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Lawsuit filed against J.P.Turner & Co. & Centaurus Financial

Lawsuit filed against J.P.Turner & Co. & Centaurus Financial, featured by Top Securities Fraud Attorneys, The White Law Group

The White Law Group announces the filing of a FINRA Lawsuit against J.P. Turner & Co. & Centaurus Financial

The White Law Group announces filing of a FINRA Arbitration lawsuit today. The claim, submitted on behalf of a Columbia, South Carolina couple, alleges claims for violation of common law fraud, breach of fiduciary duty, negligence, and negligent supervision.

The claim further alleges the two firms unsuitably invested the clients in the following high-risk floating rate, callable notes:

J.P. Turner & Company, LLC

San Jose Calif REDEV AGY
Valley Natl BK Wayne New Jersey CTF DEP
Natixis US Medium Term NT Program LLC
JP Morgan Chase BK NA Columbus Ohio CTF
Pacific Beacon LLC
Select Sector SPDR Trust SHS Ben Int Energy
Chicago ILL Brd ED Go BDS 2009E
JPMorgan Chase BK NA Columbia Ohio CTF

Centaurus Financial, Inc.

Credit Suisse AG, London Branch LKD TO
Morgan Stanley Medium Term SR NTS
Morgan Stanley Medium Term SR NTS Leveraged Curve and Russell 2000
Pacific Beacon LLC 2006 SER A Military
Morgan Stanley Medium Term SR NTS DTD7/31/14
Morgan Stanley Medium Term SR NTS DTD 04/30/12
Hamden Conn Taxable Int Rate DTD 03/10/15
Hewlett Packard Co Fixed Global NT DTD 9/19/11
Morgan Stanley Medium Term SR NTS DTD 04/30/12
Morgan Stanley Medium Term SR NTS DTD 07/31/14
Jefferies Group LLC / Jefferies Group DTD 09/29/17
FBFC Custodial Account LLC Taxable
Morgan Stanley Medium Term SR NTS DTD 4/30/12
Morgan Stanley Medium Term SR NTS DTD 7/31/14
Kinder Morgan Inc DEL GTD Fixed RT SR NTS
Morgan Stanley FIN LLC Global GTD Medium term NT
FBFC Custodial Account LLC Taxable Passthru CTF
Jefferies Group LLC / Jefferies Group DTD 09/29/17
Jefferies Group LLC / Jefferies Group DTD 02/18/18
Seagate HDD Cayman

                                               
The FINRA claim seeks damages between $100,000 and $500,000.

It is alleged that both Centaurus Financial and J.P. Turner & Co. LLC failed to perform the necessary due diligence on this investments prior to recommending them to these particular investors.

It is further alleged that the financial advisors that were involved with the accounts at issue are Dana Matthew Hawkins and Cindy Chiellini. According to the Financial Industry Regulatory Authority, Hawkins has been the broker of record for at least four (4) customer disputes for similar allegations and Chiellini currently has eighteen (18) customer disputes on her broker record, many with similar issues.

Brokerage firms are required to supervise their financial advisors to ensure that they are complying with FINRA rules. If it can be determined that the advisor violated FINRA rules and the employers failed to adequately supervise him, these firms can be held responsible for any resulting losses in a FINRA arbitration claim.

Before recommending an investment, a broker-dealer has a fiduciary duty to adequately disclose the risks involved in the investment and to perform the necessary due diligence to determine whether the investment is suitable for the investor.

FINRA Dispute Resolution

FINRA Dispute Resolution is an arbitration venue for investors with claims against their brokerage firm or financial professional.  It provides investors with an opportunity to attempt to recoup their investment losses without filing such claims in court.

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Franklin, Tennessee.

For more information The White Law Group and the lawsuit filed against Centaurus Financial and J.P. Turner & Co. LLC, please contact the firm at 1-888-637-5510 or visit https://www.whitesecuritieslaw.com.

The post Lawsuit filed against J.P.Turner & Co. & Centaurus Financial appeared first on The White Law Group.



This post first appeared on Securities Fraud And Investor Protection Blog | Wh, please read the originial post: here

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Lawsuit filed against J.P.Turner & Co. & Centaurus Financial

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