Centaurus Broker Subject of Customer Dispute Involving Unsuitable Recommendations
Centaurus Financial representative Michelle Elise Anthony (CRD#: 4512228) is the subject of a pending customer dispute. Previously, allegations of wrongdoing against her were settled in the amount of $132,500. Individuals who invested with Michelle Anthony and sustained losses are strongly encouraged to consult with legal counsel.
At Meyer Wilson, we help investors recover losses resulting from fraud or misconduct. Our experienced legal team has secured millions of dollars on behalf of clients nationwide. If you or a loved one have suffered losses after investing with Michelle Anthony or another broker accused of misconduct, contact our office at (614) 532-4576 to schedule a free consultation.
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Pending Allegations of Wrongdoing Against Michelle Anthony
According to Michelle Elise Anthony’s BrokerCheck report, she is the subject of a pending customer dispute. The dispute filed in May 2022 accuses the broker of recommending illiquid investments in Debt-Corporate and Real Estate Securities. The customers are requesting damages in the amount of at least $100,000 to recover their losses.
Settled Allegations of Misconduct
Prior to her employment with Centaurus Financial, Anthony was employed as a broker for Wells Fargo Advisors, LLC. During her tenure with the company, she received multiple customer disputes, including one that was settled for over $100,000.
As reported by the Financial Industry Regulatory Authority (FINRA), one dispute arose after a son claimed that his mother was directed by her financial advisor to “surrender her annuity contract without fully understanding the tax ramifications.” The matter was settled for $132,500.
Other clients also accused the broker of making unsuitable recommendations or those that were not in their best interest based on factors like their age, risk tolerance, and investment experience.
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Employment Separation After Allegations
In addition to multiple customer disputes, Anthony was permitted to resign from her position with Wells Fargo Advisors, LLC over concerns related to an “inaccurate document” provided to a third party. Over her 18-year career, Anthony has worked for several firms. She is currently registered as a broker and an investment adviser with Centaurus Financial.
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If you have suffered losses after investing with Michelle Elise Anthony or another broker accused of wrongdoing, contact our office at (614) 532-4576 to schedule a free consultation. All case evaluations are free and without obligation to retain our services.
At Meyer Wilson, we have recovered in excess of $350,000,000 on behalf of harmed investors. Our award-winning legal team has represented over 1,000 clients since 1999 and continues to fight for clients across the country. Investors who have sustained losses might be entitled to recovery through FINRA arbitration or by filing a lawsuit against a liable party. Call now to determine your legal options.
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