Bryon Martinsen Lawsuit | Broker Misconduct
Who Is Bryon Martinsen? | Bryon Martinsen Lawsuit
Bryon Martinsen is a Kings Park, New York broker. Martinsen is currently registered with Centaurus Financial and was previously registered with AXA Advisors. Martinsen currently has 9 Brokercheck Disclosures, including a pending Customer Dispute for “unsuitable investments and several other allegations.”
Peiffer Wolf Carr & Kane is currently investigating claims against Bryon Martinsen, a registered broker at Centaurus Financial in Northport, NY.
According to FINRA’s BrokerCheck website for Public Disclosures, Bryon Martinsen has been the subject of nine disclosures. Some of the more notable disclosures are as follows:
1999: Employment Separation After Allegations – AXA Advisors discharged him because “Martinsen was involved in outside business activities which he had previously been advised to cease and desist.”
2005: Customer Dispute – Settled for $50,000
2007: Customer Dispute – Settled for $7,227
2014: Customer Dispute – Settled for $87,5000
2018: Customer Dispute – Settled for $10,000
2019: Pending Customer Dispute – Damages Requested: $127,000. “Customer primarily alleges that the financial advisor recommended unsuitable investments and several other allegations associated therewith from September 2009 through 2015.
Since 2005, customer complaints disclosed against Bryon Martinsen have included allegations of “unsuitable investments, misrepresentations, omissions of material risk, breach of fiduciary duty, common law fraud, negligence,” and “breach of industry rules pertaining to the purchases of non-traded real estate investment trusts.”
To review Bryon Martinsen’s Brokercheck report, click here: https://brokercheck.finra.org/individual/summary/1621649
Financial advisors (brokers) have a legal obligation and regulatory obligation to recommend only suitable investments that are appropriate for their individual clients. Their broker-dealer (employing brokerage firm) has a legal obligation and regulatory obligation to supervise the financial advisor’s sales practices and dealings with clients. To the extent that any of these duties are breached, the customer may be entitled to a recovery of his or her investment losses.
Bryon Martinsen has worked at multiple firms over the years, including Centaurus Financial, AXA Advisors, and The Equitable Life Assurance Society of the United States. FINRA maintains a database of investor complaints and disciplinary and employment history for registered representatives and publishes some of this information on its BrokerCheck website, www.brokercheck.finra.org.
Bryon Martinsen Broker | Bryon Martinsen Lawsuit
Based on our experience, we believe that there are more investors who have been the victim of Martinsen’s alleged broker misconduct and investment fraud. If you’ve worked with or invested with Bryon Martinsen, you should contact Peiffer Wolf Carr & Kane immediately for a FREE Consultation.
Peiffer Wolf Carr & Kane is currently investigating Bryon Martinsen’s practices, as well as the products he recommended to individual investors. Concerns about possible broker misconduct and investment fraud are serious, and we are committed to fighting on behalf of investors. Contact Us Today for a FREE Consultation. 585-310-5140