Randall Mason: $99K Complaint Against Cirrus Financial Group Advisor

A recent investor complaint against Centennial, Illinois financial advisor Randall Mason (CRD# 1758777) alleges that he recommended unsuitable investments. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor with Cetera Advisors, doing business as Cirrus Financial Group.

Mr. Mason’s BrokerCheck report discloses two investor complaints. The most recent, filed in July 2023, alleges that as a representative of Parkland Securities, he recommended unsuitable real estate investments. The pending complaint alleges damages of $99,000.

In a statement included with the pending complaint’s disclosure, Mr. Mason denied that the investments in question were unsuitable. “The client was fully informed of all the aspects of the investment, signed all disclosure documentation, and agreed that the investment was suitable at the time of the sale,” he wrote, adding: “The allegations are false, and I will defend my reputation in this matter to the best of my ability.”

An earlier investor complaint, filed in 2021, similarly alleged that as a Parkland Securities representative, he recommended unsuitable real estate products. In 2022 the complaint reached a settlement of $57,500.

According to the Financial Industry Regulatory Authority, Randall Mason holds 34 years of securities industry experience. Based in Centennial, Colorado, he has been a broker and an investment advisor with Cetera Advisors since 2015, doing business as Cirrus Financial Group. His past registrations include Parkland Securities (Centennial, Colorado; 2002-2015), Walnut Street Securities (El Segundo, California; 1998-2002), Workman Securities Corporation (Eden Prairie, Minnesota; 1993-1998), GDN Securities (Minneapolis, Minnesota; 1992-1993), and Amev Investors (Oakdale, Minnesota; 1989-1992). His credentials include the passage of five securities industry qualifying exams: the Investment Company Products/Variable Contracts Principal Examination, or Series 26; 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 Arizona, California, Colorado, Florida, Illinois, Nebraska, Ohio, Oklahoma, and South Carolina. (Information current as of August 20, 2023.)

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