Thomas Benjamin Paine (also known as Tom Paine), of Arroyo Grande, 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 damages based upon allegations that Paine made the unsuitable investment recommendation of illiquid alternative investments including real estate securities when Paine was associated with Centaurus Financial Inc. FINRA Arbitration No. 23-03450 (December 13, 2023).
This is not the first time that Paine has been referenced in a customer initiated investment related dispute concerning Paine’s conduct in the securities industry. FINRA Public Disclosure shows that Paine was also referenced in a customer initiated investment related complaint filed on September 9, 2013, in which the customer requested damages based upon allegations that Paine made the unsuitable investment recommendation of real estate securities during the period that Paine was associated with Centaurus Financial Inc. The complaint was denied.
Paine has been associated with Centaurus Financial Inc. in Arroyo Grande, California since May 5, 2006.
