Dave Bulger: Realta Equities Advisor Lands 500K-$1mm Complaint

A recent investor complaint against Wilmington, Delaware financial advisor Dave Bulger (CRD# 3180806) alleges that his conduct resulted in six- or seven-figure damages. Financial Industry Regulatory Authority records show that he is registered as a broker with Realta Equities, doing business as Perch Wealth.

Mr. Bulger’s BrokerCheck report discloses one investor complaint. Filed in June 2026, it alleges that as a representative of Emerson Equity, he breached contract, violated state securities statutes, committed fraud, breached his fiduciary duty, acted negligently, misrepresented and omitted material facts, engaged in unjust enrichment, and violated the Consumer Protection and Deceptive Trade Practices Act. The pending complaint alleges damages between $500,000 and $1 million.

Investors should be aware that various FINRA rules and other securities industry standards prohibit brokers from misleading their clients when recommending or executing securities trades. FINRA Rule 2020, for example, stipulates specifically that no broker shall “effect any transaction in, or induce the purchase or sale of, any security by means of any manipulative, deceptive or other fraudulent device or contrivance.” In addition, FINRA Rule 2010 requires brokers to “observe high standards of commercial honor and just and equitable principles of trade.” Brokers who misrepresent investments may be held liable in the event of losses.

According to the Financial Industry Regulatory Authority, Dave Bulger holds 26 years of securities industry experience. Based in Wilmington, Delaware, he has been registered as a broker with Realta Equities since 2025. His past registrations include Arkadios Capital, Emerson Equity, Nexpoint Securities, Cantor Fitzgerald, Realty Capital Securities, KBS Capital Markets Group, and Roulston Research. His credentials include the passage of four securities industry qualifying exams: the Securities Industry Essentials Examination, or SIE; the General Securities Representative Examination, or Series 7; the Uniform Investment Adviser Law Examination, or Series 65; and the Uniform Securities Agent State Law Examination, or Series 63. He holds 20 state licenses. (Information current as of August 1, 2026.)

Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.