David John Segarra, of Las Vegas, Nevada, a stockbroker registered with Centaurus Financial Inc., is the subject of a customer initiated investment related complaint filed on June 3, 2024, in which the customer requested $80,000.00 in damages based upon alleged breach of fiduciary duty and unsuitable recommendations in illiquid real estate securities during the time that Segarra was associated with Centaurus Financial Inc.
This marks the second time that Segarra has been referenced in a customer initiated investment related dispute concerning Segarra’s conduct in the securities industry. Segarra is also referenced in a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $33,000.00 in damages based upon alleged unsuitable recommendations in corporate bonds when Segarra was associated with Centaurus Financial Inc. FINRA Arbitration No. 22-02432 (November 3, 2022).
Public Disclosure also shows that Segarra has also been fined $5,000.00 and ordered by State of Nevada Office of the Secretary of State Securities Division to cease and desist violating Nevada securities laws because Segarra allegedly conducted unlicensed activities. Case No. CI05-132 (September 12, 2007).
Segarra was associated with Centaurus Financial Inc. in Las Vegas, Nevada from October 29, 2008, to January 19, 2024, as an investment advisor representative, and from July 10, 2007, to January 19, 2024, as a stockbroker. He has been associated with LPL Financial LLC in Las Vegas, Nevada since January 23, 2024, as a stockbroker, and since January 22, 2024, as an investment advisor representative.
