ROBERT IAN KASSEL

ROBERT IAN KASSEL is currently employed as a Broker and/or Investment Adviser at CENTAURUS FINANCIAL, INC. located at 32244 PASEO ADELANTO, SUITE #A, SAN JUAN CAPISTRANO, CA, 92675.

ROBERT IAN KASSEL has worked at CENTAURUS FINANCIAL, INC. since June 27, 2007

Disclosure History

ROBERT IAN KASSEL has 5 Disclosure Event(s).

Date: February 06, 2004
Category: Customer Dispute
Allegations: ALLEGED UNSUITABILITY. DAMAGES UNSPECIFIED BUT ASSUME AT LEAST $5000.00.
Damage Amount Requested: $5,000.00
Settlement Amount: $23,000.00

Date: March 21, 2000
Category: Customer Dispute
Allegations: ALLEGED UNSUITABILITY, ALLEGED MUTUAL FUND SWITCHING, ALLEGEDLY DURING 1996 THROUGH 1998.
Damage Amount Requested: $20,000.00
Settlement Amount: $5,000.00
Broker Comment: THE MATTER WAS SETTLED WITHOUT ADMITTING LIABILITY WHATSOEVER AND I SPECIFICALLY DENY ALL ALLEGATIONS IN THE CLAIM.

Date: October 26, 1999
Category: Customer Dispute
Allegations: ALLEGED BREACH OF FIDUCIARY DUTY, ALLEGED CHURNING AND ALLEGED VIOLATION OF CA WELFARE AND INST. CODE SECTION 15600, IN CONNECTION WITH THE OFFER AND SALE OF MUTUAL FUNDS AND ANNUITY CONTRACTS. CLAIMANT IS SEEKING ACTUAL DAMAGES OF $30,000 PLUS INTEREST, LEGAL FEES, COSTS AND EXEMLARY DAMAGES.
Damage Amount Requested: $13,165.00
Settlement Amount: $10,000.00
Broker Comment: I DENY ALL LIABILITY AND WRONGDOING AND VIGOROUSLY DEFENDED THIS MATTER. I AM ADVISED THAT BROOKSTREET SECURITIES, INC., MY EMPLOYER, WHO WAS ALSO NAMED IN THE ARBITRATION, ALSO DENIES ALL LIABILITY. THE ESTATE OF THE CLIENT USED THE LOW FILING FEE FOR ARBITRATION TO LEVERAGE MY FIRM INTO A SETTLEMENT BASED SOLEY ON THE FORWARD COSTS OF LITIGATION. ESTIMATED TO IN EXCESS OF $15000., WE MADE A BUSINESS DECISION TO OFFER $10000. SPLITTING SETTLEMENT TO $5000.00 EACH. THIS IS AN EXAMPLE OF THE DISPUTE RESOLUTION BYSTEM BEING USED TO THE DISADVANTAGE OF THE MEMBERSHIP.

Date: March 12, 1997
Category: Customer Dispute
Allegations: ALLEGED BREACH OF CONTRACT,ALLEGED FRAUD, ALLEGED BREACH OFFIDUCIARY DUTY, ALLEGED NEGLIGENCE, ALLEGED VIOLATIONS IN CONNECTION WITH THE OFFER AND SALE OF LIMITED PARTNERSHIPINTERESTS IN PRODUCTING OIL AND GAS PROPERTIES.
Damage Amount Requested: $110,000.00
Settlement Amount: $22,000.00
Broker Comment: WITHOUT ANY ADMISSION OF LIABILITY WHATSOEVERAND IN ORDER TO AVOID THE COSTS AND INCONVENIENCE OFLITIGATION, I AGREED TO PAY THE SUM OF $22,000 IN FULL ANDFINAL SETTLEMENT OF ALL OF THE RECEIVER'S CLAIMS. I WAS ONE OF 219 DEFENDANTS NAMED IN THIS ACTION.DURING THE TIME ALLEGED IN THE COMPLAINT IN 1992,I WAS EMPLOYED AS A SALESMAN FOR FORTRESS SECURITIES. I OFFEREDAND SOLD SECURITIES ON BEHALF OF MY THEN EMPLOYER IN GOODFAITH. MY THEN EMPLOYER APPROVED THE SUBJECT SECURITIES ANDENCOURAGED ME TO SELL THEM. MY THEN EMPLOYER REPRESENTED TO METHAT THE PRODUCTS WERE FINANCIALLY SOUND INVESTMENTS ANDSUITABLE FOR THE CLIENTS WHO PURCHASED THEM. I HAD NO KNOWLEGEOF ANY WRONGDOING OR UNLAWFUL CONDUCT BY MY THEN EMPLOYER OR BYTHE ISSUERS OF THE SUBJECT SECURITIES. I PERFORMED MY JOBCONSISTENT WITH MY DUTIES AND RESPONSIBILITIES TO MY CLIENTS. IENGAGED IN NO WRONGDOING OR UNLAWFUL CONDUCT. INDEED, I SETTLEDTHIS MATTER WITHOUT ANY ADMISSION OF WRONGDOING.

Date: June 03, 1996
Category: Customer Dispute
Allegations: THE STATEMENT OF CLAIM IN THE ARBITRATIONALLEGES, AMONG OTHER THINGS, ALLEGED FRAUD, ALLEGED BREACH OF FIDUCIARY DUTY, ALLEGED NEGLIGENCE, ALLEGED UNSUITABILITY, ALLEGED VIOLATION OF THE NASD RULES FO FAIRPRACTICE AND FEDERAL AND STATE SECURITIES LAWS IN CONNECTIONWITH THE OFFER AND SALE OF OIL AND GAS LIMITED PARTNERSHIPS ANDSEEKS ACTUAL DAMAGES OF $60,000, RETURN OF COMMISSIONS,INTEREST, RESCISSION AND PUNITIVE DAMAGES.
Damage Amount Requested: $60,000.00
Settlement Amount: $12,500.00
Broker Comment: I SETTLED THIS MATTER FOR SUBSTANTIALLY LESS THAN THE AMOUNT SOUGHT BY CLAIMANTS IN ORDER TO AVOID THE CONTINUED INCONVENIENCE AND EXPENSE OF ARBITRATION. I SETTLED WITHOUT ANY ADMISSION OF LIABILITY. I DENY ALL LIABILITY ANDWRONGDOING IN THIS MATTER. I WAS NOT A PRINCIPAL, CONTROL PERSON OR EMPLOYER OF THE SUBJECT ISSUERS OR BROKER DEALERS. IN SUM, THE SUBJECT PARTNERSHIP UNITS WERE APPROVED PRODUCTS OF MY EMPLOYER, AND I OFFERED THEM IN GOOD FAITH IN FURTHERANCE OF MY JOB. THE SUBJECT BROKER-DEALER FIRMS AND ISSUERS ARE OUT OF BUSINESS, SOME SUBJECTED TO REGULATORY AND GOVERNMENT ACTION. I WAS NOT. MOREOVER, THE CLAIMANTS WERE SUITABLE FOR THE SUBJECT TRANSACTIONS.

More Information

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BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.

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