Investor Alleges Debbie Cavanaugh Gave Unsuitable Investment Recommendation

Debbie Cavanaugh (CRD #: 1268420), a broker registered with Centaurus Financial, allegedly made an unsuitable investment recommendation, according to her BrokerCheck record, accessed on April 28, 2023. Keep reading if you have questions about her alleged conduct as a broker.

Investor Dispute

In a pending dispute filed on March 2, 2023, an investor alleged that Debbie Cavanaugh recommended an unsuitable investment. The client seeks $50,000 in damages.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to evaluate whether an investment fits their investor’s financial goals. Brokers must examine the information contained in an investor’s profile, such as their risk tolerance, age, and other investments.

Investors who rely on their broker for recommendations may be able to recoup their losses through FINRA arbitration.

Background Information

Debbie Cavanaugh has passed the following exams:

• Series 65 – Uniform Investment Adviser Law Examination
• Series 63 – Uniform Securities Agent State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 7 – General Securities Representative Examination
• Series 6 – Investment Company Products/Variable Contracts Representative Examination
• Series 24 – General Securities Principal Examination
• Series 27 – Financial and Operations Principal Examination
• Series 26 – Investment Company Products/Variable Contracts Principal Examination

Debbie Cavanaugh is a registered broker in ten states and a registered investment adviser in eight states.

She has also worked for the following firms:

• Independent Financial Group (CRD#:7717)
• Securities America (CRD#:10205)
• Mariner Financial Services (CRD#:8292)
• Apogee Financial Group (CRD#:30631)
• Main Street Management Company (CRD#:547)
• GAF Financial and Insurance Services (CRD#:14123)     
• PAMCO Securities and Insurance Services (CRD#:11028)
• INA Security Corporation (CRD#:422)
• American Express Financial Advisors (CRD#:6363)
• IDS Financial Services (CRD#:6320)

Kurta Law Can Help

If you worked with Debbie Cavanaugh and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.