JAMES ORTH DAVIS is currently employed as a Broker and/or Investment Adviser at CENTAURUS FINANCIAL, INC. located at 299 ARGUELLO BLVD., SUITE #306, SAN FRANCISCO, CA, 94118-1434.
JAMES ORTH DAVIS has worked at CENTAURUS FINANCIAL, INC. since June 01, 2006
Disclosure History
JAMES ORTH DAVIS has 3 Disclosure Event(s).
Date: November 28, 2017 Category: Customer Dispute Allegations: Violation of California Corporations; Breach of Fiduciary Duty; Unfair Business Practices; Rescission/Cancellation of Financial Planning Agreement; Fraud and Deceit by Omissions of Material Facts; and Negligent Misrepresentation Broker Comment: In response to a complaint asserting that a client did not pay certain fees that were owed pursuant to a written agreement, the client filed a cross-complaint asserting claims arising from investment services, including claims for breach of fiduciary duty and negligent misrepresentation. Mr. Davis vehemently denies any wrongdoing and intends to vigorously defend the matter to the fullest extent and continue to pursue his right to collect his unpaid fees.
Date: September 19, 2015 Category: Investigation Initiated By: Montana Commissioner of Securities & Insurance Description of Investigation: The regulator has expressed concerns with respect to licensing, double dipping and the amount of advisory fees charged in connection with a particular client.
Date: April 13, 1998 Category: Customer Dispute Allegations: UNSUITABILITY, BREACH OF FIDUCIARY DUTY, FRAUD, NEGLIGENCE, ABUSE OF ELDERLY OR DEPENDENT ADULT RELATED TO THE PURCHASE OF LIMITED PARTNERSHIP UNITS CLAIMANT PURCHASED BETWEEN 7/87 & 10/90, INCLUDING AN UNSOLICITED $40,000 INVESTMENT WHICH I: (1) RECOMMENDED AGAINST, (2) REFUSED TO ACCEPT FOR MONTHS, AND (3) CONVINCED HER TO REDUCE TO $40,000 INSTEAD OF $100,000 SHE ADAMANTLY WANTED TO INVEST. Damage Amount Requested: $121,500.00 Settlement Amount: $11,500.00 Broker Comment: THE CLAIMANT DISMISSED ALL CLAIMS AGAINST ME. I REFUSED TO SETTLE WITH THE CLAIMANT. I PAID NOTHING TO HER. CLAIMANT PURCHASED VARIOUS INVESTMENTS THROUGH ME BETWEEN 7/87 AND 10/90. MORE THAN 8 YEARS LATER, IN '98', SHE SUED 4 BROKERAGE FIRMS AND ME, ALLEGING THAT 2 PARTNERSHIP INVESTMENTS WERE NOT APPROPRIATE FOR HER. THE CLAIMS WERE YEARS BEYOND THE TIME ALLOWED BY THE NASD ARBITRATION CODE AND THE APPLICABLE STATUTES OF LIMITATION. THE NASD ARBITRATION PANEL DISMISSED THE CLAIM IN ITS ENTIRETY. THE CLAIMANT RE-FILED HER COMPLAINT. THE BROKERAGE FIRMS, RATHER THAN CONTINUE TO PAY ATTORNEYS' FEES, SETTLED FOR NUISANCE AMOUNTS. I REFUSED TO SETTLE BECAUSE EVERYTHING I DID WAS PROPER. SUBSEQUENTLY, CLAIMANT WITHDREW ALL CLAIMS AND, IN A LETTER TO THE NASD, ACKNOWLEDGED THAT I DID NOT MISPREPRESENT ANYTHING TO HER, NOR DID I DO ANYTHING IMPROPER.
More Information
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A disclosure includes information about customer disputes, disciplinary events and financial matters on the broker's record as reported by securities regulators, the individual broker, and any involved firms. Some of these items may involve pending actions or allegations that have not been resolved or proven. The presence of a disclosure does not automatically indicate any wrongdoing.
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