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Blake Rose: $25K Complaint Against Pinnacle Strategies Advisor
Santa Ana, California financial advisor Blake Rose (CRD# 1836176) is involved in an investor complaint alleging his advice resulted in damages. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor with Centaurus Financial, doing business as Pinnacle Strategies.
Mr. Rose’s BrokerCheck report discloses one investor complaint. Filed in December 2022, it alleges that as a representative of Centaurus Financial, he “recommended a complex, high-risk and illiquid investment” in a corporate bond product. The pending complaint alleges damages of $25,000.
Brokers like Mr. Rose are bound by industry standards that require the recommendation of investments and strategies that are appropriate for a client’s background and objectives. FINRA Rule 2111 specifically establishes this standard, known as suitability, stating that FINRA-associated brokers must “have a reasonable basis to believe that a recommended transaction or investment strategy” is appropriate for an investor’s profile, which encompasses their financial situation, risk tolerance, investment goals, and other factors. An investment in a high-risk, illiquid real estate investment trust, for example, might be considered unsuitable for an investor with a low risk tolerance and conservative objectives. Brokers who recommend unsuitable investments can be held liable in the event of losses.
According to the Financial Industry Regulatory Authority, Blake Rose holds 22 years of securities industry experience. Based in Santa Ana, California, he has been a broker and an investment advisor with Centaurus Financial since 2005, doing business as Pinnacle Strategies. He was previously registered with AXA Advisors in Irvine, California from 2000 until 2005. His credentials include the passage of three securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; and the Uniform Combined State Law Examination, or Series 66. He is licensed in California, Florida, Idaho, Kentucky, Nevada, and Texas. (Information current as of February 3, 2023.)
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.