INVESTOR ALERT—Centaurus Financial Broker, William Dobbs, Has Multiple Tax Liens And Customer Complaints
The Wolper Law Firm is currently investigating claims against William Dobbs, a Financial Advisor at Centaurus Financial in Roseville, California. William Dobbs has been in the securities industry since the 1980s and previously worked at Metlife Securities.
According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), William Dobbs has numerous tax liens reported on his BrokerCheck disclosure report, including four liens between 2013-2016 for $13,000, $8,000, $54,000 and $32,000. Financial Advisors with tax liens are a red flag as it may indicate financial distress and ulterior motives in making investment recommendations that are commission driven.
In addition, William Dobbs has a documented history of customer complaints, including the following:
- January 2010—“Customer alleged the representative provided false information…”
- December 2009—“Customers allege the representative misrepresented the premium on the variable life insurance policies…”
- May 2002—“Clients allege negligence, negligent misrepresentation, breach of fiduciary duty…” The matter was settled for $70,000.
To review all customer complaints against William Dobbs, click https://brokercheck.finra.org/individual/summary/1064156#disclosuresSection
Financial advisors have a legal and regulatory obligation to recommend only suitable investments that are appropriate for their clients’ needs and objectives. Their employing brokerage firm has a legal and regulatory obligation to supervise the Financial Advisors’ sales practices and dealings with clients. To the extent any of these duties are breached, the customer may be entitled to a recovery of his or her investment losses.
If you or someone you know was a customer of William Dobbs and you experienced investment losses, please contact the Wolper Law Firm at 800.931.8452 or by email at firstname.lastname@example.org to discuss your specific situation and the legal options available. The Wolper Law Firm represents investors nationwide in securities litigation and arbitration.
Matt Wolper, the Managing Principal of the Wolper Law Firm, is a trial lawyer who has handled hundreds of securities cases during his career involving a wide range of products, strategies and securities. Prior to representing investors, he was a partner with a national law firm, where he represented some of the largest banks and brokerage firms in the world in securities matters.