National investment loss lawyers KlaymanToskes is investigating Lisa Mantei (CRD# 2230735) of Cola Wealth Advisors in connection with the filing of a customer complaint alleging $200,000 in damages due to unsuitable investment recommendations that were risky, complex, and illiquid.
According to FINRA BrokerCheck, Lisa Lyn Mantei is currently registered as a broker/investment advisor with Centaurus Financial and has been doing business as Cola Wealth Advisors since 1994 in Lexington, SC. Mantei was also previously registered with J.P. Turner & Company (now known as Cetera Advisors).
Investors that suffered losses with Lisa Mantei may be entitled to a financial recovery. Contact attorney Lawrence L. Klayman, Esq., for a free consultation to discuss recovery options at 888-997-9956 or lawrence@klaymantoskes.com. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
According to FINRA BrokerCheck, Lisa Mantei has six customer complaints disclosed. The most recent complaint is pending and alleges $200,000 in damages to the customer’s account due to risky, complex, long-term and illiquid investment recommendations.
Mantei has four additional customer complaints which have been settled in favor of the investors. The complaints’ allegations are listed below:
Lisa Mantei’s final complaint was closed with no action taken. The customers alleged $233,000 in damages and that their investments were unsuitable based on their investment objectives.
SEC Regulation Best Interest, a/k/a “Reg BI” establishes a “best interest” standard of conduct for brokers and brokerage firms making recommendations of securities investments and investment strategies to their customers, under the Securities Exchange Act of 1934.
Investment advisors and their firms have a responsibility to make recommendations with their customer’s best interest in mind, based upon the client’s personal needs and preferences.
Brokers and financial advisors must consider an investment’s risk, ensure that they do not misrepresent material facts, and/or overconcentrate the customer’s portfolio in unsuitable investments. Further, financial professionals and their firms cannot disregard a customer’s risk-tolerance when making unsuitable investment recommendations.
The violations discussed above each provide a basis for liability in a FINRA arbitration claim. FINRA arbitration is a more cost-effective process for investors, often occurring with increased speed and efficiency over a court proceeding. To learn more about additional securities violations, see our account activity violations page.
Investors who suffered losses with Lisa Mantei at Cola Wealth Advisors and/or Centaurus Financial are encouraged to contact attorney Lawrence L. Klayman, Esq. at (888) 997-9956 or lawrence@klaymantoskes.com for a free consultation. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
KlaymanToskes is a leading national securities law firm which practices exclusively in the field of securities arbitration on behalf of retail and institutional investors throughout the world in large and complex securities matters. The firm has recovered over $250 million in FINRA arbitrations and over $350 million in other securities litigation matters. KlaymanToskes has office locations in California, Florida, New York, and Puerto Rico.
KlaymanToskes, P.A.
Lawrence L. Klayman, Esq.
888-997-9956
lawrence@klaymantoskes.com
www.klaymantoskes.com