Centaurus Financial

New Orleans Securities Law Office

Published on: January 27, 2025 | by Shepherd Smith Edwards & Kantas, LLP

Louisiana Investor Files Six-Figure GWG Lawsuit Against Centaurus Financial

The Claimant Alleges Unsuitability, Misrepresentations and Omissions

Our New Orleans GWG L Bond fraud lawyers are representing a Metairie, LA investor in her investment loss recovery claim against Centaurus Financial. Our client, who is a divorced single mom, contends that her Centaurus broker Seyed Ahmad Hashemian unsuitably recommended the risky, illiquid GWG bonds even though she is an inexperienced investor who made it clear from the start that she wanted to avoid undue risks.

NAV Advisors’ Marc Korsch in Sarasota, Florida Allegedly Sold GWG L Bonds to Customers

Published on: July 3, 2022 | by Shepherd Smith Edwards & Kantas, LLP

Customers of Barred Centaurus Financial Broker Are Requesting Over $7.4M in Damages

Marc Frederick Korsch, the CEO of NAV Advisors in Sarasota and a former Centaurus Financial registered representative, is reportedly involved in a GWG Holdings L Bond case. A Centaurus Financial investor filed this case. Although not a respondent in the Financial Industry Regulatory Authority (FINRA) arbitration claim, Korsch allegedly unsuitably recommended this risky life settlement-backed bond to the customer.

GWG Holdings, Inc. filed for Chapter 11 bankruptcy protection in April 2022. It sold $1.6B of L Bonds to investors through more than 140 regional brokerage firms and financial advisors. These firms earned high commissions from the transactions. Visit GWG Holdings, Inc. and GWG Holdings L Bonds for more information.

Centaurus Financial Broker Bill Burks Named in Several Customer Disputes

Published on: June 28, 2022 | by Shepherd Smith Edwards & Kantas, LLP

Investors’ Allegations Against Centaurus Financial Broker Include Unsuitability, Misrepresentations, and Concentration

Our experienced Texas broker misconduct attorneys are looking into claims of losses involving current and former customers of William Charles Burks, also known as Bill Burks II, in Flower Mound. Bill Burks is a Centaurus Financial broker who has been named in several customer disputes, most of which are settled or still pending.

Customer Disputes Involving Centaurus Financial Broker Bill Burks II

Arizona Investor Alleges That Modern Wealth Management in Tucson Unsuitably Recommended GWG L Bonds

Published on: June 9, 2022 | by Shepherd Smith Edwards & Kantas, LLP

Centaurus Financial is Respondent in Six-Figure FINRA Arbitration Claim

A Salt Lakes, Arizona investor, has filed a FINRA arbitration claim against Centaurus Financial over losses he sustained in GWG L Bonds. Offering documents for the investment named ex-Centaurus broker Otto Ramon Bohon. Recently, Bohon has locally been affiliated with Modern Wealth Management (formerly Catalina Investments) as a registered representative.

The claimant is seeking to recover up to $500K in damages. Our GWG L Bond lawyers are representing him in FINRA arbitration.

Despite Red Flags, Centaurus Financial Allegedly Raised Cap for Selling L Bonds To Customers

Published on: May 27, 2022 | by Shepherd Smith Edwards & Kantas, LLP

SSEK Law Firm is Representing Investors Against Centaurus Financial

In a recent InvestmentNews column, reporter Bruce Kelly discussed how broker-dealers and their financial advisors continued selling L Bonds to customers despite indications of possible troubles at GWG Holdings, Inc. In April 2022, the alternative asset firm filed for Chapter 11 bankruptcy protection.

The firm sold $1.6B in life insurance-backed bonds through over 140 regional brokerage firms and managing broker-dealer Emerson Equity. It is unknown what value these high-yield bonds still have or if they are worth anything at all now. Visit our L Bonds and GWG Holdings, Inc. pages to find out more.

