Allegations Against Gilbert Conrad

FINRA began its investigation into Conrad after two customer complaints were filed against him (Conrad has now been the subject of seven customer complaints).  FINRA alleged that Conrad settled with two customers without notifying his former firm, Independent Financial Group.  The complaints involved real estate and other private alternative investments that Conrad had recommended.

To settle these allegations, Conrad agreed to a two-month suspension and a $5,000 fine.

Background on Gilbert Russell Conrad

Gilbert Conrad had been licensed with Independent Financial Group from October 2016 to February 2020.  He then was licensed with Arkadios Capital from February 2020 to March 2022.  He later was licensed with Coastal Equities (now known as Realta Equities) from March 2022 to March 2025.  Conrad worked in a Lewiston, New York office.

Can Coastal Equities Be Responsible for Their Advisors’ Conduct?

Under FINRA Rule 3110, broker-dealers like Coastal Equities must reasonably supervise the activity of its advisors.  The firms could be responsible for investor losses if they failed to reasonably supervise him.

Israels & Neuman Represents Clients in New York

We represent investors throughout the United States as well as New York, who have been victims of broker misconduct, unsuitable investment recommendations, and fraud.    If you were a client of Gilbert Conrad and believe he acted improperly, you may be entitled to recover losses through FINRA arbitration.

• View Conrad’s BrokerCheck Report
• View Conrad’s FINRA AWC

Contact Us for a Free and Confidential Consultation

Call us today at (720) 599-3505 or (206) 795-5798

or fill out our contact form to learn more about your rights. We have experience representing New York investors and are ready to help you recover the money you deserve.