Patrick Roland Hobert of Newport Beach, California, a stockbroker registered with Centaurus Financial Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $100,000.00 in damages based upon allegations that Hobert breached his fiduciary duties and made the unsuitable investment recommendation of non-traded REITs during the period that Hobert was associated with Centaurus Financial Inc. FINRA Arbitration No. 24-01173 (June 5, 2024).
FINRA Public Disclosure shows that Hobert is referenced in fifteen (15) other investor disputes concerning Hobert’s conduct while associated with securities broker dealers. On February 4, 2014, a customer filed an investment related complaint involving Hobert’s conduct in which the customer requested $35,000.00 in damages based upon allegations that Hobert made unsuitable recommendations and misrepresentations in connection with the sale of real estate securities when Hobert was associated with Centaurus Financial Inc. This complaint was closed without the customer taking further action.
On December 19, 2023, a customer filed a FINRA securities arbitration claim involving Hobert’s conduct in which the customer requested damages based upon alleged unsuitable recommendations in illiquid real estate securities. FINRA Arbitration No. 23-03450.
Hobert was also referenced in a customer initiated investment related FINRA securities arbitration claim that was settled for $50,474.59 in damages based upon allegations that in March of 2020, Hobert recommended speculative and illiquid corporate bonds. FINRA Arbitration No. 22-01008 (December 28, 2023).
On January 8, 2024, another securities arbitration claim involving Hobert’s conduct was settled for $50,500.00 in damages based upon allegations that Hobert made misrepresentations of material fact about corporate bonds. FINRA Arbitration No. 23-01747.
Hobert was also referenced in a securities arbitration claim that was settled for $10,000.00 in damages based upon allegations that Hobert breached his fiduciary duties and provided unsuitable advice to the Centaurus Financial Inc. customer. FINRA Arbitration No. 23-02484 (January 8, 2024).
Hobert is additionally referenced in a customer initiated investment related complaint filed on January 8, 2024, in which the customer requested $100,000.00 in damages based upon alleged unsuitable recommendations in corporate debt products.
Hobert has been associated with Centaurus Financial Inc. in Newport Beach, California since July 9, 2007.
