Russell Conrad Has Multiple Investor Complaints  – May Recover Investor Losses

Russell Conrad Has Multiple Investor Complaints  – Goodman & Nekvasil, P.A. May Recover Investor Losses

REALTA EQUITIES, INC. broker,  Russell Conrad has multiple investor complaints seeking more than 4 Million in damages.  

GILBERT RUSSELL CONRAD
G RUSSELL CONRAD
CRD#: 2746778

Call 800-500-4442 if you think that you have received unsuitable investment recommendations from your adviser.

GILBERT RUSSELL CONRAD (CRD#: 2746778), a registered representative for REALTA EQUITIES, INC. in LEWISTON, NY has multiple investor complaints.  According to Conrad’s FINRA BrokerCheck report, The most recent claimant alleges unsuitable investments.

FINRA Suspends Conrad Over Alleged Rule Violation

According to FINRA, Between February 2013 and August 2022, Conrad paid two customers a combined total of $139,000 to settle complaints about poor investment performance, without the knowledge of his member firms.
Both customers had invested substantial retirement funds in real estate investment trusts (REITs) and other alternative investments that Conrad recommended.  During the relevant period, each of the firms with which Conrad was associated maintained written supervisory procedures (WSPs) that prohibited registered representatives from settling customer complaints without the firm’s knowledge.  In response to the first customer’s complaints about poor investment performance, Conrad paid her a total of $79,100 between 2013 and 2018. In response to the second customer’s complaints, Conrad paid her a total of $60,000 in two separate periods:  January through December 2017, and May through August 2022.
Conrad did not notify his associated firms of either the complaints or the payments.  Indeed, in 2017, 2018, and 2019, Conrad falsely attested to Independent Financial Group, LLC that he had not made any payments to customers in connection with securities
transactions. Conrad’s payments to the customers only came to light after the customers brought arbitration claims against him in 2023.
Therefore, Conrad violated FINRA Rule 2010.
For this violation, Conrad is suspended for two months and fined $5,000.
GILBERT RUSSELL CONRADG RUSSELL CONRAD CRD#: 2746778

Russell Conrad has multiple investor complaints.

Goodman & Nekvasil, P.A., is investigating brokers who may have unsuitably recommended investments to their clients.

St. Petersburg, Florida law firm Goodman & Nekvasil, P.A., has a national practice representing victimized investors.  The  firm continues to investigate brokerage firms that placed elderly retirees and other conservative investors in unsuitable investments.

Goodman & Nekvasil, P.A., has filed numerous cases against brokerage firms selling high-risk investments and has recovered more than $400 million dollars on behalf of victimized investors.

We allege in these cases that these investment recommendations were unsuitable for our clients in view of their financial situation, needs and investment objectives.

There is no charge for an evaluation of your case. We handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee.

If you incurred losses on your investment and would like your case evaluated by a securities attorney, please contact us.

Some of the information in this blog post was obtained from FINRA on 8/7/24. If you believe this information was reported incorrectly, please contact our firm: 1-800-500-4442.

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