DID OTTO RAMON BOHON JR. CAUSE YOU INVESTMENT LOSSES?
Otto Bohon, Jr. Formerly With Centaurus Financial, Inc. Has 10 Customer Complaints For Alleged Broker Misconduct
About Otto Bohon, Jr. Formerly With Centaurus Financial, Inc.?
Otto Bohon, Jr. (CRD #5677597) has had a diverse career in the financial services industry, primarily based in Tucson, Arizona. He is not currently registered as a broker. Bohon has passed two general industry/product exams and one multi-state securities law exam. His previous registrations include significant tenures at Wells Fargo Investments, LLC, Wells Fargo Advisors, LLC, and Centaurus Financial, Inc., spanning from November 2009 to October 2020. His experience spans several roles within Wells Fargo, indicating a varied career within financial services.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Otto Bohon, Jr. Customer Complaints and Reviews
Otto R. Bohon Jr. has several negative disclosures, primarily customer disputes:
- Customer Dispute (Settled): Out of the 10 customer disputes reported, several have been settled with the firm, often contributing to the settlements but no personal contributions from Bohon. The allegations typically involved recommendations of unsuitable, high-risk, and illiquid investments.
- Specific Settlements:
- Settlement 1: $49,750 settled for a claim involving improper high-risk investment recommendations.
- Settlement 2: $46,000 settled concerning overly concentrated high-risk investments.
- Settlement 3: $17,500 settled for misrepresenting an unsuitable investment.
- Settlement 4: $25,000 settled for misrepresented illiquid investment.
- Settlement 5: $47,500 settled for recommendations of illiquid investments.
- Settlement 6: $80,000 settled for recommending high commission illiquid investments.
- Settlement 7: $465,000 settled for breaching fiduciary duty with unsuitable investment recommendations.
Allegations Against Otto Bohon, Jr.
The allegations against Otto R. Bohon Jr. encompass a range of investment-related issues, mainly concerning the suitability and risk of investments:
- High-Risk and Illiquid Investments: Allegations often focus on Bohon recommending high-risk and illiquid investments that were unsuitable given the clients’ profiles.
- Misrepresentation and Breach of Fiduciary Duty: Several claims involve accusations of Bohon misrepresenting the risks associated with the investments and failing to act in the clients’ best interests.
- Unsuitable Investment Strategies: Clients have claimed that their investment portfolios were overly concentrated in high-risk areas, contrary to their investment objectives or risk tolerances.
Otto Bohon, Jr. Red Flags & Your Rights As An Investor
Of course, Otto Bohon, Jr. 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 Otto Bohon, Jr. at Centaurus Financial, Inc. on alert to review carefully the activity and performance of their accounts and question whether Otto Bohon, Jr. 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 Otto Bohon, Jr.
If you have questions about Centaurus Financial, Inc. and/or Otto Bohon, Jr. 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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