Centaurus hit with $1.1 million penalty over structured product sales
The SEC said brokers in the firm's Lexington, South Carolina, branch office recommended variable interest rate structured products to dozens of retail customers for whom they weren't suitable.
The Securities and Exchange Commission said Monday that Centaurus Financial Inc., one of its branch managers and a registered rep had reached a $1 million settlement in connection with unsuitable sales of complex structured products to dozens of clients.
Centaurus Financial is a large independe
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