Haselkorn & Thibaut, P.A., operating as InvestmentFraudLawyers.com, has opened an independent investigation into Springville, Utah financial advisor Steve Lundquist (CRD# 1970958) of Centaurus Financial, doing business as SRT Wealth Partners. As a premier, nationwide securities litigation firm with a 98% success rate and 95+ years of combined legal experience, our attorneys are committed to uncovering facts and advocating for investors who may have experienced losses because of potentially unsuitable investment recommendations. If you are concerned about your investments with Steve Lundquist or SRT Wealth Partners, reach out now for a free, confidential consultation at 1-888-885-7162. Your recovery starts with knowledge and action.
Why Haselkorn & Thibaut Initiated This Investigation
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Drawing on our former Wall Street defense backgrounds, our firm leverages critical insider knowledge to identify when advisors may not be acting in your best interest. In recent months, we have received reports raising concerns about Steve Lundquist’s investment recommendations while at Centaurus Financial / SRT Wealth Partners. Because suitability and full disclosure are cornerstones of your financial security, these concerns require thorough, independent scrutiny to ensure that investors have not suffered avoidable losses.
Who Is Steve Lundquist?
Steve Lundquist is a Centaurus Financial advisor based in Springville, Utah, currently operating as SRT Wealth Partners. With a 35-year career in the securities industry, Mr. Lundquist holds licenses in multiple states including Arizona, California, Colorado, Hawaii, Idaho, Nevada, New Mexico, Texas, Utah, and Washington. Over the course of his career, he has been associated with several broker-dealers:
- Centaurus Financial / SRT Wealth Partners (2018 – present)
- Ameriprise Financial Services
- Woodbury Financial Services
- Paulson Investment Company
- Wells Fargo Investments
- Key Investment Services
- SunPoint Securities
- Piper Jaffray
His credentials include the Securities Industry Essentials Examination (SIE), Series 7, Series 63, and Series 24 licenses, all of which enable him to offer a wide array of investment products to retail clients.
Recent Investor Complaints Against Steve Lundquist
Public records, including a FINRA BrokerCheck report, show the following significant disclosures regarding Steve Lundquist:
| Year | Allegation | Status/Outcome | Firm Involved |
|---|---|---|---|
| 2026 (June, Pending) | Suitability Complaint: Customer alleges Mr. Lundquist recommended unsuitable investments and failed to explain costs, liquidity restrictions, and withdrawal limitations. Specific damages pending. | Pending Mr. Lundquist denies all allegations, asserts suitability and proper disclosure, and states he will “vigorously defend” the matter. |
Centaurus Financial / SRT Wealth Partners |
| 1996 | Misrepresentation of Material Facts: Representative of Piper Jaffray allegedly misrepresented investment facts to a client. | Settled ($19,770) | Piper Jaffray |
The pending 2026 complaint highlights allegations that many investors face—investments that may not have matched their needs, and a lack of clear communication regarding key restrictions or costs. These are serious red flags. Unsuitable recommendations and inadequate disclosure can form the basis of a viable claim for recovery, especially when they lead to preventable financial losses.
Understanding Red Flags for Springville, UT Investors
When evaluating an advisor like Steve Lundquist, it is vital to examine all disclosure events and patterns of complaints. Here are some key red flags identified in the public record so far:
- Pending Suitability Allegation (2026): Investors allege lack of explanation regarding crucial aspects of the recommended products. This may indicate a broader issue if you, too, experienced confusion or surprise when accessing funds.
- Historical Misrepresentation Settlement (1996): While further in the past, this settlement signals a prior issue with full and accurate disclosure of investment facts, which regulators and arbitrators take very seriously.
- Transition between multiple firms: Frequent moves among broker-dealers can sometimes accompany compliance concerns, though each case must be evaluated individually.
What Do FINRA Records Reveal About Steve Lundquist?
According to currently available public records, excluding the pending and historical investor complaints above, no regulatory actions, SEC orders, arbitrations, or criminal matters have been disclosed against Steve Lundquist. There is no record of SEC enforcement, state securities regulator actions, or class-action litigation as of July 2026. However, a clean regulatory record does not preclude the risk of individual investment losses due to sales practices, suitability, or disclosure violations.
How Can You Protect Yourself and Pursue Recovery?
Our attorneys urge investors—especially those in Springville, Utah and across the western United States—who worked with Steve Lundquist at Centaurus Financial / SRT Wealth Partners to monitor their investment statements and remain vigilant for:
- High-commission or illiquid products that are difficult to sell or exit
- Surprise fees or restricted access to funds
- Confusing or inadequate explanations of risks at the point of sale
- Losses inconsistent with your investment objectives or tolerance
If any of these warning signs apply to your situation, you may have a recovery claim. Our attorneys have represented hundreds of investors with similar concerns, leveraging our unique Wall Street insider perspective to aggressively advocate for your rights—which is why our firm has been designated in the Top 2% of peer-reviewed attorneys (Martindale-Hubbell AV Preeminent), named Super Lawyers, and earned hundreds of 5.0-star client reviews. No recovery, no fee.
Take Action: Get a Free Case Review Today
If you suffered losses or have doubts about your investments with Steve Lundquist, contact our attorneys as soon as possible. Time limits may apply to your potential recovery claims. Call 1-888-885-7162 for a free confidential consultation with a seasoned investor recovery advocate, or request your review using our secure online form. We will review your case, examine your documents, and help you determine whether you have a viable path to recover lost funds.
Let our experience and former defense insider knowledge become your advantage in the fight for justice and recovery. If you or someone you know invested with Steve Lundquist in Utah (or nationwide), you don’t have to face the process alone. Your recovery is just a call away: 1-888-885-7162.
