Bryon Edwin Martinsen of Kings Park, New York, a stockbroker currently registered with Centaurus Financial Inc., is identified in a customer initiated investment related FINRA securities arbitration claim which was settled for $15,801.50 in damages based upon allegations that the customer’s account had been overconcentrated by Martinsen in real estate securities in illiquid investments while Martinsen was associated with Centaurus Financial Inc. Financial Industry Regulatory Authority (FINRA) Arbitration No. 21-02934 (January 18, 2022).
Martinsen has been identified in ten more customer initiated investment related disputes concerning accusations of his misconduct when employed by securities broker dealers, including Centaurus Financial. FINRA Public Disclosure shows that a customer initiated investment related FINRA securities arbitration claim involving Martinsen’s conduct was resolved for $87,500.00 in damages supported by allegations of omissions, misrepresentations, negligence, and breach of fiduciary duty by Martinsen at Centaurus Financial. According to the claim, the customer was defrauded through making purchases of private placements, equipment leasing funds, and non-traded real estate investment trusts.
On July 22, 2016, a customer filed an investment related FINRA securities arbitration claim concerning Martinsen’s activities in which the customer sought $1,787,000.00 in damages founded on accusations of unsuitable direct investments, including limited partnership interests and direct participation program interests. FINRA Arbitration No. 16-02023. The claim alleges that Centaurus Financial allowed the stockbroker to make sales of those alternative investments without completing due diligence.
On February 4, 2019, another customer filed an investment related FINRA securities arbitration claim regarding Martinsen’s conduct that was settled for $10,000.00 in damages based upon allegations that misrepresentations and omissions had been made by Martinsen relating to a real estate security transaction during the time that Martinsen was registered with Centaurus Financial. FINRA Arbitration No. 18-02032. According to the claim, the customer was placed into unsuitable investments.
Martinsen is also the subject of a customer initiated investment related FINRA securities arbitration claim which was resolved for $25,000.00 in damages supported by accusations of Martinsen’s unsuitable investments of real estate securities for the customer’s Centaurus Financial account. FINRA Arbitration No. 19-00506 (July 10, 2019).
On October 16, 2020, another customer filed an investment related FINRA securities arbitration claim involving Martinsen’s conduct where the customer requested $3,000,000.00 in damages founded on allegations that between November of 2007 and October of 2020, unsuitable investments and insurance products were sold by Martinsen based on the customer’s liquidity needs and tolerance for risk. FINRA Arbitration No. 20-03451.
On August 18, 2021, a different customer initiated investment related FINRA securities arbitration claim concerning Martinsen’s activities was settled for $217,818.19 in damages based upon accusations of unsuitable investment advice by Martinsen. FINRA Arbitration No. 19-01042. The claim alleges that the customer invested in real estate securities through Centaurus Financial between 2009 and October 2018.
Martinsen is also referenced in a customer initiated investment related FINRA securities arbitration claim which was resolved for $985,000.00 in damages supported by allegations that the customer’s account had been overconcentrated in variable annuities, real estate securities, and other direct investments between 2013 and 2020 because of Martinsen and Centaurus Financial. FINRA Arbitration No. 20-01137 (November 23, 2021).
Martinsen has been employed by Centaurus Financial as a stockbroker since October 7, 1999, and as an investment adviser representative since September 22, 2011.
