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Curtis Edmark (CRD #1596961) is a broker currently registered with Centaurus Financial, Inc. in Greenfield, Wisconsin. His FINRA BrokerCheck record includes customer complaints, a state regulatory action, and a pending investor dispute. If you invested through Curtis Edmark and suffered losses, here is what you need to know about his background, his disclosure history, and how to take action.
Curtis Richard Edmark has been in the financial services industry for approximately 19 years. He holds several FINRA-administered licenses, including:
He is currently registered as both a broker and investment adviser in Arizona, Florida, and Wisconsin, and as a broker in California. His employment history includes positions at the following firms:
According to publicly available FINRA BrokerCheck records, Curtis Edmark has two customer disputes on his record. These disclosures are reported directly by the broker-dealer firms where Edmark was registered.
On May 29, 2024, an investor filed a complaint alleging that Curtis Edmark recommended unsuitable investments that were high-risk, speculative, and illiquid. The complaint further alleges that Edmark breached his fiduciary duty. The investor is seeking $150,000 in damages. This complaint is currently pending.
These types of allegations are taken seriously by FINRA. Under FINRA Rule 2111, brokers are required to have a reasonable basis for believing that a recommended investment is suitable for a particular customer. This analysis must consider factors such as the investor’s age, risk tolerance, financial situation, investment objectives, and liquidity needs.
A previous customer complaint, filed in 2009, alleged that Edmark did not disclose all features of a fixed annuity contract. Specifically, the complaint concerned penalties for early withdrawal upon the contract holder’s death. This complaint was settled for $5,000.
Annuity products can be complex financial instruments with significant surrender charges, death benefit provisions, and other features that must be fully explained to investors. When brokers fail to make these disclosures, investors may find themselves locked into products that do not match their financial needs.
Beyond customer complaints, Curtis Edmark’s BrokerCheck record includes a regulatory action by the Wisconsin Department of Financial Institutions, Division of Securities. In 2005, the state issued a prohibition order against Edmark for:
Viatical settlements involve purchasing the life insurance policy of a terminally or chronically ill person at a discount. These products carry significant risk and regulatory complexity. Selling them without proper registration is a violation of state securities laws.
This type of regulatory action is a significant red flag. A prohibition order is among the more severe sanctions a state regulator can impose, and it indicates that the regulator found sufficient evidence of wrongdoing to restrict the broker’s activities.
Curtis Edmark has been registered with Centaurus Financial, Inc. (CRD #30833) since November 2017. Centaurus Financial is an independent broker-dealer that has faced its own regulatory scrutiny over the years. The firm has had multiple brokers with disclosure events on their records, which raises questions about the firm’s supervisory practices.
Under FINRA rules, brokerage firms have a duty to supervise the activities of their registered representatives. When a firm employs a broker with a history of customer complaints and regulatory actions, it bears additional responsibility to monitor that broker’s activities closely. If a firm fails to adequately supervise its brokers, it may share liability for the resulting investor losses.
If you invested with Curtis Edmark and experienced losses, you have legal options. Here are the steps you should consider:
Gather all account statements, trade confirmations, and correspondence from your broker. Look for unauthorized trades, excessive trading (churning), high-risk investments that did not match your stated risk tolerance, and any fees or charges you did not understand.
You can verify Curtis Edmark’s disclosure history yourself by searching his name or CRD number (1596961) on FINRA’s BrokerCheck website. This free tool provides detailed information about a broker’s registration, employment history, and any customer complaints, regulatory actions, or other disclosures.
An experienced securities fraud attorney can evaluate your situation and determine whether you have a viable claim. Many securities attorneys, including The Frankowski Firm, offer free initial consultations and work on a contingency fee basis, meaning you pay nothing unless they recover money for you.
FINRA arbitration is the primary forum for resolving disputes between investors and their brokers or brokerage firms. It is generally faster and less expensive than traditional litigation. An arbitration panel reviews the evidence and can award damages to investors who were harmed by broker misconduct.
Curtis Edmark’s CRD number is 1596961. You can use this number to look up his full disclosure history on FINRA’s BrokerCheck website at brokercheck.finra.org.
Curtis Edmark is currently registered with Centaurus Financial, Inc. (CRD #30833) in Greenfield, Wisconsin. He has been with the firm since November 2017.
The 2024 pending complaint alleges that Curtis Edmark recommended unsuitable, high-risk, speculative, and illiquid investments and breached his fiduciary duty. The investor is seeking $150,000 in damages.
In 2005, the Wisconsin Department of Financial Institutions issued a prohibition order against Curtis Edmark for acting as an unlicensed securities agent and for selling unregistered viatical settlement contracts.
If you lost money due to unsuitable recommendations, misrepresentation, or other forms of broker misconduct, you may be able to recover your losses through FINRA arbitration. Contact a securities fraud attorney for a free evaluation of your claim.
FINRA arbitration claims are filed through FINRA’s Dispute Resolution Services. The process involves filing a Statement of Claim, selecting arbitrators, and presenting evidence at a hearing. An experienced securities attorney can handle this process on your behalf.
If you invested with Curtis Edmark at Centaurus Financial, Inc. and suffered losses, The Frankowski Firm can help. Founding partner Richard Frankowski has over 25 years of experience representing investors in securities arbitration and broker fraud cases nationwide. Call 888-741-7503 or visit our contact page for a free case evaluation.