Every dollar amount and date on this page is quoted from the official settlement document.
Centaurus Financial, Inc., Ricky A Mantei, and Atul Makharia
Court case: In the Matter of Centaurus Financial, Inc., Ricky A Mantei, and Atul Makharia
Centaurus Financial and two of its advisers settled SEC charges tied to risky structured products sold to retail investors. If you bought these products through Centaurus between mid-2016 and mid-2019 and lost money, there's a fund set up specifically to pay you back.
Official eligibility wordingPersons or entities who purchased or acquired Variable Interest Rate Structured Products (VRSPs) from Centaurus Financial between June 1, 2016 and July 31, 2019, with a Recognized Loss of at least $10.00. Checked against the official settlement source by SettleSignal on June 17, 2026.
Key facts
- Who may qualify You may qualify if you — or an entity you represent — bought Variable Interest Rate Structured Products (VRSPs) through Centaurus Financial any time from June 1, 2016 through July 31, 2019, and your calculated loss in those products is at least $10.
- Estimated payoutFair Fund approved for distribution to harmed investors.
- Claim deadlineJuly 7, 2025 (closed)
- Proof requiredYes
- What you needProof is required. You'll need documentation supporting your VRSP purchases and the loss you're claiming (brokerage statements, trade confirmations, or similar records).
How hard is this claim to file?
Watch out for
- The Certification Form Deadline was 11:59 p.m. Eastern Standard Time on July 7, 2025 — if you missed it, you are almost certainly barred from receiving a distribution.
- Only VRSPs purchased from Centaurus Financial between June 1, 2016 and July 31, 2019 count; other products or time periods outside the Relevant Period are excluded.
- Your calculated Recognized Loss must be at least $10.00 under the Plan to qualify for any payment — smaller losses are excluded.
- Use only the official site (www.centaurusfairfund.com) and contact information above — do not respond to unsolicited outreach claiming to assist with your claim.
We prepare — you file on the official site yourself. This is not legal advice and is not an eligibility decision; the administrator and court decide.
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How we verified this record
- Claim deadline
- Payout details
- Eligibility
- Proof requirement
- Administrator
- Court case
- Payment status
- 1 field queued for re-check
2 official sources linked to this record.
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Claim deadline
July 7, 2025
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Eligibility summary Quoted in the official eligibility wording above ↑
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Proof requirement
Yes
In order to be considered for eligibility for a distribution payment from the Centaurus Fair Fund, you must complete and submit a Certification Form by July 7, 2025.
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Payment status
Payment pending
On March 26, 2026, the Commission issued an order approving the disbursement of $72,268.46 from the Fair Fund for distribution to harmed investors in accordance with the Plan.
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Estimated payout
Fair Fund approved for distribution to harmed investors.
On March 26, 2026, the Commission issued an order approving the disbursement of $72,268.46 from the Fair Fund for distribution to harmed investors in accordance with the Plan.
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Administrator
Simpluris
On November 5, 2024, the Commission issued an order appointing Simpluris Inc. ("Simpluris"), as the Fund Administrator to oversee the administration and distribution of the Fair Fund.
Show all 4 more verified fields
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Class period start
June 1, 2016
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Class period end
July 31, 2019
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Court case number
Admin. Proc. File No. 3-21295
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Case name
In the Matter of Centaurus Financial, Inc., Ricky A Mantei, and Atul Makharia
Where to act
