Nick Ellis: $70K Bond Complaint Against Ex-Centaurus Advisor

Tustin, California financial advisor Nick Ellis (CRD# 1082891) allegedly recommended unsuitable investments, according to a recent investor complaint. Financial Industry Regulatory Authority records show that he is registered as a broker with Kestra Investment Services and an investment advisor with Kestra Advisory Services. He is also the president of Ellis Advisory Group.

Mr. Ellis’ BrokerCheck report discloses two investor complaints. The most recent, filed in February 2025, alleges that as a representative of Centaurus Financial, he misrepresented and recommended unsuitable, illiquid investments in corporate bond products. The pending complaint alleges damages of $70,000.

An earlier investor complaint, filed in 1993, alleged that as a representative of Titan/Value Equities Group, he breached his fiduciary duty, acted negligently, misrepresented and omitted material facts, and recommended an unsuitable investment. In 1996 the complaint reached a settlement of $1.5 million.

An archived version of Ellis Advisory Group’s website includes a profile of Mr. Ellis that describes his background and experience. “For more than 35 years, Nick M. Ellis has advised and guided individuals, families, and businesses with the accumulation and preservation of wealth,” it explains. “He began his career in commercial banking, which served as the foundation for his financial services career. Nick contributes his strong work ethic, goal setting, and delivering a positive customer experience to his early experiences in banking.”

According to the Financial Industry Regulatory Authority, Nick Ellis holds 41 years of securities industry experience. Based in Tustin, California, he has been registered as a broker with Kestra Investment Services and an investment advisor with Kestra Advisory Services since 2025. His past registrations include Centaurus Financial (2000-2025), Standard Investment Chartered Incorporated (1995-2000), Robert Scott Securities (1993-1995), Corporate Benefit Securities (1992-1993), and Titan/Value Equities Group (1983-1992). His credentials include the passage of four securities industry qualifying exams: the General Securities Principal Examination, or Series 24; the Uniform Securities Agent State Law Examination, or Series 63; the General Securities Representative Examination, or Series 7; and the Securities Industry Essentials Examination, or SIE. He is licensed in Arizona, Arkansas, California, Colorado, Idaho, Kansas, Ohio, Pennsylvania, Utah, Virginia, and Washington. (Information current as of February 22, 2025.)

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