{"id":19390,"date":"2020-12-07T09:43:01","date_gmt":"2020-12-07T15:43:01","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=19390"},"modified":"2020-12-09T09:43:15","modified_gmt":"2020-12-09T15:43:15","slug":"coastal-equities-finra-arbitration-case","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/coastal-equities-finra-arbitration-case\/","title":{"rendered":"Coastal Equities To Pay $280K To Elderly and Retiree Clients Over Allegedly Unsuitable Trades"},"content":{"rendered":"<h2><span style=\"font-weight: 400;\">Coastal Equities Has Been The Subject of $3M in Investor Arbitration Claims<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Coastal Equities, a mid-sized broker-dealer, recently arrived at a settlement with the Financial Industry Regulatory Authority (FINRA) in which it agreed to give $280K in restitution to several customers. The firm is accused of failing to reasonably supervise one of its registered representatives, who recommended trades that were allegedly excessive and unsuitable. Those who were harmed were retirees and senior investors.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It was just last year that <\/span><a href=\"https:\/\/brokercheck.finra.org\/firm\/summary\/23769\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Coastal Equities<\/span><\/a><span style=\"font-weight: 400;\"> said in its filing with the US Securities and Exchange Commission (SEC) that investors had submitted $3M in arbitration claims against the firm.\u00a0<\/span><\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/coastal-equities-finra-arbitration-case\/\"  title=\"Continue Reading Coastal Equities To Pay $280K To Elderly and Retiree Clients Over Allegedly Unsuitable Trades\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Coastal Equities Has Been The Subject of $3M in Investor Arbitration Claims Coastal Equities, a mid-sized broker-dealer, recently arrived at a settlement with the Financial Industry Regulatory Authority (FINRA) in which it agreed to give $280K in restitution to several customers. The firm is accused of failing to reasonably supervise one of its registered representatives, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":19391,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3774,3967,3777],"tags":[4482,4483,2533,4314,2667],"class_list":["post-19390","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-broker-dealers","category-failure-to-supervise","category-inadequate-supervision","tag-coastal-equities","tag-elderly-financial-abuse","tag-finra","tag-finra-arbitration","tag-inadequate-supervision"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Coastal Equities To Pay $280K In FINRA Arbitration Claim Over Retiree Losses | Investor Lawyers<\/title>\n<meta name=\"description\" content=\"Broker-dealer, Coastal Equities, is to pay $280K in a FINRA arbitration claim over the losses experienced by elderly and retired investors.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/coastal-equities-finra-arbitration-case\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Coastal Equities To Pay $280K In FINRA Arbitration Claim Over Retiree Losses | Investor Lawyers\" \/>\n<meta name=\"twitter:description\" content=\"Broker-dealer, Coastal Equities, is to pay $280K in a FINRA arbitration claim over the losses experienced by elderly and retired investors.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2020\/12\/pexels-andrea-piacquadio-3781895-1.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Coastal Equities To Pay $280K In FINRA Arbitration Claim Over Retiree Losses | Investor Lawyers","description":"Broker-dealer, Coastal Equities, is to pay $280K in a FINRA arbitration claim over the losses experienced by elderly and retired investors.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/coastal-equities-finra-arbitration-case\/","twitter_card":"summary_large_image","twitter_title":"Coastal Equities To Pay $280K In FINRA Arbitration Claim Over Retiree Losses | Investor Lawyers","twitter_description":"Broker-dealer, Coastal Equities, is to pay $280K in a FINRA arbitration claim over the losses experienced by elderly and retired investors.","twitter_image":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2020\/12\/pexels-andrea-piacquadio-3781895-1.jpg","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/coastal-equities-finra-arbitration-case\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/coastal-equities-finra-arbitration-case\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"Coastal Equities To Pay $280K To Elderly and Retiree Clients Over Allegedly Unsuitable Trades","datePublished":"2020-12-07T15:43:01+00:00","dateModified":"2020-12-09T15:43:15+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/coastal-equities-finra-arbitration-case\/"},"wordCount":574,"image":{"@id":"https:\/\/www.investorlawyers.com\/blog\/coastal-equities-finra-arbitration-case\/#primaryimage"},"thumbnailUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2020\/12\/pexels-andrea-piacquadio-3781895-1.jpg","keywords":["Coastal Equities","Elderly financial abuse","FINRA","FINRA arbitration","inadequate supervision"],"articleSection":["Broker-Dealers","Failure to Supervise","Inadequate Supervision"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/coastal-equities-finra-arbitration-case\/","url":"https:\/\/www.investorlawyers.com\/blog\/coastal-equities-finra-arbitration-case\/","name":"Coastal Equities To Pay $280K In FINRA Arbitration Claim Over Retiree Losses | Investor Lawyers","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/coastal-equities-finra-arbitration-case\/#primaryimage"},"image":{"@id":"https:\/\/www.investorlawyers.com\/blog\/coastal-equities-finra-arbitration-case\/#primaryimage"},"thumbnailUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2020\/12\/pexels-andrea-piacquadio-3781895-1.jpg","datePublished":"2020-12-07T15:43:01+00:00","dateModified":"2020-12-09T15:43:15+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"Broker-dealer, Coastal Equities, is to pay $280K in a FINRA arbitration claim over the losses experienced by elderly and retired investors.","breadcrumb":{"@id":"https:\/\/www.investorlawyers.com\/blog\/coastal-equities-finra-arbitration-case\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.investorlawyers.com\/blog\/coastal-equities-finra-arbitration-case\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.investorlawyers.com\/blog\/coastal-equities-finra-arbitration-case\/#primaryimage","url":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2020\/12\/pexels-andrea-piacquadio-3781895-1.jpg","contentUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2020\/12\/pexels-andrea-piacquadio-3781895-1.jpg","width":640,"height":426,"caption":"Elderly retirees that invested with Coastal Equities are to receive over $280K in restitution after the broker-dealer was found to be selling unsuitable trades to these investors."},{"@type":"BreadcrumbList","@id":"https:\/\/www.investorlawyers.com\/blog\/coastal-equities-finra-arbitration-case\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.investorlawyers.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Coastal Equities To Pay $280K To Elderly and Retiree Clients Over Allegedly Unsuitable Trades"}]},{"@type":"WebSite","@id":"https:\/\/www.investorlawyers.com\/blog\/#website","url":"https:\/\/www.investorlawyers.com\/blog\/","name":"Investor Lawyers Blog","description":"Published By Investment Fraud Attorneys \u2014 Shepherd Smith Edwards &amp; 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