Gary Lee Sauve, of Bismarck, North Dakota, a stockbroker registered with Centaurus Financial Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $100,000.00 in damages based upon allegations that Sauve breached his fiduciary duties to the customer and made the unsuitable investment recommendation of corporate bonds when Sauve was associated with Centaurus Financial Inc. FINRA Arbitration No. 23-03228 (November 7, 2023).
FINRA Public Disclosure shows that Sauve is referenced in six other customer disputes concerning Sauve’s conduct while associated with securities broker dealers. On February 13, 2024, a customer initiated investment related FINRA securities arbitration claim involving Sauve’s conduct was settled for $10,500.00 in damages based upon allegations that Sauve made the unsuitable investment recommendation of “corporate bonds” during the time that Sauve was associated with Centaurus Financial Inc. FINRA Arbitration No. 22-01598.
On June 15, 2023, a customer initiated investment related FINRA securities arbitration claim involving Sauve’s conduct was settled for $27,500.00 in damages based upon allegations that Sauve recommended illiquid and risky securities. FINRA Arbitration No. 22-02178. On September 27, 2023, a different customer filed a securities arbitration claim involving Sauve’s conduct in which the customer requested damages based upon allegations that Sauve breached his fiduciary duties in connection with the sale of “corporate debt products.” FINRA Arbitration No. 23-02592.
Sauve was also referenced in a securities arbitration claim that was settled for $15,000.00 in damages based upon allegations that Sauve made unsuitable investment recommendations and breached his fiduciary duties to the customer. FINRA Arbitration No. 23-02466 (January 8, 2024). Sauve was additionally the subject of a securities arbitration claim that was settled for $129,002.00 in damages based upon allegations that Sauve made unsuitable recommendations. FINRA Arbitration No. 22-02781 (February 8, 2024).
On May 6, 2024, another securities arbitration claim involving Sauve’s conduct was settled for $65,245.46 in damages based upon allegations that Sauve gave unsuitable advice while at Centaurus Financial Inc. FINRA Arbitration No. 23-01793.
Sauve was associated with Centaurus Financial Inc. in Bismarck, North Dakota from June 4, 2015, to March 9, 2021.
