Galen Kyle Kopman of Vancouver Washington a stockbroker formerly registered with Centaurus Financial Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim which was resolved for $30,774.00 in damages founded on accusations that Kopman had the customer invest in high-risk and illiquid investments. Financial Industry Regulatory Authority (FINRA) Arbitration No. 20-03607 (Mar. 1, 2021). According to the claim, the customer experienced damages by investing in unsuitable real estate security products.

FINRA Public Disclosure reveals that Kopman has been identified in two more customer initiated investment related disputes containing allegations of misbehavior when he was registered with LPL Financial LLC. On July 5, 2016, a customer filed an investment related complaint regarding Kopman’s conduct where the customer sought $172,283.00 in damages based upon accusations that Kopman provided unsuitable recommendations as it pertained to the customer’s investment in real estate security products through LPL Financial. The claim alleges that the documents relating to real estate securities transactions had been altered by the stockbroker.

Kopman is also referenced in a customer initiated investment related FINRA securities arbitration claim which was settled for $115,000.00 in damages supported by allegations of defective investment advice by the stockbroker in regard to direct investments. FINRA Arbitration No. 19-02900 (May 20, 2020). The claim alleges that the customer had been sold a business development company investment that was inappropriate given the customer’s needs and investment objectives. According to the claim, omissions and misrepresentations were made by the stockbroker in regard to the illiquidity of the BDC.

Kopman was registered with Centaurus Financial between May 5, 2015 and May 23, 2018.

Tags: ,

Comments are closed.