Jeffrey Patrick Hobert, of Newport Beach, California, a stockbroker registered with Centaurus Financial Inc., was referenced in a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $50,474.59 in damages based upon allegations that Hobert made the unsuitable investment recommendation of illiquid, high-commission, and risky corporate bonds for the customer’s account during the time that Hobert was associated with Centaurus Financial Inc. FINRA Arbitration No. 22-01008 (December 28, 2023).
This is not the first time that Hobert has been referenced in a customer initiated investment related dispute concerning Hobert’s conduct in the securities industry. FINRA Public Disclosure shows that Hobert is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensatory damages based upon allegations that Hobert recommended an unsuitable investment strategy involving alternative investments and real estate securities when Hobert was associated with Centaurus Financial Inc. FINRA Arbitration No. 23-03450 (December 19, 2023).
Hobert has been associated with Centaurus Financial Inc. in Newport Beach, California since February 19, 2015.
