Ex-Centaurus Advisor Robert Omohundro: Investor Complaints

Atlanta financial advisor Robert Omohundro (CRD# 2415942) recently received an investor complaint alleging he recommended unsuitable investments that suffered losses. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor with Alexander Capital, doing business as LCORE Wealth Management.

Mr. Omohundro’s BrokerCheck report discloses multiple investor complaints. The most recent, filed in April 2921, alleged that as a representative of Cetera Financial Group and Centaurus Financial, he recommended unsuitable real estate securities and over-concentrated their holdings. The pending complaint alleges unspecified damages.

An earlier complaint, filed in 2015, alleged that as a representative of JP Turner & Company and Centaurus Financial, he misrepresented material facts, engaged in negligence, recommended unsuitable real estate investments, breached contract, breached his fiduciary duty, and violated state and federal securities law. In 2016 the complaint reached a settlement of $6,516.

A third complaint, filed in 2004, alleged he engaged in unauthorized and unsuitable trading while at Wachovia Securities. In 2006 the complaint reached a settlement of $25,000.

According to the Financial Industry Regulatory Authority, Robert Omohundro holds 28 years of securities industry experience. Based in Atlanta, Georgia, he has been a broker and an investment advisor with Alexander Capital since 2020, doing business as LCORE Wealth Management. His past registrations include Centaurus Financial, JP Turner & Company, MML Investors Services, Wachovia Securities Financial Network, Raymond James Financial Services, Robert Thomas Securities, JC Bradford & Company, and Burnett Grey & Company. His credentials include the passage of four securities industry qualifying exams: the General Securities Principal Examination, or Series 24; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; and the Uniform Securities Agent State Law Examination, or Series 63. He holds 24 state licenses. (Information current as of September 3, 2022.)

Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.