In June 2016, a FINRA panel in Albuquerque, NM ordered Centaurus Financial, Inc. to pay the Claimant, a recent widow when the subject conduct began, $150,000 plus all hearing fees after reasoned findings that "the investments Hashemian recommended while at Centaurus were not suitable", that Centaurus was responsible for Hashemian's actions which "constituted fraudulent and negligently made misrepresentation and omitted material information in the sale of investments" and that "Centaurus...
SEC Announces 2016 Examination Priorities January 11, 2016 (Litigation Release No. 4) The SEC has announced its new 2016 priorities for its Office of Compliance Inspections and Examinations. The new priorities center around liquidity controls, public pension advisers, product promotion, exchange-traded funds, and variable annuities.
Julie M. Riewe, Co-Chief of Asset Management Unit, to Leave SEC After 10 Years of Service January 11, 2016 (Litigation Release No. 5)...
