Marcel Pahmer, a registered representative with Centaurus Financial, Inc. (CRD 30833), is currently facing a serious customer dispute allegation. The complaint, filed on February 27, 2024, alleges that in November 2020, Pahmer recommended unsuitable, high-risk, illiquid investments and breached his fiduciary duty. This pending case has significant implications for investors who have worked with Pahmer or Centaurus Financial, Inc.
As a result of these allegations, Haselkorn & Thibaut, a national investment fraud law firm, is currently investigating Marcel Pahmer and Centaurus Financial, Inc. Investors who have suffered losses due to Pahmer’s alleged misconduct are encouraged to contact Haselkorn & Thibaut for a free consultation by calling 1-888-885-7162 .
Investment fraud and bad advice from financial advisors are unfortunately common occurrences. According to a Bloomberg article, the U.S. Securities and Exchange Commission (SEC) has expressed concerns about the rise of investment apps and platforms that may be encouraging risky behavior among investors.
Understanding the Allegation and FINRA Rule Violations
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The customer’s complaint specifically alleges that Marcel Pahmer recommended unsuitable, high-risk, and illiquid investments in November 2020. These investments included debt corporate direct investments, direct participation programs (DPPs), limited partnership (LP) interests, and real estate securities. The allegation also states that Pahmer breached his fiduciary duty to the client.
FINRA rules require registered representatives to make suitable recommendations based on a client’s investment profile, which includes factors such as age, financial situation, investment objectives, and risk tolerance. FINRA Rule 2111 states that a broker must have a “reasonable basis to believe that a recommended transaction or investment strategy involving a security or securities is suitable for the customer.”
The Impact on Investors
Allegations of unsuitable investment recommendations and breaches of fiduciary duty are serious matters that can have significant consequences for investors. When a financial advisor recommends investments that are not aligned with a client’s risk tolerance or investment objectives, the client may suffer substantial financial losses.
Investors who have worked with Marcel Pahmer or Centaurus Financial, Inc. should closely review their investment portfolios and account statements to identify any potentially unsuitable investments or irregularities. If losses are discovered, investors may be entitled to recover damages through FINRA arbitration.
Recovering Losses Through FINRA Arbitration
Haselkorn & Thibaut, with over 50 years of combined legal experience and a 98% success rate, has helped numerous investors recover losses through FINRA arbitration. The firm operates on a contingency fee basis, meaning clients pay no fees unless a recovery is secured.
Investors who suspect they have been the victim of financial advisor malpractice should look for red flags, such as:
- Unsuitable investment recommendations
- Lack of portfolio diversification
- Unauthorized trades
- Misrepresentation or omission of material facts
If any of these red flags are present, investors should contact Haselkorn & Thibaut to discuss their legal options. With offices in Florida, New York, North Carolina, Arizona, and Texas, the firm is well-positioned to represent investors nationwide.
For a free consultation and case evaluation, investors can call Haselkorn & Thibaut’s toll-free number at 1-888-885-7162 . Remember, there are no fees unless a recovery is obtained, so there is no risk in exploring your legal options.
