John Marcheso: $650K Complaint Against Centaurus Advisor

Coeur D’Alene, Idaho financial advisor John Marcheso (CRD# 869337) recently received an investor complaint alleging that his conduct resulted in damages of more than $600,000. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with Centaurus Financial, doing business as Marcheso and Associates.

Mr. Marcheso’s BrokerCheck report discloses multiple investor complaints. The most recent, filed in June 2025, alleges that as a representative of Centaurus Financial, he recommended unsuitable, illiquid, high-risk investments in oil and gas and real estate products. The pending complaint alleges damages of $650,000.

A second investor complaint, filed in 2023, alleged that as a Centaurus representative, he recommended an unsuitable real estate investment that performed poorly. The pending complaint alleges damages of $73,000.

A third investor complaint, filed in 2023, alleged that as a Centaurus representative, he recommended unsuitable investments and strategies. In 2024 the complaint reached a settlement of $6,000.

A fourth investor complaint, filed in 2022, alleged that as a Centaurus representative, he over-concentrated the customer’s account and recommended unsuitable, high-risk, and illiquid products. In 2023 the complaint reached a settlement of $400,000.

A fifth investor complaint, filed in 2020, alleged that he recommended an unsuitable real estate investment while a representative of Centaurus Financial. The complaint reached a settlement of $14,750.

According to the Financial Industry Regulatory Authority, John Marcheso holds 42 years of securities industry experience. Based in Coeur D’Alene, Idaho, he has been registered as a broker and an investment advisor with Centaurus Financial since 2000 and 2002, respectively, doing business as Marcheso and Associates. He was previously registered with NYLife Securities from 1983 until 2000. His credentials include the passage of eight securities industry qualifying exams: the Uniform Combined State Law Examination, or Series 66; the Uniform Securities Agent State Law Examination, or Series 63; the Corporate Securities Limited Representative Examination, or Series 62; the Securities Industry Essentials Examination, or SIE; the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the Direct Participation Programs Representative Examination, or Series 22; and the Municipal Securities Representative Examination, or Series 52. He is licensed in Florida and Idaho. (Information current as of August 7, 2025.)

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