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John Starke Allegedly Recommended Unsuitable, High-Risk Investments

John Starke (CRD #: 3154774), a broker registered with Centaurus Financial, allegedly gave unsuitable investment recommendations, according to his BrokerCheck record, accessed on October 9, 2022. Keep reading if you have questions about his conduct as a broker.

Investor Dispute

On September 26, 2022, an investor alleged that John Starke allegedly surrendered a life insurance policy triggering a tax liability. The investor is seeking $144,283 in this pending dispute. 

On July 20, 2022, multiple investors filed a dispute alleging that John Starke recommended unsuitable, high-risk, high-commission, and illiquid investments. The clients seek $320,000 in this pending dispute.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to tailor their investment recommendations to suit investors’ profiles. These profiles contain information about investors’ risk tolerance, financial goals, and overall financial situation.

Investors who rely on brokers for investment recommendations can potentially recover their losses by pursuing FINRA arbitration.

Background Information

John Starke has passed the following exams:

  • Series 63 – Uniform Securities Agent State Law Examination
  • Series 65 – Uniform Investment Adviser Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination
  • Series 24 – General Securities Principal Examination

John Starke is a registered broker in 10 states.

He has also worked for the following firms:

  • Financial West Group (CRD#:16668)
  • Cabot Lodge Securities (CRD#:159712)
  • Allied Beacon Partners (CRD#:46227)
  • American Beacon Partners (CRD#:15791)
  • Newbridge Securities (CRD#:104065)
  • First Montauk Securities Corporation (CRD#:13755)
  • Intersecurities (CRD#:16164)
  • NYLIFE Securities (CRD#:5167)

Kurta Law Can Help

If you worked with John Starke and you have concerns about your investments, please contact us today at 877-600-0098 or 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.