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$100K Complaint Against Centaurus Advisor Michelle Anthony
Tucson financial advisor Michelle Anthony (CRD# 4512228) has received an investor complaint alleging her recommendations resulted in losses. Financial Industry Regulatory Authority records show that she is a broker and investment advisor with Centaurus Financial.
Ms. Anthony’s BrokerCheck report discloses several investor complaints. The most recent, filed in May 2022, alleges that as a representative of Centaurus Financial, she recommended unsuitable, illiquid investments in corporate bonds and real estate securities. The pending complaint alleges damages of $100,000.
In a statement on the May 2022 complaint’s disclosure, Ms. Anthony commented that she “vehemently” denies any wrongdoing and asserted that the allegations are meritless. “The investment about which the customers complained were suitable and were recommended based on the customer’s objectives, goals and financial circumstances and were offered only after their review of all material documentation related to the investment,” she wrote, adding further: “The customers confirmed in writing that they not only received the requisite investment documentation/disclosures, but that they fully understood the characteristics and risks of the investment.”
An earlier investor complaint, filed in 2014, alleged that as a representative of Wells Fargo Advisors, Ms. Anthony advised an annuity surrender “without fully understanding the tax ramifications” of the recommendation. In 2015 the complaint reached a settlement of $132,500.
According to the Financial Industry Regulatory Authority, Michelle Anthony holds 18 years of securities industry experience. Based in Tucson, Arizona, she has been a broker and investment advisor with Centaurus Financial since 2014. Her past registrations include Wells Fargo Advisors (Tucson, Arizona; 2011-2014), Wells Fargo Investments (Tucson, Arizona; 2010-2011), Chase Investment Services (Tucson, Arizona; 2006-2010), and Morgan Stanley DW (Tucson, Arizona; 2003-2006). Her credentials include the passage of four securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Uniform Combined State Law Examination, or Series 66; the Futures Managed Funds Examination, or Series 31; and the Securities Industry Essentials Examination, or SIE. She holds 31 state licenses. (Information current as of July 8, 2022.)
Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.