Marcel Pahmer: Newport Wealth Advisor Lands $300K Complaint

A recent investor complaint against Newport Beach, California financial advisor Marcel Pahmer (CRD# 4565391) alleges that he recommended investments that resulted in six-figure damages. Financial Industry Regulatory Authority records show that he is currently registered as a broker with Centaurus Financial and an investment advisor with Newport Wealth Advisors.

Mr. Pahmer’s BrokerCheck report discloses multiple investor complaints. The most recent, filed in February 2024, alleges that as a representative of Centaurus Financial, he “recommended unsuitable, high-risk, illiquid investments” and that he breached his fiduciary duty. The pending complaint alleges damages of $300,000.

In a statement included with the pending complaint’s disclosure, Mr. Pahmer denies the allegations and describes them as 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 adds. “At all times, I put the customer’s interest first and I will vigorously defend this matter to the fullest extent of the law.”

An earlier investor complaint, filed in 2019, alleged that as a representative of Centaurus Financial, he misrepresented real estate investments and breached his fiduciary duty. In 2021 the complaint reached a settlement of $295,000. In a statement included with the complaint’s disclosure, he denied the allegations and stated that he “was not named as a party in this arbitration.”

A third investor complaint, filed in 2014, alleged that as a Centaurus Financial representative, he failed to disclose the risks of real estate investments purchased in 2014. The complaint reached a settlement of $9,318.40.

According to the Financial Industry Regulatory Authority, Marcel Pahmer holds 21 years of securities industry experience. Based in Newport Beach, California, he has been registered as a broker with Centaurus Financial since 2007 and an investment advisor with Newport Wealth Advisors since 2022. He was previously registered with AXA Advisors in Irvine, California from 2002 until 2007. 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 and Oregon. (Information current as of March 30, 2024.)

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