Siamak Eghlidi: Calton Advisor Received $841K Complaint

A recent, denied investor complaint against Newburg, Oregon financial advisor Siamak Eghlidi (CRD# 1596968) alleged that he recommended an unsuitable investment. Financial Industry Regulatory Authority records show that he is registered as a broker with Calton & Associates, having previously been registered with Capital Financial Services.

Mr. Eghlidi’s BrokerCheck report discloses one investor complaint. Filed in January 2025, it alleged that as a representative of Calton & Associates, he did not conduct due adequate due diligence, recommended an unsuitable and high-risk investment, did not discuss the investment’s benefits and risks, and failed to disclose the commission he received in connection with an annuity purchase. The complaint alleged damages of $841,053.08 and was denied by the firm.

In a comment included with the complaint’s disclosure, Mr. Eghlidi defended himself against the allegations, which involved a CB Life Fixed Annuity. “This product was suitable for the client based on her stated objectives and risk profile,” he wrote. “At the time of purchase, I had no way of knowing fraud was occurring at CB Life and that as a result this product would go into rehabilitation.”

A second disclosure on his BrokerCheck report concerns his termination from Mutual of Omaha Investment Services. Filed in 2000, it states that the firm fired him in connection with allegations that he violated firm rules by signing customer signatures or notating customer initials on insurance and securities forms.

According to the Financial Industry Regulatory Authority, Siamak Eghlidi holds 38 years of securities industry experience. Based in Newburg, Oregon, he has been registered as a broker with Calton & Associates since 2019. His past registrations include Capital Financial Services (2007-2019), United Heritage Financial Services (2000-2007), and Mutual of Omaha Investor Services (1987-2000). His credentials include the passage of three securities industry qualifying exams: the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the Securities Industry Essentials Examination, or SIE; and the Uniform Securities Agent State Law Examination, or Series 63. He is licensed in Arizona, Arkansas, California, Idaho, Iowa, Kentucky, Mississippi, Montana, Nevada, New Jersey, North Carolina, Oregon, Pennsylvania, South Dakota, Texas, and Washington. (Information current as of March 5, 2025.)

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