Garden City, New York financial advisor (CRD# 5225102) has received multiple investor complaints alleging that his investment recommendations led to...Read More
Jim Peters: $200K Complaint Against Grace Wealth Management Advisor
Jim Peters (CRD# 2665577), a financial advisor based in Irvine, California, recently received an investor complaint alleging he engaged in misconduct. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor with Centaurus Financial, doing business as Grace Wealth Management Group.
Mr. Peters’ BrokerCheck report discloses one investor complaint. Filed in August 2022, it alleges that as a representative of Centaurus Financial Group, he recommended the customer invest in an unsuitable and illiquid investment. The pending complaint alleges damages of $200,000.
In a “Broker Comment” on the pending complaint’s disclosure, Mr. Peters denied any wrongdoing and asserted that the complaint is “completely” meritless. “The investments about which the customer complained were suitable and were recommended based on the customer’s objectives, goals and financial circumstances and were offered only after her review of all material documentation related to the investment,” he wrote, adding: “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, Jim Peters holds 26 years of securities industry experience. Based in Irvine, California, he has been a broker and an investment advisor with Centaurus Financial since 2012, doing business as Grace Wealth Management Group. His past registrations include MML Investors Services (Irvine, California; 2001-2012), Northwestern Mutual Investment Services (Milwaukee, Wisconsin; 1995-2001), and Robert W. Baird & Company (Milwaukee, Wisconsin; 1995-2001). His credentials include the passage of four securities industry qualifying exams: the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; and the Uniform Securities Agent State Law Examination, or Series 63. He is licensed in California, Colorado, the District of Columbia, Georgia, Idaho, Illinois, Maryland, Nevada, New Jersey, Tennessee, Texas, and Washington. (Information current as of September 21, 2022.)
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