Allegations Regarding Don Linzer

According to BrokerCheck, Don Linzer has been the subject of two customer complaints within the last year.  The first complaint was made in December 2025 and was filed against Linzer’s former firm, Coastal Equities (now known as Realta Equities). This complaint alleges that a customer lost over $6 million in speculative, risky, and unsuitable private investments recommended by Linzer.

Linzer has also been the subject of a second complaint that was made in January 2026.  This second complaint was filed against another of Linzer’s former firms, Great Point Capital, and alleges over $1 million in losses related to a real estate investment.  Both cases are still pending.

Background on Don Linzer

Don Linzer had been licensed with Great Point Capital from July 2023 to August 2024 at a Pittsburgh, Pennsylvania office.  He also was licensed with Coastal Equities (now Realta Equities) between January 2022 and July 2023.   

Can Great Point Capital Be Responsible for Linzer’s Conduct?

Under FINRA Rule 3110, broker-dealers like Great Point Capital and 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 Helps Victims of Investment Fraud in Pennsylvania

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

• View Linzer’s BrokerCheck Report

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 Pennsylvania investors and are ready to help you recover what you deserve.

Allegations of Customer Complaint

According to FINRA’s BrokerCheck, a former customer of Roberts filed a complaint with FINRA in May 2025.  The customer alleged that Roberts sold them private placements and real estate investments (REITs) that were risky and unsuitable.  The customer alleged that the losses from the products sold by Roberts lost over $2.2 million.  The alleged conduct started in 2013.

Michael Roberts’ Securities Background

Mike Roberts was a representative of Triad Advisors from July 2017 to April 2023.  He also worked with Coastal Equities and Centaurus Financial.  He is now registered with The Strategic Financial Alliance. 

Roberts worked in offices Eugene, Oregon; Gilbert, Arizona; and Chandler, Arizona.  Roberts has also been the subject of a 2010 customer complaint which settled for about $85,000 and another complaint in 2018 that settled for $7,500.

Are the Brokerage Firms Liable for this?

FINRA rules provide that advisors like Mike Roberts have to make investment recommendations that are suitable for the customer, based on the customer’s age, risk tolerance, investment objectives, and financial resources.  Roberts’ brokerage firms could be liable if they failed to reasonably supervise Roberts’ conduct.

We Help Investors in Oregon and Arizona

Our law firm represents investors throughout the U.S.  Attorney Aaron Israels is licensed to practice law in Arizona, and we have an office in Phoenix.  Moreover, we also have an office in Seattle and regularly represent investors throughout the Pacific Northwest.

• View Roberts’ BrokerCheck Report

Contact Us for a Free Case Evaluation

Call us today at (720) 599-3505 or (206) 795-5798 or fill out our contact form to learn more about your rights.