Timothy Neil Tremblay of Santa Barbara, 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 $500,000.00 in damages based upon allegations that Tremblay over-concentrated the customer’s accounts in real estate securities which were both illiquid and risky when Tremblay was associated with Centaurus Financial Inc. FINRA Arbitration No. 24-00025 (January 3, 2024).
FINRA Public Disclosure shows that Tremblay is referenced in eight other customer initiated investment related disputes concerning Tremblay’s conduct while associated with securities broker dealers. On June 19, 2013, a customer initiated investment related FINRA securities arbitration claim involving Tremblay’s conduct was settled for $119,375.55 in damages based upon alleged losses resulting from investments in real estate securities, mutual funds, and fixed annuities when Tremblay was associated with Centaurus Financial Inc. FINRA Arbitration No. 13-01324.
Tremblay is also referenced in a complaint that was settled on June 22, 2015, for $4,300.00 in damages based upon allegations that Tremblay made misrepresentations of material fact in connection with the sale of life insurance products.
On September 30, 2022, a customer filed an arbitration claim involving Tremblay’s conduct in which the customer requested compensation based upon alleged unsuitable advice. FINRA Arbitration No. 22-02218 (September 30, 2022). Tremblay is identified in a different customer arbitration claim in which the customer requested $800,000.00 in damages based upon alleged unsuitable recommendations in REITS, equities, and corporate bonds. FINRA Arbitration No. 23-01527.
Tremblay is also the subject of an enforcement action initiated by Securities and Exchange Commission in which the regulator is seeking sanctions against Tremblay based upon allegations that Tremblay violated Securities Exchange Act of 1934 Rule 151-1(a), known as Regulation Best Interest. SEC Case No. C-08829 (August 24, 2023). SEC claims that Tremblay did not adequately consider the best interests of his customers when making investment recommendations.
Since May 16, 2003, Tremblay has been associated with Centaurus Financial Inc. in Santa Barbara, California as both a stockbroker and an investment advisor representative.
