Bryon Edwin Martinsen of Kings Park New York a stockbroker currently registered with Centaurus Financial Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $3,000,000.00 in damages founded on accusations that between November of 2007 and October of 2020, the customer’s account had been invested in real estate securities and direct investments that were unsuitable given the customer’s risk tolerance and liquidity needs. Financial Industry Regulatory Authority (FINRA) Arbitration No. 20-03451 (Oct. 16, 2020).
Martinsen has been identified in nine additional customer initiated investment related disputes regarding allegations of his wrongdoing while employed by Centaurus Financial. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that a customer filed an investment related complaint involving Martinsen’s conduct where the customer sought $100,000.00 in damages based upon accusations that Martinsen breached a fiduciary duty to the customer and breached a contract concerning a real estate investment trust. The claim alleges that Martinsen made misrepresentations and omissions regarding alternative investments. According to the claim, the stockbroker was selling away from Centaurus Financial as well.
On July 22, 2016, another customer filed an investment related FINRA securities arbitration claim concerning Martinsen’s activities in which the customer requested $1,787,000.00 in damages supported by allegations that insufficient due diligence was undertaken by Martinsen in regard to direct participation programs and limited partnership interests. FINRA Arbitration No. 16-02023. The claim alleges that Martinsen effected unsuitable transactions at Centaurus Financial.
Martinsen is also referenced in a customer initiated investment related FINRA securities arbitration claim which was resolved for $10,000.00 in damages founded on accusations including misrepresentations and omissions relating to real estate securities that Martinsen sold to the customer during the time that Martinsen was associated with Centaurus Financial. FINRA Arbitration No. 18-02032 (Feb. 4, 2019). The claim alleges that the customer sustained damages by investing in bad real estate securities.
On April 25, 2019, a different customer filed an investment related FINRA securities arbitration claim regarding Martinsen’s conduct where the customer sought $1,700,000.00 in damages based upon allegations of unsuitable investment advice by Martinsen concerning the customer’s investment in a real estate security from 2009 to 2018. FINRA Arbitration No. 19-01042.
Martinsen is also the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $5,000,000.00 in damages supported by accusations that from 2013 to 2020, Martinsen made misrepresentations regarding real estate investment trusts, annuities and direct investments. FINRA Arbitration No. 20-01137 (Apr. 13, 2020). The customer’s account was allegedly overconcentrated in bad investments by Martinsen.
Martinsen has been registered with Centaurus Financial as a stockbroker since October 7, 1999 and as an investment adviser representative since September 22, 2011.