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Follow on Google News | FINRA Arbitration filed against Centaurus Financial to recover alternative investment lossesThe White Law Group announces the filing of another FINRA arbitration claim against Centaurus Financial to attempt to recover investment losses in Core 2007 and Core 2008 Debentures, KBS REIT, Behringer Harvard REIT, and Healthcare Trust of America.
By: The White Law Group The claim filed by The White Law Group was filed on behalf of a Maryland investor and alleges claims for fraud, breach of fiduciary duty, negligence, and negligent supervision. The claim specifically alleges that the investors were unsuitably invested in various high risk alternative investments and that Centaurus Financial only selected the investments because of the commissions generated as a result of the recommendations. The claim further alleges that Centaurus Financial failed to perform the proper due diligence on the investments prior to offering them for sale to its client. Broker-dealers have a fiduciary duty to perform adequate due diligence on any investment prior to recommending them for sale to their clients and to ensure that the investments it recommends are appropriate for the client in light of the client's age, investment experience, net worth, and investment objectives. The claim specifically involves the following high-risk alternative investment: CORE Series 2008-A 9% Secured Debenture CORE Series 2007 8% Secured Debenture KBS REIT Behringer Harvard REIT Healthcare Trust of America It is further alleged that the broker of record for these investors was William W. Gammon (CRD# 1811853). . According to his FINRA BrokerCheck, Mr. Hartman has been the subject of at least 23 customer complaints. 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. End
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