John Marcheso Embroiled in Oil & Gas Dispute

John Marcheso (CRD# 869337[1]), a broker registered with Centaurus Financial, is involved in investor disputes seeking more than $1 million in cumulative damages. MDF Law is investigating the Hayden, Idaho-based financial professional for activities similar to those alleged in the disputes. Investors with concerns should contact us immediately.

The following post details the allegations listed on Mr. Marcheso’s Financial Industry Regulatory Authority (FINRA) BrokerCheck record, accessed on November 6, 2023. As it reflects, he does business as Marcheso and Associates Wealth Management.

Pending Disputes Seek More than $1 Million

Between May 2022 and September 2023, two parties of investors filed disputes involving Mr. Marcheso. Both disputes alleged that he recommended unsuitable investments in products including oil and gas securities and real estate. The disputes, which remain pending, seek cumulative damages of $1,073,000.

John Marcheso “Vehemently” Denies Allegations

A “Broker Statement” appended to each pending dispute’s disclosure contains Mr. Marcheso’s response to the allegations. “I vehemently deny any wrongdoing and assert that the allegations are completely without merit,” he asserts in both. “The investments about which the customers complained were suitable and were recommended based on the customer’s objectives, goals and financial circumstances and were offered only after their review of all material documentation related to the investment.” The customers, he asserts further, confirmed in writing that they had received necessary information regarding the investments and “fully understood” their risks. 

Firm Settled Past Dispute

The above-described disputes are not the only ones in Mr. Marcheso’s past. On June 26, 2020, an investor filed a dispute alleging that he recommended an unsuitable real estate investment. In August of that year, his member firm settled the dispute for $14,750.

In a “Broker Statement” appended to the dispute, Mr. Marcheso again “vehemently” denied the allegations. “Notwithstanding, in an effort to avoid protracted proceedings, and the time and financial resources required, and in an effort to reach an expedited resolution with the customer, my broker/dealer unilaterally and without my agreement, settled with the customer,” he asserted. He added that he “made no monetary contribution” to the settlement.

FINRA: Marcheso Based in Hayden, Idaho

John Marcheso launched his career as a broker in 1983, when he registered with NYLife Securities. He remained at the firm until 2002, when he departed to join Centaurus Financial. He has remained at Centaurus since, working out of its office in Hayden, Idaho. According to his FINRA BrokerCheck record, he does business as Marcheso and Associates Wealth Management. With 40 years of experience as a broker, he has completed eight industry exams, including the Series 66, the SIE, the Series 22, and the Series 26.

Investment Losses? Call MDF Law

Do you have concerns regarding real estate, oil and gas, or other investments recommended by John Marcheso? If your accounts contained products whose risks weren’t fully explained, or which were otherwise unsuitable for your background, you may have recovery options. Call MDF Law for a free consultation about your case. Our team has proven experience advocating for the victims of broker fraud, collecting millions in recoveries. To speak with an attorney for free, call 800-767-8040 today.