Shepherd Smith Edwards and Kantas Alternative Investment Lawyer Teams Investigates Investor Losses Involving Coastal Equities Broker Gilbert Conrad
Clients of NY Financial Advisor Are Seeking Millions of Dollars in Damages
If you are an investor who suffered serious losses while working with stockbroker Gilbert Russell Conrad, Shepherd Smith Edwards and Kantas (investorlawyers.com) would like to talk to you. Currently a Coastal Equities financial advisor, Conrad was an Arkadios Capital broker from 2020 to 2022. He was an Independent Financial Group registered representative from 2016 to 2020. He worked at several other broker-dealers before that and has been in the industry for nearly thirty years.
According to Gilbert Conrad’s CRD, in 2023 at least three investors filed broker misconduct lawsuits against him. Each one is seeking $1M in damages. Allegations include overconcentration in non-traded real estate investment trusts and unsuitable investment recommendations. Reports online indicate there have been other FINRA arbitration claims involving Conrad, including two from senior investors requesting $5M in damages, respectively.
Many of the alternative investments that Conrad allegedly unsuitably recommended have filed for bankruptcy protection. One of these is Hospitality Investors Trust, which was formerly known as American Realty Capital REIT.
What You Should Know About Alternative Investments
They tend to be illiquid, risky investments. They are not suitable for most retail investors, inexperienced investors, or conservative retirees. Yet, alternative investments are popular with brokers, who are attracted to the high commissions that they can earn from the sales.
Our skilled alternative investment loss lawyers represent investors of all experience levels in pursuing the damages they are owed by the brokers and broker-dealers responsible. Even if the brokerage firm was unaware of the stockbroker’s negligence or misconduct occurring in your account, you still may be able to hold them liable.
How Do You Know If You Have Grounds For A Customer Dispute Involving Broker Gilbert Conrad?
Call the SSEK Alternative Investment Lawyer team at (800) 259-9010 today or contact us online. We can help you explore your legal options during a free, no-obligation case assessment. If we do find that your losses were a result of concentration, unsuitability, negligence, or some other type of stockbroker misconduct—and you decide to hire us as your securities law firm—Shepherd Smith Edwards and Kantas will provide you with seasoned securities representation and personalized attention.
More than 90% of our clients have received full or partial financial recovery from the brokerage firms responsible. We understand how devastating it can be to sustain huge investment losses. It is one of the reasons we have dedicated our entire law practice to fighting for investors like you.