Close Menu
Free Consultation: 888-976-6111

Neilsen Wealth’s Steven Nielsen Lands Multiple Investor Complaints

Gilbert, Arizona financial advisor Steven Nielsen (CRD# 4184826) is involved in multiple investor complaints alleging he made unsuitable investment recommendations. 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 five investor complaints. The two most recent, both filed in October 2022, allege that as a representative of Centaurus Financial, he “recommended a speculative, high risk and unsuitable investment.” The pending complaints allege a total of $169,000 in damages.

In statements included with the two pending complaints’ disclosures, Mr. Nielsen pushed back against the allegations. “I vehemently deny any wrongdoing and assert that the allegations are completely without merit,” he wrote, continuing: “The investment about which the customer complained was suitable and was recommended based on the customer’s objectives, goals and financial circumstances and was offered only after his review of all material documentation related to the investment.”

A third investor complaint, filed in 2018, alleged that as a representative of SII Investments, Mr. Nielsen improperly explained and recommended an unsuitable investment. In 2018 the complaint reached a settlement of $15,000.

A fourth investor complaint, filed in 2017, alleged that he churned the customer’s account and recommended inappropriate investments. The complaint reached a settlement of $4,500.

A fifth investor complaint, filed in 2014, alleged that he recommended unsuitable investments in variable annuity and real estate products. In 2016 the complaint reached a settlement of $30,000.

According to the Financial Industry Regulatory Authority, Steven Nielsen holds 22 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 registration history includes DFPG Investments, Madison Avenue Securities, and SII Investments. Having passed three securities industry qualifying exams, he holds 26 state licenses. (Information current as of December 8, 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.

Facebook Twitter LinkedIn
Contact Us For A Free Case Evaluation
Latest Blog Posts
  • Blake Rose: $25K Complaint Against Pinnacle Strategies Advisor

    Santa Ana, California financial advisor Blake Rose (CRD# 1836176) is involved in an investor complaint alleging his advice resulted in...

    Read More
  • Lawrence Barrett: Oil & Gas Complaint Against Barrett Wealth Advisor

    A new investor complaint against Orange Village, Ohio financial advisor Lawrence Barrett (CRD# 13429) concerns an oil and gas investment....

    Read More
  • Arete Advisor Dennis Thurman: $100K-$500K GWG L Bond Complaint

    Chicago financial advisor Dennis Thurman (CRD# 2342398) allegedly recommended unsuitable GWG L bonds, according to a recent investor complaint. Financial...

    Read More
  • Did B. Riley’s Darren Daye Sell Unsuitable GWG, GPB Investments?

    Las Vegas financial advisor Darren Daye (CRD# 3032746) allegedly recommended unsuitable investments in GWG Holdings and GPB Waste Management, according...

    Read More
  • Previous
  • Next