Cindy Lucille Porto Chiellini of Lexington South Carolina a stockbroker currently registered with Centaurus Financial Inc. is the subject of a regulatory action initiated by the State of Colorado in which the regulator is seeking to bar Chiellini from engaging in securities business in the State of Colorado supported by allegations that Chiellini engaged in dishonest and unfair dealings with customers and sold investments that were unsuitable in violation of Colorado securities laws. Case No. XY 2019-016 (Sept. 25, 2019).
Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Chiellini has been identified in twenty-nine customer initiated investment related disputes containing accusations of her misconduct while employed with Centaurus Financial Group, Cetera Financial Inc. and J.P. Turner Company. Specifically, Chiellini is the subject of a customer initiated investment related arbitration claim in which the customer requested $200,000.00 in damages based upon allegations that unsuitable investments, including real estate security, corporate debt products and certificates of deposit, had been facilitated and misrepresented by the stockbroker. FINRA Arbitration No. 19-02218 (Aug. 14, 2019).
On September 3, 2019, a customer filed an investment related complaint concerning Chiellini’s conduct where the customer requested $170,000.00 in damages founded on allegations that between August of 2018 and August of 2019, inappropriate corporate debt and certificate of deposit investment purchases had been facilitated by Chiellini; and misrepresentations had been made concerning those products which induced the customer’s acquiescence to the transactions.
Another customer filed an investment related arbitration claim concerning Chiellini’s activities in which the customer sought $100,000.00 in damages based upon accusations that fiduciary duties had been breached; transactions were not suitable; and false or misleading statements had been made by the stockbroker concerning corporate debt investments. FINRA Arbitration No. 19-02632 (Sept. 3, 2019). Chiellini is referenced in another customer initiated investment related arbitration claim where the customer requested unspecified damages supported by allegations that real estate security, corporate debt and certificate of deposit investments were unsuitable for the customer. FINRA Arbitration No. 19-02273 (Sept. 11, 2019).
In addition, a customer filed an investment related arbitration claim in which the customer sought $100,000.00 in damages founded on accusations that bad corporate debt and certificate of deposit products were sold by the stockbroker during the period in which he was associated with Centaurus Financial and Cetera Financial Group. Financial Industry Regulatory Authority (FINRA) Arbitration No. 19-03012 (Oct. 24, 2019).
Chiellini has been employed by Centaurus Financial Inc. since May 19, 2015.
