Sam Sutterfield: $100K Complaint Against Modern Wealth Advisor

Tucson financial advisor Sam Sutterfield (CRD# 5988560) has received an investor complaint alleging six-figure damages. Financial Industry Regulatory Authority records show that he is a broker and investment advisor with Centaurus Financial, doing business as Modern Wealth Management. 

Mr. Sutterfield’s BrokerCheck report discloses one pending investor complaint against him. Filed in May 2022, the complaint alleges that as a Centaurus representative, he recommended illiquid investments in 2020 and 2021. The pending complaint, which concerns investments in real estate securities and corporate bonds, alleges damages of $100,000.

In a comment on the pending complaint’s disclosure, Mr. Sutterfield “vehemently” denied any wrongdoing and described the allegations as “completely” 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,” he wrote, continuing: “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. At all times, I put the customer’s interest first and I will vigorously defend this matter to the fullest extent of the law.”

According to the Financial Industry Regulatory Authority, Sam Sutterfield holds 10 years of securities industry experience. Based in Tucson, Arizona, he has been a broker and investment advisor with Centaurus Financial since 2018, doing business as Modern Wealth Management. He was formerly registered with Wells Fargo Clearing Services in Tucson from 2011 until 2018 as a broker and from 2015 to 2018 as an investment advisor. His credentials include the passage of five securities industry qualifying exams: the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the Uniform Combined State Law Examination, or Series 66; the General Securities Representative Examination, or Series 7; the Uniform Securities Agent State Law Examination, or Series 63; and the Securities Industry Essentials Examination, or SIE. He holds 29 state licenses. (Information current as of June 7, 2022.)

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