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Carlson Law, P.A. Motto
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Philip Board: $60K Complaint Against Centaurus Advisor

A recent investor complaint against Upland, California financial advisor Philip Board (CRD# 2290520) alleges that his investment advice resulted in losses. Financial Industry Regulatory Authority records show that he is a broker and investment advisor with Centaurus Financial.

Mr. Board’s BrokerCheck report discloses one investor complaint. Filed in July 2022, it alleges that as a representative of Centaurus Financial, he breached his fiduciary duty, misrepresented material information, and recommended “an unsuitable high-risk, illiquid investment” in a corporate bond product. The pending complaint alleges damages of $60,000.

In a comment on the July 2022 pending complaint’s disclosure, Mr. Board denied the allegations against him, which he described as meritless. “The investments about which the customers complained were suitable and were recommended based on the customer’s objectives, goals and financial circumstances and were offered only after their review of all material documentation related to the investment,” he wrote, continuing: “The customers confirmed in writing that they not only received the requisite investment documentation/disclosures, but that they fully understood the characteristics and risks of the investments. 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, Philip Board holds 28 years of securities industry qualifying exams. Based in Upland, California, he has been a broker and an investment advisor with Centaurus Financial since 2014. His past registrations include FSC Securities Corporation, LPL Financial, ING Financial Partners, Diversified Securities, and Advantage Capital Corporation. His credentials include the passage of five securities industry qualifying exams: the General Securities Principal Examination, or Series 24; 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; and the Uniform Combined State Law Examination, or Series 66. He holds 32 state licenses. (Information current as of August 24, 2022.)

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.

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By submitting this form I acknowledge that form submissions via this website do not create an attorney-client relationship, and any information I send is not protected by attorney-client privilege.

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