Centaurus Financial Allegedly Unsuitably Recommended GWG Holdings L Bonds, Claims Another Texas Retiree

Published on: May 18, 2022 | by Shepherd Smith Edwards & Kantas, LLP

Independent Broker-Dealer Had Partnered With Emerson Equity to Sell Risky Junk Bonds

Our experienced GWG Holdings L Bonds attorneys represent another investor in Financial Industry Regulatory Authority (FINRA) arbitration against Centaurus Financial. The claimant is a Houston retiree who entrusted his assets to the firm. Now, he is seeking up to six figures in damages.

Shepherd Smith Edwards and Kantas (SSEK Law Firm at investorlawyers.com) represent investors who a broker-dealer may have unsuitably sold GWG Holding L Bonds. Now that GWG Holdings, Inc. has filed for Chapter 11 Bankruptcy, L Bondholders are scrambling to recoup their losses from these high-yield bonds that may not be worth much, if anything at all, at this point.

Texas Retirees Pursues 6-Figure GWG L Bond Claim Against Centaurus Financial

Published on: May 16, 2022 | by Shepherd Smith Edwards & Kantas, LLP

Elderly Couple is Seeking Up to $500K Plus Interest and Costs Against Centaurus Financial

Two older investors, both retired and on disability, have filed a Financial Industry Regulatory Authority (FINRA) arbitration claim against brokerage firm Centaurus Financial over losses they sustained from purchasing GWG L Bonds.

GWG Holdings, Inc., a Dallas-based alternative asset firm, filed for Chapter 11 bankruptcy in April 2022. Now, this Texas couple is among the many thousands who have been left holding these high-risk, illiquid junk bonds that may not be worth much at all at this point.

Centaurus Financial & JP Turner Brokers Including Cindy Chiellini, Atul Makharia and Greg Scott Young Targeted South Carolina & Tennessee Retirees in Structured Products Scam

Published on: June 12, 2020 | by Shepherd Smith Edwards & Kantas, LLP

Accused of Defrauding Plant Workers, Including Retirees

Centaurus Financial advisor Ricky Mantei (Mantei Group), formerly a JP Turner stockbroker, is alleged to have been the mastermind behind a large enterprise that spanned four offices in two states and resulted in the retirement savings of many unsuspecting investors being lost.

Mantei is now named in 35 customer disputes. The majority, 30 of these broker fraud complaints, were filed over the last two years and many of them are still pending. Most of the complaints filed in the last two years accuse Mantei of heading up a one size fits all investment fraud that overconcentrated customers’ accounts in structured products and other risky, illiquid, and speculative investments. Many of his alleged victims were retirees, including plant workers in South Carolina and Tennessee.

Shepherd Smith Edwards and Kantas Investigates Claims Involving Centaurus Financial Broker Katherine Nishnic

Published on: December 23, 2019 | by Shepherd Smith Edwards & Kantas, LLP

Centaurus Financial Broker Named In Multiple Customer Disputes

If you suffered substantial investment losses while Centaurus Financial broker, Katherine Nishnic, was your registered representative, please contact Shepherd Smith Edwards and Kantas, LLP (SSEK Law Firm). We can help you determine whether you have grounds for a broker fraud case. According to her BrokerCheck record, Nishnic is already the subject of at least eight customer disputes.

She has been in the industry for 25 years and a Centaurus broker for four years. Previous to that, Nishnic was registered as a broker for JP Turner and before that with GunnAllen Financial, First Allied Securities, DE Frey & Co., Merrill Lynch and Pierce Fenner and Smith.

Shepherd Smith Edwards and Kantas Investigates Centaurus Financial Brokers Ricky Mantei and Cindy Chiellini

Published on: November 1, 2019 | by Shepherd Smith Edwards & Kantas, LLP

SSEK Investigating Centaurus Financial Brokers

Our brokerage firm misconduct lawyers at Shepherd Smith Edwards and Kantas, LLP (SSEK Law Firm) are representing investors who were sold structured certificates of deposits (CDs) by Centaurus Financial brokers Cindy Chiellini and Ricky Mantei.

Both work out of Lexington, South Carolina and are the subject of numerous complaints by customers, many of whom are based in Colorado and were sold these CDs. Now, the Colorado Division of Securities is considering pulling Centaurus’s license in that state over its alleged failure to properly supervise Mantei and Chiellini.