Donna Louise Klink Payne, of Summerland, California, a stockbroker registered with Centaurus Financial Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim. The customer requested damages based upon allegations that Payne made unsuitable recommendations in real estate securities when Payne was associated with Centaurus Financial Inc. FINRA Arbitration No. 23-03450 (December 13, 2023).
This is not the first time that Payne has been referenced in a customer initiated investment related dispute concerning Payne’s conduct in the securities industry. FINRA Public Disclosure shows that Payne is also referenced in a customer initiated investment related complaint that was settled on August 26, 2001, for $4,750.00 in damages based upon allegations that Payne made misrepresentations of material fact in connection with the sale of variable annuities during the time that Payne was associated with UBS PaineWebber Inc.
Payne is also referenced in a FINRA securities arbitration claim in which the customer requested $40,000.00 in damages based upon allegations that Payne recommended a high-risk and illiquid corporate bond when Payne was associated with Centaurus Financial Inc. FINRA Arbitration No. 23-01881 (July 3, 2023).
Payne has been associated with Centaurus Financial Inc. in Summerland, California since December 15, 2010.
