John Calderwood Starke Sr., of Mechanicsville, Virginia, a stockbroker registered with Centaurus Financial Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $150.000.00 in damages based upon allegations that Starke made unsuitable recommendations of real estate securities and corporate bonds when Starke was registered with Centaurus Financial Inc. Financial Industry Regulatory Authority (FINRA) Arbitration No. 23-00536 (March 14, 2023). According to the claim, Starke’s recommendations conflicted with the customer’s liquidity needs and risk tolerance.
FINRA Public Disclosure shows that Starke is referenced in nine other customer initiated investment related disputes concerning Starke’s conduct while registered with securities broker dealers. On October 13, 2005, a customer initiated investment related complaint involving Starke’s conduct was settled for $57,000.00 in damages based upon allegations that Starke made unsuitable recommendations of over-the-counter equities when Starke was registered with Intersecurities Inc. According to the complaint, the investments poorly performed and conflicted with the customer’s risk tolerance.
On July 13, 2012, another customer filed an investment related complaint involving Starke’s conduct in which the customer requested $200,000.00 in damages based upon allegations that Starke made unsuitable recommendations of Real Estate Investment Trusts or REITs and direct investments when Starke was registered with American Beacon Partners. The securities broker dealer denied the complaint.
Starke is also referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $75,000.00 in damages based upon allegations that Starke made unsuitable recommendations of real estate securities and direct investments when Starke was registered with Centaurus Financial Inc. FINRA Arbitration No. 23-00054 (January 10, 2023). According to the claim, investments poorly performed and conflicted with the customer’s liquidity needs.
On January 24, 2023, a different customer filed an investment related civil action involving Starke’s conduct in which the customer requested $144,283.00 in damages based upon allegations that Starke surrendered the customer’s insurance policy, resulting in tax consequences. Civil Action No. CL23000105-00.
Starke is also referenced in a Centaurus Financial Inc. customer initiated investment related FINRA securities arbitration claim in which the customer requested $50,000.00 in damages based upon allegations that Starke made unsuitable recommendations of corporate bonds. FINRA Arbitration No. 22-01953 (October 18, 2022).
Starke has been registered with Centaurus Financial Inc. as a stockbroker since June 26, 2015.
