Last Updated: March 2025 – Frisco, TX
Michael Chauvenet Investigation Summary
Here’s what you need to know about Frisco, TX, stockbroker Michael Chauvenet:
- Name: Mr. Michael Lee Chauvenet
- Current Employer: Centaurus Financial, Inc.
- Prior Employers: Securities America, Inc.; Titan/Value Equities Group, Inc.; Royal Alliance Associates, Inc.; MetLife Securities Inc.; UR Financial, Inc.; First Investors Corporation
- Function: Stock Broker / Financial Advisor
- DBA: Mortgage Resources, Annuity Resources, Capital and Insurance Resources
- Primary Location: Frisco, TX
- CRD#: 1229930
- Can Michael Chauvenet be sued in FINRA arbitration? Yes
- Sanctioned by FINRA? No
- Pending Customer Dispute Seeks Damages of: $292,800
If you’ve sustained damages from Mr. Chauvenet, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Michael Chauvenet As Your Stockbroker?
A customer of Centaurus Financial, Inc. has filed a FINRA arbitration alleging that Michael Chauvenet provided poor investment recommendations with a lack of return. The complaint, which does not specify exact dates of the alleged misconduct, is seeking $292,800 in damages. The disputed investment involves a Real Estate Security. The case was filed on January 15, 2025, and is currently pending.
Firms Have a Duty to Supervise their Financial Advisors (FINRA Rules 3110 & 2090)
Brokers and their firms have a duty to comply with the FINRA suitability rule which requires that they have a reasonable basis to believe that a recommendation is suitable for the customer.
FINRA Rule 2111- suitability -Regulation Best Interest
Allegations of Broker Misconduct Against Michael Chauvenet
A customer of Michael Chauvenet has alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendations:
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition, brokers are required to disclose certain financial matters such as personal bankruptcies, judgments, and liens.
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 Michael Chauvenet, 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.