DID MARCEL PAHMER CAUSE YOU INVESTMENT LOSSES?
Marcel Pahmer Of Centaurus Financial, Inc. Has 4 Customer Complaints For Alleged Broker Misconduct
About Marcel Pahmer of Centaurus Financial, Inc.?
Marcel Pahmer (CRD #4565391) is a registered broker currently affiliated with Centaurus Financial, Inc. and as an investment advisor with Newport Wealth Advisors, Inc. He has been with Centaurus Financial, Inc. since November 20, 2007, and Newport Wealth Advisors, Inc. since September 8, 2022. Mr. Pahmer has passed 2 general industry/product exams and 1 multi-state securities law exam. His professional career includes previous registrations with AXA Advisors, LLC. He is currently licensed in 2 U.S. states and territories, with a focus on securities and investment advisory services based in Newport Beach, California
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Marcel Pahmer Customer Complaints and Reviews
- Customer Disputes: 4 Incidents
- Case 1 (December 11, 2019): Customers alleged that Mr. Pahmer misrepresented unsuitable investments and breached his fiduciary duty during the period of 2013 through 2017. The case was settled on September 10, 2021, for $295,000. Mr. Pahmer did not contribute personally to the settlement.
- Case 2 (August 15, 2014): A customer alleged that Mr. Pahmer failed to disclose the risks of investments purchased in June 2014. The dispute was settled on November 12, 2014, for $9,318.40, representing the commission that was voluntarily returned to facilitate the return of the customer’s principal investment.
- Pending Dispute 1 (October 2019): A customer alleges that Mr. Pahmer recommended an unsuitable, high-risk, illiquid investment and breached his fiduciary duty. The alleged damages are $73,000, and the case is currently pending.
- Pending Dispute 2 (November 2020): Another customer claims that Mr. Pahmer recommended unsuitable, high-risk, illiquid investments and breached his fiduciary duty, with alleged damages of $300,000. This case is also pending.
Allegations Against Marcel Pahmer
- Customer Dispute Allegations:
- Unsuitability and Misrepresentation: Multiple disputes involve allegations that Mr. Pahmer recommended unsuitable investments, failed to disclose associated risks, and breached his fiduciary duty to clients.
- Failure to Disclose Risks: Specific allegations include claims that Mr. Pahmer did not adequately inform clients about the risks of certain investments, leading to financial losses.
- High-Risk, Illiquid Investments: Pending cases involve accusations that Mr. Pahmer recommended high-risk, illiquid investment products that were unsuitable given the clients’ financial goals and risk tolerance.
Marcel Pahmer Red Flags & Your Rights As An Investor
Of course, Marcel Pahmer 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 Marcel Pahmer at Centaurus Financial, Inc. on alert to review carefully the activity and performance of their accounts and question whether Marcel Pahmer 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 firms’ 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 Marcel Pahmer
If you have questions about Centaurus Financial, Inc. and/or Marcel Pahmer 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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