I’m Emily Carter, a financial analyst and writer, and I want to talk about something that’s making waves in the investment community. Gary Sauve, a representative of Centaurus Financial, Inc., is in a tough spot right now. On September 19, 2023, a customer brought forward a significant allegation. The heart of the complaint is that Gary Sauve didn’t stick to his duty to act in the client’s best interest and pushed investments that were a poor fit—high risk and hard to sell when you need the cash. The investor suffered losses and is asking for compensation to the tune of $50,000.
Breaking Down the Allegation
Let’s get right to the point: this is a big deal. We’re talking about a breach of fiduciary duty, meaning Sauve might have put his own interests over the client’s financial wellbeing. The Financial Industry Regulatory Authority (FINRA), the guardian of market integrity, takes this kind of thing very seriously.
The case, numbered 23-02466N, is causing quite a stir. Sauve tied his boat to Centaurus Financial, Inc. back on June 4, 2015, and was on their team until March 9, 2021. The controversial investment at the core of this case seems to be tied to corporate debt.
Fiduciary Duty and FINRA’s Suitability Rule
Basically, the breach of fiduciary duty claim means Sauve might have recommended investment moves that didn’t match the client’s risk comfort or financial needs. And these were not just any investments—they were complex, high-stakes, and not easy to convert back to cash at fair value.
 (AD) Lost money because of bad financial advice or outright fraud? You may get it back by filing a complaint. Haselkorn & Thibaut has 50+ years of experience and a 98% success rate. Don’t delay if you’ve suffered losses. Call Haselkorn & Thibaut at 1-888-784-3315 for a free consultation, or visit InvestmentFraudLawyers.com to schedule. No Recovery, No Fee. |
This goes against FINRA Rule 2111, or the Suitability Rule, which requires advisors to make sure their advice fits the customer’s unique financial situation like a glove, based on a thorough get-to-know-you process.
Why This Matters
For investors everywhere, this highlights a truth that can’t be ignored: sometimes, the advice you get from financial advisors isn’t what’s best for you. If the claims against Sauve and Centaurus pan out, it’s a stark reminder that advisors might not always be batting on your team.
Investors lean heavily on advisors to steer their portfolios in the right direction, but it can backfire big time. Just look at the $50,000 being sought after in this case.
Spotting Trouble and Getting Your Money Back
Watch for red flags like advice that doesn’t fit your needs, missing information, and a lack of commitment to your best interests. And when these warnings appear, it’s time to act promptly.
In light of what’s happened, Haselkorn & Thibaut, an investment fraud law firm, is digging into the claims against Sauve and Centaurus Financial, Inc. With a history spanning half a century and a success rate standing at 98%, this firm knows how to help investors through the faster, simpler route of FINRA Arbitration to reclaim lost funds.
Offering a no-charge chat and working on a “No Recovery, No Fee” basis, Haselkorn & Thibaut invite investors to get in touch via their free consultation line, 1-800-856-3352, to talk over their options and take steps toward getting their money back.
In wrapping up, let me remind all investors out there that it’s essential to do your homework on any advisor you trust with your money. Financial choices shape our future, and as Warren Buffett says, “Risk comes from not knowing what you’re doing.” So stay vigilant and informed.
Make sure to check an advisor’s FINRA CRD number for peace of mind and added security in your investment decisions.
Gary Sauve of Centaurus Financial Faces Serious Investment Fraud Allegations
