Marcel Pahmer is the Subject of Six-Figure Disputes

Marcel Pahmer (CRD #: 4565391), a broker registered with Centaurus Financial, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on April 26, 2024. Keep reading if you have questions concerning his alleged conduct. 

Investor Allegations 

On February 27, 2024, an investor alleged that Marcel Pahmer recommended unsuitable, high-risk, illiquid investments, and breached his fiduciary duty. The investor is seeking $300,000. 

On December 13, 2019, an investor alleged that Marcel Pahmer misrepresented unsuitable investments and breached his fiduciary duty. This dispute was settled for $295,000. 

FINRA Rule 2111 – Unsuitable, Long-Term Investments

FINRA Rule 2111 defines suitable investments as securities that fit an investor’s profile. Investor profiles have information on the investor’s age, risk tolerance, tax status, investing experience, and financial goals. Brokers must also consider the investment time horizon and the investor’s liquidity needs – illiquid, long-term investments often do not suit a client’s best interests. 

Investors who rely on brokers for recommendations may be able to recover losses from unsuitable investment recommendations by pursuing FINRA arbitration.

Fiduciary Duties

Brokers are often dually registered as Registered Investment Advisers (RIAs) with the SEC. RIAs are fiduciaries, and fiduciaries are required to act in their clients’ best interests. Brokers are not fiduciaries but must abide by FINRA Rule 2111 and Regulation Best Interest. (To learn more about the differences between brokers and Registered Investment Advisers, click here.) 

Background Information 

Marcel Pahmer has passed the following exams: 

• Series 66 – Uniform Combined State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination

He is a registered broker and investment advisor in California and is a registered investment advisor in Oregon.

During his 21 years of experience, Marcel Pahmer has registered with three firms: 

• Centaurus Financial (CRD #: 30833) 
• Newport Wealth Advisors (CRD #: 137159) 
• AXA Advisors (CRD #: 6627) 

Kurta Law Can Help 

If you have worked with Marcel Pahmer and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that 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. Do not let securities fraud go unchecked. Start your recovery process today.