FINRA barred former Centaurus Financial Inc. (Fullerton, CA) and Independent Financial Group (Brea, CA) broker Calvin Edward Moores after he failed to cooperate with an investigation into allegations of improper conduct.
Three settled customer disputes in Moores' BrokerCheck report, with a total combined settlement of $212,500, alleged unauthorized trading, unsuitable recommendations and over concentration in high risk speculative stocks for a retired individual resulting in "substantial losses," and common law fraud.
The complaints all concerned over-the-counter (OTC) equity products, including stocks and mutual funds, while an additional pending complaint alleged misconduct in OTC penny stocks.
The pending dispute's claimant alleges unsuitable recommendations in overly risky and speculative investments, omission of facts, breach of fiduciary duty, negligent supervision, and elder abuse.
Moores was formerly associated with Crowell, Weedon & Co. of West Covina, California. In 2013, firm D.A. Davison acquired Crowell Weedon.
If you have invested with former IFG and Centaurus representative Calvin Edward Moores of Southern California or with any broker or financial adviser whose unsuitable recommendations or unauthorized trading and over concentration activity in OTC products or penny stocks have similarly resulted in substantial losses or otherwise proven harmful to your investments or interests, please call The Law Offices of Jonathan W. Evans & Associates at (800) 699-1881 for an investigation and consultation.