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Bryon Martinsen: Investor Seeks More Than $231,000 in Suitability Complaint

Bryon MartinsenPublic records published by the Financial Industry Regulatory Authority (FINRA) and accessed on August 23, 2018 indicate that New York-based Centaurus Financial broker/adviser Bryon Martinsen has received resolved or pending customer disputes. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Martinsen (CRD# 1621649).

Bryon Martinsen has spent 31 years in the securities industry and has been registered with Centaurus Financial in Northport, New York since 1999. Previous registrations include AXA Advisors in New York, New York (1987-1999) and the Equitable Life Assurance Society of the United States in New York, New York (1987-1999). He has passed six securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on October 26, 1999; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on March 11, 1987; Series 62 (Corporate Securities Limited Representative Examination), which he obtained on January 27, 2005; Series 22 (Direct Participation Programs Representative Examination), which he obtained on November 30, 2004; Series 6 (Investment Company Products/Variable Contracts Representative Examination), which he obtained on February 4, 1987; and Series 26 (Investment Company Products/Variable Contracts Principal Examination), which he obtained on December 22, 1999. He is a registered broker and investment adviser with 16 US states and territories: California, Colorado, Connecticut, Florida, Iowa, Minnesota, New Jersey, New York, North Carolina, Pennsylvania, Rhode Island, South Carolina, South Dakota, Virginia, Washington, and West Virginia.

According to his BrokerCheck report, he has received three customer complaints and one pending customer complaint.

In June 2018 a customer alleged Bryon Martinsen, while employed at Centaurus Financial, recommended unsuitable products and misrepresented and omitted material facts regarding investments in real estate securities. The customer is seeking more than $231,200 in damages in the pending complaint.

In 2014 a claimant alleged Bryon Martinsen, while employed at Centaurus Financial, made misrepresentations and omissions of material facts, committed fraud, acted negligently, and breached his fiduciary duty. The complaint settled for $87,500.

In 2007 a customer alleged Bryon Martinsen, while employed at Centaurus Financial, made unsuitable sales of variable annuity products and mutual funds. The complaint settled for $7,227.

In 2005 a customer alleged he, while employed at AXA Advisors, acted negligently, participated in fraud, recommended unsuitable securities, breached his fiduciary duty, and breached contract. The complaint settled for $50,000.

If you have lost money investing with Bryon Martinsen, call Fitapelli Kurta at 877-238-4175 without delay. You may be entitled to recoup your losses. We accept all cases on contingency: Fitapelli Kurta only gets paid if and when you collect money. Time to file your claim may be limited by law, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.