer has a fiduciary duty to adequately disclose the risks involved in the investment and to perform the necessary due diligence to determine whether the investment is suitable for the investor.  It is alleged that Questar Capital and Centaurus Financial failed to perform the necessary due diligence on these investments prior to recommending them to these particular investors.

Finally, it is alleged that William W. Gammon was the financial advisor of record at the time of the investment recommendations.  According to his FINRA Broker Report, Mr. Gammon has been the broker of record in more than 15 customer complaints.

FINRA Dispute Resolution is an arbitration venue for investors with claims against their brokerage firm or financial professional.  It provides investors with an opportunity to attempt to recoup their investment losses and is an alternative to filing such claims in court.

For more information on the claim filed by The White Law Group, please contact the firm's Chicago office at 312-238-9650.

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida.  For more information on The White Law Group and its representation of investors in FINRA arbitration claims, visit http://www.whitesecuritieslaw.com.