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

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