Bryon Edwin Martinsen of Kings Park New York a stockbroker associated with Centaurus Financial Inc. has been referenced in a customer initiated investment related arbitration claim which was settled for $25,000.00 in damages supported by allegations that the stockbroker’s investment recommendations failed to be suitable for the Centaurus Financial customer. Financial Industry Regulatory Authority (FINRA) Arbitration No. 19-00506 (July 10, 2019).
FINRA Public Disclosure reveals that Martinsen has been referenced in seven more customer initiated investment related disputes concerning accusations of his improprieties when he was associated with securities broker dealers including Centaurus Financial Inc. On April 27, 2016, a customer initiated investment related arbitration claim in reference to Martinsen’s conduct was resolved for $87,500.00 in damages based upon accusations of Bryon’s violation of a fiduciary duty that was owed to the customer in regard to investments in private placements, equipment leasing funds and non-traded real estate investment trusts. FINRA Arbitration No. 14-03515. According to the claim, misrepresentations and omissions had been made regarding those investments. The customer had allegedly been defrauded.
Martinsen is referenced in another customer initiated investment related arbitration claim in which the customer requested $1,787,000.00 in damages based upon allegations that due diligence was not adequately performed by the stockbroker prior to recommendations of direct investments being made to the customer. FINRA Arbitration No. 16-02023 (July 14, 2016). The claim alleges that Centaurus Financial allowed unsuitable direct participation program interests or limited partnership interests to be sold by the stockbroker.
On February 4, 2019, a customer initiated investment related arbitration claim concerning Martinsen’s activities was resolved for $10,000.00 in damages founded on accusations including misrepresentations and omissions concerning real estate securities sold to the Centaurus Financial customer by Martinsen. The claim alleges that those investments failed to be suitable for the customer. FINRA Arbitration No. 18-02032.
Martinsen is also referenced in a customer initiated investment related arbitration claim in which the customer requested $1,700,000.00 in damages supported by allegations that real estate security transactions that were recommended for the Centaurus Financial customer’s account by Martinsen between 2009 and 2018 failed to be suitable for the customer. FINRA Arbitration No. 19-01042 (Apr. 25, 2019).
Martinsen has been associated with Centaurus Financial since October 7, 1999.
