FINRA Arbitration Filed Against Centaurus Financial, Inc.

Nov. 15, 2011 - PRLog -- The White Law Group announces that it has filed a Financial Industry Regulatory Authority (FINRA) arbitration statement of claim against Centaurus Financial, Inc.  The claim seeks to recover losses of approximately $85,000.

The claim, filed by The White Law Group, was submitted to FINRA Dispute Resolution on behalf of two investors from Placentia, California for violation of common law fraud, breach of fiduciary duty, negligence, and negligent supervision. The claim further alleges that Centaurus Financial, Inc. unsuitably invested a significant portion of these individual’s retirement nest egg in one risky illiquid investment – Desert Capital REIT.

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.

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The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm.

For more information on The White Law Group, please visit the firm's website at http://www.whitesecuritieslaw.com.