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Otto Bohon, Jr. Formerly With Centaurus Financial, Inc. Has 8 Customer Complaints For Alleged Broker Misconduct

Who is Otto Bohon, Jr. formerly with Centaurus Financial, Inc.?

Otto Bohon, Jr.

Otto Bohon, Jr. (CRD #5677597) who was formerly registered as a broker with Centaurus Financial, Inc. and located in Tucson, Arizona, is a subject of one of our many securities industry sales practice abuse investigations. Prior to Centaurus Financial, Inc., Otto Bohon, Jr. was associated with other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

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Otto Bohon, Jr. Customer Complaints

Otto Bohon, Jr. has been the subject of 8 customer complaints that we know about to recover investment losses. Two of the customer complaints were settled by Centaurus Financial in favor of the investors. The brokerage firm denied the other customer complaints and, to date, the customers have not taken any further action. There are currently 4 pending FINRA arbitration proceedings filed against Centaurus Financial for Otto Bohon’s alleged misconduct.

Allegations Against Otto Bohon, Jr.

A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:

  • Overconcentration in a customer’s assets in the unsuitable, high-risk, and illiquid investments.
  • Misrepresentation of an unsuitable risky investment and breach of fiduciary duty.
  • Unsuitable recommendation of illiquid investments.
  • Unsuitable recommendation of high-risk, high commission, and illiquid investments to customer.
  • Breach of fiduciary duty.

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?

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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.

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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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Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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