Apryl Waldman: $40K Bond Complaint Against Montecito Advisor

A recent investor complaint against Bellingham, Washington financial advisor Apryl Waldman (CRD# 4653460) alleges improper recommendations of risky investments. Financial Industry Regulatory Authority records show that she is a broker and an investment advisor with Centaurus Financial, doing business as Montecito Financial Services.

Ms. Waldman’s BrokerCheck report discloses one investor complaint. Filed in July 2023, it alleges that as a representative of Centaurus Financial, she made an improper investment recommendation involving a “high-risk and illiquid” corporate bond investment. The pending complaint alleges damages of $40,000.

For reference, FINRA rules require brokers-dealers and their representatives, like Ms. Waldman, to follow the suitability standard. As outlined in FINRA Rule 2111, this rule states that they may only recommend their customers invest in products and strategies that are appropriate for the customers’ individual investment profiles. More information about this standard is available via our investor resource.

According to the Financial Industry Regulatory Authority, Apryl Waldman holds 17 years of securities industry experience. Based in Bellingham, Washington, she has been a broker and an investment advisor with Centaurus Financial since 2019, doing business as Montecito Financial Services. Her registration history includes Moody Securities (Houston, Texas; 2015-2019), Terra Capital Markets (New York, New York; 2014-2015), US Sterling Securities (Hauppage, New York; 2012-2013), Hedgelab Capital Management (Seattle, Washington; 2009-2012), Cazenave & Company (Westminster, Colorado; 2009-2011), Lightstone Securities (New York, New York; 2005-2009), Kelmoore Investment Company (Palo Alto, California; 2004-2005), and National Planning Corporation (Los Angeles, California; 2003-2004). Her credentials include the passage of five securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; the Uniform Combined State Law Examination, or Series 66; and the Uniform Investment Adviser Law Examination, or Series 65. She is licensed in California, Colorado, the District of Columbia, Florida, Georgia, Michigan, New York, Ohio, Oregon, South Carolina, Texas, Washington, and West Virginia. (Information current as of July 30, 2023.)

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