Securities Lawyers Blog
Our law firm represents individual and institutional investors that have been mistreated by their brokers and brokerage firms, such as Realta Equities, Inc. Many investors do not recognize broker misconduct in their accounts, and those that do are often hesitant to seek help. Broker misconduct spans many issues that violate industry rules, including unauthorized trading, breach of fiduciary duty, unsuitable asset allocation, and churning. The attorneys at Gana Weinstein LLP can analyze your accounts and investments to determine if there was misconduct in the handling of your account.
Realta Equities is a broker-dealer offering equities, corporate debt, mutual funds, municipal securities, options, variable life insurance and annuities, private placements and real estate syndications. Formed in Massachusetts in 1989 and now headquartered in Wilmington, Delaware, the firm operates nationally as Realta Wealth and is owned by Orange Street Holdings.
Realta Equities, Inc. – By the Numbers:
- CRD #: 23769
- Regulatory Events: 7
- Broker Employees: 149
Realta Equities, Inc. – In the News:
FINRA v. Realta Equities, Inc. (Case #2019061213401) – Between May 1, 2018 and June 30, 2018, Coastal negligently failed to tell customers it solicited to invest in offerings related to GPB Capital Holdings, LLC (GPB Capital) that the issuers failed to timely make required filings with the Securities and Exchange Commission, including filing audited financial statements. By virtue of the foregoing, Coastal violated FINRA Rule 2010. From August 2014 through July 2018, Coastal failed to supervise one of its representatives (Representative A) by failing to reasonably investigate red flags that the representative was falsifying documents regarding customers’ financial status, for example by recording false increases in the net worth and liquid net worth of customers. By virtue of the foregoing, Coastal violated FINRA Rules 3110 and 2010 and NASD Rule 3010.
FINRA v. Realta Equities, Inc. (Case #2017052325702) – From October 2016 to July 2018, Coastal failed to reasonably supervise a registered representative, SA, who recommended excessive and unsuitable trades in the accounts of four customers. Coastal became aware of numerous red flags that SA was making unsuitable recommendations, but failed to take reasonable action to investigate them. As a result of the foregoing, Coastal violated FINRA Rules 3110 and 2010.
FINRA v. Realta Equities, Inc. (Case #2015044476201) – The Fixed Income Team of the Department of Market Regulation (the “Staff”) reviewed Respondent’s compliance with FINRA Rules 2010, 2121 and 3110 (for conduct after November 30, 2014) and NASD Rule 3010 (for conduct before December 1, 2014) during the period from October 1, 2014 through December 31, 2015 (the “4Q14-4Q15 review period”). Staff also reviewed Respondent’s compliance with FINRA Rules 2010, 2121 and 3110 during the period from April 1, 2016 through September 30, 2016 (the “2Q16-3Q16 review period”). As a result of its reviews, Staff found that the firm violated FINRA Rules 2010 and 2121 and related supervision requirements.
FINRA v. Realta Equities, Inc. (Case #2014041310602) – From October 2013 to September 2014 (the “Relevant Period”), Coastal failed to establish, maintain, and enforce a reasonably-designed supervisory system for its representatives’ sales of leveraged, inverse, and inverse-leveraged exchange-traded funds (“Non-Traditional ETFs”), in violation of NASD Rule 3010 and FINRA Rule 2010.
Our investment fraud lawyers have recovered losses for hundreds of investors through FINRA arbitration awards and settlements. If you have concerns about a broker at Realta Equities, Inc., contact Gana Weinstein LLP for a free consultation.