Stoltmann Law Offices is investigating Fera Shivaee, a registered representative with Centaurus Financial. Shivaee allegedly made unsuitable investments, misrepresentations and false statements in connection with recommendations to invest in private placements such as tenants-in-common (TICs). In the past nine years, TICs have been a major contributor to bankrupting brokerage firms. Almost half of the companies that sold TICs are no longer in business. TICs are private placements that have no secondary trading market and are therefore illiquid investments. Usually the TICs are sold by an investment advisor who charges an up-front fee. The investor runs the risk of holding the property for a significant amount of time and the subsequent sale of the property may occur at a discount to the value of the real property interest. The costs associated with TICs may also outweigh potential tax benefits to the investor.
Ms. Shivaee was registered with Marnier Financial Services in Largo, Florida from March 1993 until November 1993, Centaurus Financial in Anaheim, California from October 1993 until November 1996, Finance 500 in Irvine, California from November 1995 until December 1996 and SunAmerica Securities in Phoenix, Arizona from October 1996 until November 1997. She is currently registered with Centaurus Financial in Irvine, California and has been since November 1997. Ms. Shivaee has two customer disputes against her, one of which is currently pending.
If you lost money with Ms. Shivaee, please call our securities law firm based in Chicago, Illinois at 312-332-4200 to speak to an attorney. You may be able to sue Centaurus Financial for investment losses. They had a duty to reasonably supervise her while she was employed with them. The call is free with no obligation.
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