James Orth Davis of San Francisco California a stockbroker currently employed by Centaurus Financial, Inc. is referenced in a customer initiated investment related civil action in which the customer sought unspecified damages based upon accusations including (1) negligent misrepresentation (2) omissions of information (3) fraud (4) breach of fiduciary duty and (5) violation of California Corporations Code. Civil Action No. CGC-17-561803 (Nov. 28, 2017).
Financial Industry Regulatory Authority (FINRA) Public Disclosure additionally reveals that Davis is the subject of a customer initiated investment related arbitration claim where the customer requested $121,500.00 in damages supported by allegations that the customer’s account was handled in a negligent manner, fiduciary duties owed to the customer had been breached, transactions were executed in the customer’s account that failed to be suitable, the customer was defrauded and a victim of elder abuse during the time that Davis was associated with Securities America, Inc., Royal Alliance Assoc., Inc., Integrated resources Equity Corp., and Financial Planners Equity Corp.
FINRA Public Disclosure additionally confirms that on September 19, 2015, Davis was subject of an investigation conducted by Montana State Auditor Commissioner of Securities and Insurance regarding the potentially excessive fees charged to a customer.
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