DID PATRICK ROLAND HOBERT CAUSE YOU INVESTMENT LOSSES?
Patrick Hobert Of Centaurus Financial, Inc. Has 16 Customer Complaints For Alleged Broker Misconduct
About Patrick Hobert of Centaurus Financial, Inc.?
Patrick Hobert (CRD #805680) is an experienced broker currently registered with Centaurus Financial, Inc. since July 9, 2007 as a registered broker and investment advisor. Over his extensive career, Mr. Hobert has passed 3 general industry/product exams and 2 multi-state securities law exams. He is currently licensed in 7 U.S. states and territories. Prior to his tenure at Centaurus Financial, he has been associated with multiple firms, including Wedbush Morgan Securities Inc. and Brookstreet Securities Corporation. Mr. Hobert’s career spans several decades, showcasing his deep experience in the financial services industry.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Patrick Hobert Customer Complaints and Reviews
- Customer Disputes: 16 Incidents
- Case 1 (September 20, 2023): Customers alleged that Mr. Hobert recommended a high-risk, unsuitable investment in February 2020. The case was settled on January 8, 2024, for $10,000.
- Case 2 (June 20, 2023): A dispute was filed regarding the misrepresentation of a speculative and illiquid investment in December 2019 and July 2020. The case was settled on January 8, 2024, for $50,500.
- Case 3 (June 6, 2022): A customer claimed that Mr. Hobert recommended a high-risk, high-commission investment in March 2020. The case was settled on December 28, 2023, for $50,474.59.
- Case 4 (May 20, 2019): Allegations of unsuitable investments in August 2014 led to a settlement of $6,500 on November 5, 2019.
- Case 5 (March 30, 1988): A customer alleged unauthorized sale of municipal bonds. The position was repurchased by the firm.
- Case 6 (May 1, 1989): A customer dispute involving misrepresentation and unsuitability of limited partnerships was settled on January 21, 1992, for $39,000.
- Other cases: Multiple other disputes involving allegations of unsuitable investments, misrepresentation, and poor recommendations have been either settled or withdrawn, with settlements ranging from $10,000 to $85,922.
- Pending Customer Disputes: 3 Incidents
- Case 1 (June 10, 2024): Customers have alleged that Mr. Hobert recommended unsuitable, high-risk investments, claiming damages of $100,000. This case is pending.
- Case 2 (January 8, 2024): A dispute regarding poor investment recommendations with alleged damages of $100,000 is currently pending.
- Case 3 (December 19, 2023): A customer has alleged unsuitable investment strategies involving an illiquid alternative investment. This case is pending.
Allegations Against Patrick Hobert
- Customer Dispute Allegations:
- Unsuitability and Misrepresentation: Numerous customers have alleged that Mr. Hobert recommended unsuitable, high-risk, and illiquid investments, often leading to financial losses. These allegations have frequently involved corporate debt and real estate securities.
- Unauthorized Sales: There have been accusations of unauthorized transactions, such as the sale of municipal bonds, which were resolved by the firm repurchasing the positions.
- Breach of Fiduciary Duty: Some customers have claimed that Mr. Hobert breached his fiduciary duty by recommending investments that were not aligned with their financial goals or risk tolerance.
Patrick Hobert Red Flags & Your Rights As An Investor
Of course, Patrick Hobert 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 Patrick Hobert at Centaurus Financial, Inc. on alert to review carefully the activity and performance of their accounts and question whether Patrick Hobert 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 Patrick Hobert
If you have questions about Centaurus Financial, Inc. and/or Patrick Hobert 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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