Last Updated: August 2025 – Highland Village, TX
Clovis M. Morrison Investigation Summary
Here’s what you need to know about Highland Village, TX stockbroker Clovis M. Morrison:
- Name: Clovis Mike Morrison
- Current Employer: Centaurus Financial, Inc. (CRD# 30833) – Registered since January 30, 2012
- Prior Firms: PFS Investments Inc. (1987–1996)
- Other Business Affiliations:
- EQIS Capital Management – Board of Advisors since 2016
- Foresight Education LLC – Consultant/Author since 2012
- Morrison Financial – Owner, fixed insurance sales since 2011
- Brookhaven College – Adjunct Professor teaching retirement classes since 2009
- CRD Number: 1730240
- Function: Stockbroker / Financial Advisor
- Can Clovis Morrison be sued in FINRA: Yes
- Sanctioned by Securities Regulators: Yes
- Discharged by a Prior Employer: No
- Highest Award of Settlement: $14,999
- Current Customer Dispute Seeks Total Damages of: $100,000
If you’ve sustained damages from Mr. Morrison, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Clovis Morrison As Your Stockbroker?
- Regulatory Action (Texas State Securities Board):
In September 1996 (Case No. CEN-1129), the Texas State Securities Board issued a Consent Order of Reprimand against Morrison for failing to timely disclose a bankruptcy filing on his Form U4. The bankruptcy was tied to a non-securities business venture. - Customer Dispute – Settled:
In March 2021, a customer alleged Morrison failed to properly tender a pension rollover check, resulting in significant tax liabilities. The case (Denton County District Court, Case No. 23-2529-431) was settled in August 2023 for $14,999. - Customer Dispute – Currently Pending:
In June 2025, a FINRA arbitration claim (Case No. 25-01343) was filed by a customer of Centaurus Financial alleging that Morrison recommended and misrepresented unsuitable, high-risk, illiquid real estate securities. The customers are seeking $100,000 in damages and this matter is currently pending.
Allegations of Broker Misconduct Against Clovis M. Morrison
- Unsuitable Investment Recommendations – Customers allege Morrison recommended high-risk, illiquid investments inconsistent with their financial objectives. This may violate FINRA Rule 2111 (Suitability Rule), which requires brokers to have a reasonable basis for believing recommendations are suitable for clients.
- Breach of Fiduciary Duty – Failure to properly handle a pension rollover check, exposing clients to avoidable tax penalties.
- Misrepresentation – Allegations of failing to accurately disclose the risks associated with illiquid real estate securities.
Recover Your Investment Losses Now With Rex Securities Law
Other investigations of Centaurus Financial brokers
If you have suffered investment losses in an account handled by Clovis Mike Morrison, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL, and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors, and broker-dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis, meaning that you do not pay legal fees unless we are successful.