FINRA Arbitration filed against Centaurus Financial to recover alternative investment losses

BALTIMORE - Nov. 5, 2015 - PRLog -- The claim, filed against Centaurus Financial, seeks recovery of investment losses between $100,000 and $499,999.

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.