Joel Harworth: Connect Tax & Wealth Advisor Lands $93K Complaint

Covina, California financial advisor Joel Harworth (CRD# 3131373) recently received an investor complaint alleging that his conduct resulted in more than $90,000 in damages. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with Centaurus Financial, doing business as Connect Tax and Wealth Management.

Mr. Harworth’s BrokerCheck report discloses one recent investor complaint. Filed in April 2024, it alleges that he breached his fiduciary duty and recommended corporate bonds that were an “unsuitable, high-risk, and illiquid” investment. The pending complaint alleges damages of $93,000.

In a statement included with the pending complaint’s disclosure, Mr. Harworth defended himself against the allegations, which he described as without merit. “The investments about which the customer complained were suitable and were recommended based on the customer’s objectives, goals and financial circumstances,” he wrote, “and were offered only after his review of all material documentation related to the investment.” In conclusion, he stated, he placed the customer’s interests first and would defend himself against the claim.

Connect Tax and Wealth Management’s website includes a profile of Mr. Harworth that describes his background and experience. “ He specializes in helping clients with their needs related to tax, investment management, insurance, retirement and estate planning, and wealth management,” it states. “Joel’s primary focus is helping clients achieve their financial goals. His dedication stems from his many years of experience in the financial industry. Plainly put, Joel cares about his clients.”

According to the Financial Industry Regulatory Authority, Joel Harworth holds 23 years of securities industry experience. Based in Covina, California, he has been registered as a broker and an investment advisor with Centaurus Financial since 2016, doing business as Connect Tax and Wealth Management. His past registrations include Wescom Financial Services (West Covina, California; 2004-2015), CUSO Financial Services (Pasadena and San Diego, California; 2000-2004), and Wescom Discount Brokerage (Pasadena, California; 1999-2000). His credentials include the passage of seven securities industry qualifying exams: the General Securities Principal Examination, or Series 24; the Municipal Securities Principal Examination, or Series 53; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Combined State Law Examination, or Series 66. He is licensed in Arizona, California, Colorado, Idaho, Illinois, Montana, Ohio, Texas, and Virginia. (Information current as of June 1, 2024.)

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.