National investment loss lawyers KlaymanToskes is investigating barred broker Joseph Michael Todd (CRD# 1830390) formerly of Centaurus Financial.
According to FINRA BrokerCheck, Joseph Michael Todd, formerly of Centaurus Financial, is currently facing several pending customer complaints alleging unsuitable and illiquid investment recommendations. The complaints seek $522,000 in collective investor damages. Todd has been permanently barred from acting as a broker by FINRA related to allegations of fraud and deceit including sending out false account statements to investors.
Investors that suffered losses with broker Joseph Michael Todd are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at investigations@klaymantoskes.com to discuss potential recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
Former Centaurus Financial advisor Joseph Michael Todd is currently involved in numerous customer complaints alleging recommendations in unsuitable and illiquid investments, including real estate securities. The customers are seeking $522,000 in collective damages. Todd was permanently barred by FINRA in August 2023, following allegations that he misappropriated investor funds, falsely stated to investors that their funds would be invested in securities, sent out false account statements indicating that investors’ funds were fully invested and earning returns, and otherwise engaged in a variety of conduct which operated as a fraud and deceit on investors. According to FINRA BrokerCheck, Joseph Michael Todd was registered with Centaurus Financial from August 2016 to July 2022, in Crystal river, FL.
As an investor, there are a few signs that you should look out for if you believe you may have a claim against your financial advisor. These signs could potentially indicate misconduct, negligence, or investment fraud. Investors are encouraged to contact our firm immediately if you have experienced any of the following:
Some investors have close relationships with their brokers due to the time and trust built over the course of their investment relationship. However, it is crucial to remember that financial decisions should be based on careful analysis and due diligence rather than solely relying on personal relationships.
Engaging the services of an experienced securities attorney to evaluate your specific circumstances is strongly advised. At KlaymanToskes, our team of experienced securities attorneys has a deep understanding of this complex area of law, allowing us to provide invaluable insight and tailored guidance that directly addresses your individual needs.
If you suffered losses with broker Joseph Michael Todd, or have concerns regarding your investment portfolio at Centaurus Financial, or with any other financial advisor or firm, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.