Robert Joseph Binkele of Indian Wells California a stockbroker formerly registered with Centaurus Financial Inc. is the subject of a customer initiated investment related civil action in the Superior Court of California in which the customer sought more than $5,000.00 in damages supported by allegations of breach of fiduciary duty by Binkele as it pertained to a deferred sales trust that was established during the period that Binkele was associated with Centaurus Financial inc. Civil Action No. 20STCV40403 (Oct. 22, 2020).

According to the claim, Binkele possibly engaged in fraudulent actions concerning the creation of a deferred sales trust. The claim also alleges negligence by the stockbroker resulting in damages.

Binkele is also the subject of an investigation launched by State of Washington Department of Financial Institutions on August 15, 2019 regarding accusations of Binkele’s deferred sales trust transactions with residents in the State of Washington.

FINRA Public Disclosure additionally reveals that Binkele is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer was awarded $9,467.47 in damages based upon Binkele being found liable on the customer’s claims of Binkele misrepresenting information relating to a viatical settlement. The claim alleges that the customer had been guaranteed 20 percent returns but was not told about the costs associated with the investment.

Binkele has also been terminated from prior securities broker dealer employer Raymond James Financial founded on allegations of him receiving too many complaints violating the securities broker dealer’s policy.

Binkele was registered with Centaurus Financial between October 30, 2015 and August 30, 2019.

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