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Valentino Scott Of Centaurus Financial, Inc. Has 11 Customer Complaints For Alleged Broker Misconduct

Who is Valentino Scott of Centaurus Financial, Inc.?

Valentino Scott

Valentino Scott (CRD #1497615) who is currently registered as a broker and investment adviser Centaurus Financial, Inc. and located in West Hills, California, is a subject of one of our many securities industry sales practice abuse investigations. Prior to Centaurus Financial, Inc., Valentino Scott was associated with other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

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Valentino Scott Customer Complaints

Valentino Scott has been the subject of 11 customer complaints that we know about to recover investment losses. One arbitration award was entered against Centaurus Financial for Valentino Scott’s alleged misconduct causing investor losses. Two of the customer complaints were settled by Centaurus Financial in favor of the investors. Four of Valentino Scott’s customer complaints were denied and, to date, the customers have not taken any further action. There are currently 4 pending customer complaints filed against Centaurus Financial for investment losses caused by Valentino Scott’s alleged misconduct.

Allegations Against Valentino Scott

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

  • Customer purchased a variable annuity that was not suitable, certain product features were misrepresented and Valentino Scott allegedly failed to reallocate subaccounts to a more conservative position as expressed by the customer.
  • Client alleged that he was unaware of fees for 7% income rider, and alleged he was not aware that the investment allegedly made by Valentino Scott was a variable annuity.
  • Death benefit was misrepresented allegedly by Valentino Scott on variable annuity policies purchased.
  • The customer alleged that Valentino Scott recommended and over concentrated their account(s) in unsuitable investments.
  • Valentino Scott allegedly sold customer inappropriate class of mutual funds, failed to disclose the amount of loss realized in selling GNMA securities.
  • Uninformed as to surrender charge and holding period of contract with Manulife Financial, Inc. – Venture III.
  • Advisor recommended a risky, high yield, complex, and illiquid investment.
  • Misrepresentation and mishandling of investment by representative.
  • Overconcentration of customer’s accounts and unsuitable, in illiquid, and risky investments.

Valentino Scott Red Flags & Your Rights As An Investor

Of course, Valentino Scott 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 Valentino Scott at Centaurus Financial, Inc. on alert to review carefully the activity and performance of their accounts and question whether Valentino Scott 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.

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 Valentino Scott

If you have questions about Centaurus Financial, Inc. and/or Valentino Scott 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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