DID JOHN CALDERWOOD STARKE SR CAUSE YOU INVESTMENT LOSSES?
John Starke, Sr. Formerly With Centaurus Financial, Inc. Has 19 Customer Complaints For Alleged Broker Misconduct
About John Starke, Sr. formerly with Centaurus Financial, Inc.?
John Starke, Sr. (CRD #3154774) has been in the financial services industry since 1999. Over his extensive career, Mr. Starke has passed 1 principal/supervisory exam, 2 general industry/product exams, and 2 multi-state securities law exams. He was most recently registered with Centaurus Financial, Inc., from June 2015 until January 2024. Mr. Starke has also worked with firms such as Financial West Group, Cabot Lodge Securities LLC, and Allied Beacon Partners, Inc., among others. As of now, Mr. Starke is no longer registered with any firm. His career has been primarily focused on securities and investment advisory services.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
John Starke, Sr. Customer Complaints and Reviews
- Customer Disputes: 19 Incidents
- Case 1 (March 3, 2023): Customers alleged that from 2015 through March 2023, Mr. Starke recommended unsuitable, illiquid, and high-risk investments. The case was settled on February 13, 2024, for $63,500.
- Case 2 (February 5, 2024): Another customer alleged that Mr. Starke recommended an unsuitable, high-risk, speculative, illiquid investment in September 2020, breaching his fiduciary duty. The case was settled on April 4, 2024, for $33,000.
- Case 3 (June 14, 2023): Customers claimed that during 2015 through 2017, Mr. Starke recommended unsuitable and illiquid investments that performed poorly. The case was settled on July 11, 2024, for $40,000.
- Case 4 (May 18, 2005): A customer alleged that stocks recommended by Mr. Starke from August 2000 through April 2001 were unsuitable for her risk tolerance and resulted in large losses. The case was settled on October 13, 2005, for $57,000, with Mr. Starke personally contributing $7,000.
- Other Settlements and Pending Cases: Multiple other disputes involve similar allegations regarding unsuitable, high-risk, illiquid investments, with settlements ranging from $9,975 to $50,699.85, and some cases are still pending arbitration
Allegations Against John Starke, Sr.
- Customer Dispute Allegations:
- Unsuitability and Misrepresentation: Numerous disputes involve allegations that Mr. Starke recommended unsuitable investments, misrepresented the risks, and mishandled client funds, particularly concerning high-risk, illiquid investments and speculative products.
- Breach of Fiduciary Duty: Several cases accuse Mr. Starke of breaching his fiduciary duty by making recommendations that were not aligned with the customers’ financial objectives and risk tolerance.
- Unauthorized Trading: In one instance, Mr. Starke was accused of placing unauthorized trades and opening a margin option account without the customer’s consent.
John Starke, Sr. Red Flags & Your Rights As An Investor
Of course, John Starke, Sr. did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of John Starke, Sr. at Centaurus Financial, Inc.on alert to review carefully the activity and performance of their accounts and question whether John Starke, Sr. has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Centaurus Financial, Inc. also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At Centaurus Financial, Inc. Due To John Starke, Sr.
If you have questions about Centaurus Financial, Inc. and/or John Starke, Sr and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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