Bryon E. Martinsen, of Northport, New York, a stockbroker with Centaurus Financial, Inc., was named in a customer dispute in which a customer is requesting $1,787,000.00 in damages after alleging that Martinsen sold the customer products that were unsuitable and had not been vetted with proper due diligence.
According to FINRA BrokerCheck, Martinsen has also been subject to six other disclosure incidents. On September 29, 1999, he was terminated from AXA Advisors, Inc. amid allegations of his engagement in unauthorized outside business activities. In September 8, 2005, Martinsen settled a case for $120,428.00 in connection with a customer dispute involving a viatical settlement.
On June 28, 2007, Martinsen settled a customer dispute for $7,227.00 after a customer alleged that Martinsen effected unsuitable sales of mutual funds and variable annuity products that had not been fully explained to the customer. On September 17, 2014, Martinsen settled a customer dispute for $87,500.00 after being alleged to have committed fraud, misrepresentation, negligence, and breach of fiduciary duty in connection with the customer’s purchase of leasing equipment funds, private placements, and real estate investment trusts.
Guiliano Law Group
Our practice is limited to the representation of investors. We accept representation on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.
