G. Russell Conrad Investigation
July 2023-Lewiston, New York
The FINRA records of G. Russell Conrad , a Coastal Equities, Inc. broker, disclose a 2 prior customer disputes involving alternative investments and tenant in common investments..
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
In 1/2022, a customer of his former employer, JP Turner & Company, alleged unsuitability of an alternative investment. The case settled for $10,000.
In FINRA case #13-01426 a JP Turner & Company customer alleged misrepresentation, common law fraud, unsuitable investments, negligence, violation of Nebraska securities law, breach of contract and breach of fiduciary duty in connection with the purchase of a tenant in common investment (TIC). The case settled for $235,000.
Conrad has been employed by Coastal Equities, Inc. since 3/2022. He was employed by Arkadios Capital from 2/2019-3/2022, , Summit Brokerage Services from 9/2015 until 10/2016, JP Turner & Company from 1/2012-11/2015.
If you have losses in an account handled by G. Russell Conrad call to learn how you may be entitled to collect damages through FINRA arbitration.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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