Kenneth Wayne Finnell (also known as Ken Finnell), of Winchester, California, a stockbroker registered with Centaurus Financial Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $37,500.00 in damages based upon the alleged unsuitable investment recommendation of real estate securities or REITs during the period that Finnell was associated with Centaurus Financial Inc. FINRA Arbitration No. 22-02373 (June 21, 2024).
This is not the first time that Finnell has been referenced in a customer initiated investment related dispute concerning Finnell’s conduct in the securities industry. FINRA Public Disclosure shows that Finnell was also referenced in a customer initiated investment related FINRA securities arbitration claim that was settled for $11,000.00 in damages based upon alleged violations of California Corporations Code, failure to supervise, breach of fiduciary duty, unsuitable recommendations, and breach of contract in connection with the sale of direct investments while Finnell was associated with LPL Financial. FINRA Arbitration No. 13-01721 (January 5, 2015).
On December 11, 2023, a securities arbitration claim involving Finnell’s conduct was settled for $2,000,000.00 in damages based upon alleged overconcentration of the customer’s accounts in real estate securities, oil and gas investments, and equipment leasing products during the time that Finnell was associated with Centaurus Financial Inc. FINRA Arbitration No. 21-01714.
Finnell was associated with Centaurus Financial Inc. in Winchester, California from April 3, 2012, to August 13, 2018.
