LOST MONEY IN GWG L BONDS? CLICK HERE TO LEARN MORE

Broker Misconduct Investigation: Gilbert Russell Conrad (Cetera Advisor Network)

If you have lost money in the stock market due to fraud, misrepresentation, negligence, or for other reasons, we can help you. We have successfully recovered over $250 million in FINRA securities arbitrations.*

Need Legal Help? Contact Us. Call +1 (888) 997-9956
Updated on: June 25, 2024

If you have investment losses due the actions of Gilbert Conrad, contact the investment loss attorneys at KlaymanToskes today at +1 (888) 997-9956 or request a free case evaluation to determine if you are eligible for recovery.

National investment loss lawyers KlaymanToskes continues investigating broker Russ Conrad a/k/a Gilbert Russell Conrad (CRD# 2746778) following the filing of several FINRA arbitration claims (no. 23-02737, no. 23-03089, and no. 23-03595), on behalf of numerous investors who are seeking to recover up to $12,000,000 in collective damages, in connection with being recommended to invest in unsuitable and illiquid Alternative Investments.

According to the claims filed, the customers sought low risk, safe, income-producing investments that would protect their principal but also generate income. Instead, Russ Conrad made unsuitable recommendations to invest in various Alternative Investments that were high-risk and lacked liquidity, against the customers’ needs and best interests.

Investors that suffered losses with broker Russ Conrad are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at lawrence@klaymantoskes.com for a free consultation to discuss recovery options. 

Who is Broker Gilbert Russ Conrad?

Gilbert Russell Conrad (CRD# 1432593) is a broker who is currently under investigation for alleged unsuitable recommendations and over-concentration of Alternative Investments. He is also facing multiple customer disputes of investment losses, which have yet to be resolved.

Investors that Did Business With Gilbert Russel Conrad At These Firms Should Review Their Accounts For Losses:

  • J.P. Turner & Company, LLC (Cetera Advisors)
  • Summit Brokerage Services, Inc.
  • Independent Financial Group LLC
  • Arkadios Capital
  • Coastal Equities, Inc.

KlaymanToskes encourages investors that suffered losses with Russ Conrad at any of the above referenced firms to contact us for a free, confidential consultation. Our experienced attorneys can review your accounts at no charge to help you determine if you have been a victim of a securities violation, and if you may have a right to compensation.

Current Investigations About Broker Gilbert Russel Conrad That You Should Know as an Investor:

KlaymanToskes is a leading national investment loss law firm that represents the interests of investors throughout the world who have suffered losses due to broker misconduct, investment fraud, and securities violations. 

The articles linked below contain important information relating to KlaymanToskes’ investigations of broker Russ Conrad:

If you suffered losses with Russ Conrad contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.

The firm has helped recover over $600 million* for investors, and can help you determine if your loss is due to financial advisor misconduct, unsuitable investment advice, and/or other securities violations.

*Exclusive of attorneys fees and costs.

Retired Couple Seeks $5M Recovery Over Alleged Unsuitable Alternative Investments by Advisor Russ Conrad

KlaymanToskes has recently filed a FINRA arbitration claim (no. 23-03089) against broker/investment advisor [Russ Conrad (CRD# 2746778)](http://klaymantoskes.com/broker-investigation/gilbert-russell-conrad-investor-losses-investigation/) on behalf of a retired couple.

The claim seeks to recover up to $5,000,000 in connection with Conrad’s unsuitable recommendations of illiquid Alternative Investments.

The clients, who relied on their investments for retirement income, were seeking low-risk, safe, income-producing investments that would protect their principal. However, Conrad recommended a concentrated portfolio of unsuitable Alternative Investments, many of which have since filed for bankruptcy.

Widow Seeks $5M Over Alleged High-Risk Investments by Advisor Conrad

KlaymanToskes has recently filed another FINRA arbitration claim (no. 23-02737) on behalf of an 81-year-old widow.

The claim seeks to recover up to $5,000,000 due to Conrad’s alleged over-concentration of the customer’s funds in speculative and high-risk private placement Alternative Investments.

Over-concentration is when a broker places too much of a customer’s assets in one particular investment or sector, exposing the customer to potential financial risk. Over-concentration is considered a high-risk investment strategy and may not be suitable for all investors, especially those who are retired or seeking low-risk investments.

Signs Investors Should Look Out For In Their Brokerage Accounts

As an investor, there are a few signs that you should look out for if you believe you may have a claim against Russ Conrad. These signs could potentially indicate misconduct, negligence, or investment fraud. Investors are encourage to contact our firm immediately if you have experienced any of the following: 

  • You have substantial losses in your investment accounts
  • Your account is concentrated in one type of investment, such as REITs
  • Your broker misrepresented investment opportunities, or failed to disclose details about your investments
  • You received a call, email, or other communication from your broker’s supervisor or manager regarding your portfolio
  • Your broker is not returning your calls or emails
  • You filed a complaint with your brokerage firm that has not been resolved

Some investors have close relationships with their brokers due to the time and trust built over the course of their investment relationship. However, it is crucial to remember that financial decisions should be based on careful analysis and due diligence rather than solely relying on personal relationships.

Engaging the services of an experienced securities attorney to evaluate your specific circumstances is strongly advised. At KlaymanToskes, our team of experienced attorneys has a deep understanding of this complex area of law, allowing us to provide invaluable insight and tailored guidance that directly addresses your individual needs.

If you suffered losses with broker Gilbert Russell Conrad, or have concerns regarding your investment portfolio at Coastal Equities, Independent Financial Group, Arkadios Capital, Summit Brokerage Services, or J.P. Turner & Company (Cetera), contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.