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Broker Misconduct Investigation: Pat Hobert (Centaurus Financial)

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Updated on: September 23, 2024

National investment loss lawyers KlaymanToskes is investigating broker Pat Hobert a/k/a Patrick Roland Hobert (CRD# 805680) of Centaurus Financial Inc.

According to FINRA BrokerCheck records, Pat Hobert a/k/a Patrick Roland Hobert, a financial advisor with Centaurus Financial Inc., is currently facing numerous customer-initiated complaints seeking $312,000 in collective investor damages. Several of the complaints allege Hobert recommended unsuitable, high-risk, illiquid investments and breached his fiduciary duty.

Investors that suffered losses with broker Pat Hobert are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at investigations@klaymantoskes.com to discuss recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.

Centaurus Broker Pat Hobert Faces Customer Complaints

Financial advisor Pat Hobert, who is currently registered with Centaurus Financial Inc., is facing several customer complaints due to allegations of unsuitable investment advice. Records from FINRA BrokerCheck disclose that Hobert has a total of 17 disputes with investors, four of which are currently pending and allege $312,000 in collective damages. Additionally, 10 customer complaints against Hobert have been settled in favor of the customers for $388,337.

On December 19, 2023, a customer filed a claim against Hobert, alleging he recommended an unsuitable investment and investment strategies in an illiquid alternative investment.

A customer complaint filed against Hobert on January 8, 2024 alleges $100,000 in damages due to a poor investment recommendation. A third pending complaint filed June 10, 2024 alleges $100,000 in investor damages due to the recommendation of unsuitable, high-risk, illiquid investments and breach of fiduciary duty. Hobert’s final pending complaint alleges $112,000 in damages due to unsuitable investment recommendations.

Investment Losses with Broker Pat Hobert?

Investment Losses with Broker Pat Hobert?

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Signs Investors Should Look Out For About Their Brokerage Accounts

As an investor, there are a few signs that you should look out for if you believe you may have a claim against broker Pat Hobert. These signs could potentially indicate misconduct, negligence, or investment fraud. Investors are encourage to contact our firm immediately if you have experienced any of the following:

  • You have substantial losses in your investment accounts
  • You received a call, email, or other communication from your broker’s supervisor or manager regarding your portfolio
  • Your broker misrepresented investment opportunities, or failed to disclose details about investments
  • You notice unauthorized transactions in your investment accounts
  • Your broker is not returning your calls or emails
  • You filed a complaint with your brokerage firm that has not been resolved
  • You see a mistake on your statement, or receive a fraudulent statement

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 Pat Hobert, or have concerns regarding your investment portfolio at Centaurus Financial Inc, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.