Cindy Lucille Porto Chiellini of Lexington South Carolina a stockbroker registered with Centaurus Financial Inc. and JP Turner Company LLC is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer sought $125,000.00 in damages based upon allegations of unsuitable recommendations of a corporate bond and a certificate of deposit. Financial Industry Regulatory Authority (FINRA) Arbitration No. 20-03893 (Feb. 4, 2021).
FINRA Public Disclosure reveals that Chiellini has been referenced in 39 more customer initiated investment related disputes regarding accusations of her misconduct when she was employed by securities broker dealers including Centaurus Financial and JP Turner Company. Chiellini is the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $50,000.00 in damages founded on allegations of the customer not being made aware of the lack of liquidity of investments that they held when Chiellini was associated with Centaurus Financial and JP Turner Company. FINRA Arbitration No. 18-02791 (Nov. 5, 2019). The claim alleges that the customer incurred a loss on real estate security and corporate debt investments.
Chiellini is also referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested $100,000.00 in damages based upon accusations that between 2012 and April of 2020, a JP Turner Company stockbroker made misrepresentations to the customer and had executed unsuitable sales of corporate bonds, CDs and REITs. FINRA Arbitration No. 20-01073 (Apr. 6, 2020). According to the claim, the stockbroker breached a fiduciary duty.
On February 26, 2021, an additional customer initiated investment related FINRA securities arbitration claim regarding Chiellini’s activities was settled for $22,500.00 in damages founded on allegations of a breach of fiduciary duty by the stockbroker between 2011 and 2020 as it pertained to CDs and corporate debt products. FINRA Arbitration No. 20-01404. The claim alleges misrepresentation by the financial advisor.
On April 14, 2021, another customer initiated investment related FINRA securities arbitration claim involving Chiellini’s conduct was resolved for $5,000.00 in damages supported by accusations of the customer being sold an unsuitable real estate security, CD and corporate bond between 2008 and 2017. FINRA Arbitration No. 20-00815. According to the claim, the customer’s account had been overconcentrated in investments which caused damages. The claim contains allegations of a breach of fiduciary duty by Chiellini at Centaurus Financial and Cetera Financial Group.
On June 7, 2021, a different customer initiated investment related FINRA securities arbitration claim concerning Chiellini’s activities was resolved for $35,000.00 in damages supported by accusations including fraudulent activities and negligence at JP Turner and Centaurus Financial. FINRA Arbitration No. 18-04363. The claim alleges the stockbroker’s breach of fiduciary duty between 2014 and 2018.
Chiellini has been registered with Centaurus Financial since May 19, 2015.
