FINRA

Without admitting or denying the findings, Magladry consented to the sanctions and to the entry of findings that he willfully failed to amend his Form U4 to disclose that he had been charged with two felonies. The findings stated that a criminal complaint was filed charging Magladry with two felony counts of making criminal threats. The findings also stated that Magladry entered a no contest plea to one of the felony charges, but willfully failed to disclose the felony plea on his Form U4 until approximately seven months after he was required to make the disclosure.

Acceptance, Waiver & Consent(AWC)

Civil and Administrative Penalty(ies)/Fine(s)

$5,000.00

Suspension

All capacities

six months

2/1/2021

7/31/2021

The settlement includes a finding that Magladry willfully failed to disclose a material fact on a Form U4, and that under section 3(a)(39)(f) of the Securities Exchange Act of 1934 and Article III, Section 4 of the FINRA By-Laws, this omission make him subject to a statutory disqualification with respect to association with a member.

Centaurus Financial, Inc.

Discharged

The individual became subject to a FINRA Statutory Disqualification. The disqualification arose as a result of Mr. Magladry's February 7, 2019 No Contest Plea to Criminal Threats, a felony in the Superior Court of California, County of San Joaquin.

FINRA

The individual became subject to a FINRA Statutory Disqualification. The disqualification arose as a result of Mr. Magladry's, February 7, 2019 No Contest Plea to Criminal Threats, a felony in the Superior Court of California, County of San Joaquin.

Statutory Disqualification

Statutory Disqualification

State of California Department of Insurance

Mr. Magladry was sentenced to three years' probation, 16 weeks of anger management classes and a restraining order was also issued. If Mr. Magladry successfully completes/abides by the courts orders, his case will be dismissed. Notwithstanding, the CA Department of Insurance took exception to Mr. Magladry's lack of notification. An administrative hearing will take place with the CA Department of Insurance to determine what, if any, disciplinary action is necessary.

Criminal Threats

Please see the comment section. If Mr. Magladry successfully completes/abides by the courts orders, his case will be dismissed.