Former Peoria, Arizona financial advisor Scott Taubman (CRD# 4809824) was recently sanctioned and suspended in connection with alleged rule violations....
Read MoreSteve Nielsen: Bond Complaints Against Centaurus Advisor
Recent investor complaints against Gilbert, Arizona financial advisor Steve Nielsen (CRD# 4184826) allege that he recommended unsuitable, high-risk investments. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor with Centaurus Financial, doing business as Nielsen Wealth Management.
Mr. Nielsen’s BrokerCheck report discloses nine investor complaints.The most recent, filed in March 2024, alleges that as a Centaurus Financial representative, he “recommended an unsuitable, high-risk” corporate bond investment and breached his fiduciary duty. The pending complaint alleges damages of $46,000.
An earlier investor complaint, filed in 2023, alleges that as a representative of Centaurus Financial, he breached his fiduciary duty and recommended an unsuitable real estate investment. The pending complaint alleges damages of $36,000.
A third investor complaint, filed in 2023, similarly alleged that he recommended an unsuitably risky bond investment while registered with Centaurus Financial. In February 2024 the complaint reached a settlement of $34,111.33.
A fourth investor complaint, filed in 2022, alleged that he misrepresented material facts, breached his fiduciary duty, and recommended unsuitable investments in corporate bond and real estate products. In February 2024 the complaint reached a settlement of $60,000.
According to the Financial Industry Regulatory Authority, Steven Nielsen holds 23 years of securities industry experience. Based in Gilbert, Arizona, he has been a broker and an investment advisor with Centaurus Financial since 2017, doing business as Nielsen Wealth Management. 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 Arizona, California, Colorado, Florida, Idaho, Indiana, Iowa, Michigan, New Mexico, North Carolina, Oklahoma, Texas, Washington, and Wisconsin. (Information current as of June 8, 2024.)
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.
