FINRA Sanctions & Allegations of Misconduct

According to his CRD Report, Fortino R. Rivera (CRD #6358600) of Centaurus Financial, Inc. (CRD #30833) in Santa Ana, California, was barred from association with any FINRA member in all capacities and consented to the sanction and to the entry of findings that he provided false information to FINRA during on-the-record testimony regarding a joint account he held at another FINRA member firm with a senior customer of his member firm. The findings stated that FINRA took Rivera’s on-the-record testimony as part of an investigation that was opened in order to review the allegations contained in an anonymous tip it received. During the testimony, Rivera repeatedly falsely testified that he was not aware of any joint account with the customer, speculating that the customer may have opened a joint account with Rivera’s information without his knowledge. Rivera opened the joint account with the senior customer and accessed the account online numerous times per month since its opening.

Investors Have the Right to Recover Their Losses

When investments are sold by brokerage firms licensed by FINRA, they are subject to the laws that FINRA enforces. The brokerage firms are responsible for ensuring that their brokers are trading fairly, ethically and in the best interest of their clients. Ideally, they would accomplish this through careful supervision. Unfortunately, too often this supervision has been inadequate to fully protect investors. If you purchased any investments through a representative of a registered brokerage firm and suffered losses through negligence or fraud, it immediately puts the brokerage firm at fault for failing to supervise their broker. FINRA law then dictates that you can hold the firm legally liable to recover your damages.

Can I recover my investment losses?

If you lost a substantial portion of your retirement savings or other assets as a result of investments purchased at Centaurus Financial, Inc. through Fortino R. Rivera, please contact us immediately. Our investment fraud lawyers have recovered millions of dollars from the largest banks, insurance companies, and brokerage firms in the world on behalf of investment fraud victims. You may have certain legal rights that require your immediate attention. Time is of the essence in these claims. The sooner you act, the greater your chances of recovering your investment losses. Don't wait. Contact us TODAY for a FREE Consultation and case evaluation. We will tell you if you have a viable claim worth pursuing.