Kenneth Alfred McCabe, of West Hills, California, a stockbroker registered with Centaurus Financial Inc., is the subject of two customer initiated investment related disputes. On November 23, 2021, a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim was filed. The customer alleged that from 2014 through 2018, McCabe misrepresented illiquid investments. The customer requested $178,000.00 in damages. On January 25, 2023, the dispute was resolved through a settlement in which Centaurus Financial paid $95,000.00 to the customer. FINRA Arbitration No. 21-02529.
According to FINRA Public Disclosure, on May 6, 2020, a different customer filed a dispute alleging that investments made between October 2014 and December 2019 performed poorly. The customer sought $65,000.00 in damages. On July 2, 2020, Centaurus Financial agreed to purchase the securities from the customer for $51,975.34. FINRA Arbitration No. 20-01329. McCabe stated that the investments were suitable and aligned with the investor’s objectives. He did not contribute to the settlement and denied any wrongdoing.
McCabe has been associated with Centaurus Financial Inc. as a stockbroker since September 24, 2011, and as an investment advisor representative since February 29, 2012.
