Close Menu
Free Consultation: 888-976-6111

Russell Conrad: Princeton Equity Advisor Faces 7-Figure Complaint

A recent investor complaint against Lewiston, New York financial advisor Russell Conrad (CRD# 2746778) alleges his advice resulted in damages as high as $5 million. Financial Industry Regulatory Authority records show that the former Arkadios Capital representative is a broker with Coastal Equities, doing business as Princeton Equity.

Mr. Conrad’s BrokerCheck report discloses three investor complaints. The most recent, filed in 2023, alleges that as a representative of Cetera Advisor Networks, he recommended unsuitable direct investments. The pending complaint alleges damages between $1 million and $5 million.

An earlier investor complaint, filed in 2020, alleged that as a JP Turner & Company representative, he recommended unsuitable alternative products. In 2022 the complaint reached a settlement of $10,000. In a statement included with the complaint’s disclosure, he wrote that he “vehemently” denied wrongdoing, calling the product in question “suitable for the client’s overall portfolio.”

A third investor complaint, filed in 2013, alleged that as a JP Turner representative, he misrepresented material facts, committed fraud, recommended unsuitable investments, acted negligently, violated Nebraska securities law, breached contract, and breached his fiduciary duty. In 2014 the complaint reached a settlement of $235,000. Mr. Conrad wrote in a statement included with the disclosure that he believed the allegations were “completely false.”

According to the Financial Industry Regulatory Authority, Russell Conrad holds 27 years of securities industry experience. Based in Lewiston, New York, he has been a broker with Coastal Equities since 2022, doing business as Princeton Equity. His registration history includes Arkadios Capital, Independent Financial Group, Summit Brokerage Services, JP Turner & Company, RP Capital, Cantella & Company, Princeton Securities Corporation, and GKN Securities Corporation. His credentials include the passage of three securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; and the Uniform Securities Agent State Law Examination, or Series 63. He is licensed in Arizona, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Michigan, Mississippi, Nebraska, New York, North Carolina, Ohio, Pennsylvania, Tennessee, Texas, and Wisconsin. (Information current as of August 27, 2023.)

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.

Facebook Twitter LinkedIn
Contact Us For A Free Case Evaluation
protected by reCAPTCHA Privacy - Terms
Latest Blog Posts
  • Carlson Law Files Claim Involving Sam Jacobs of Key Investment Group

    Carlson Law recently filed a case on behalf of an investor against LaSalle St. Securities involving the actions of Winter...

    Read More
  • Ariel Rivero: FINRA Sanctions Former Jeffries Advisor

    Coral Gables, Florida financial advisor Ariel Rivero (CRD# 4236679) was recently sanctioned and suspended in connection with alleged rule violations....

    Read More
  • Joshua Cox: $80K Complaint Against Everest Wealth Advisor

    Greenwood Village, Colorado financial advisor Joshua Cox (CRD# 6137037) allegedly recommended unsuitable investments, according to a recent investor complaint. Financial...

    Read More
  • Paul Snow: NewEdge Advisor Resigned from Raymond James

    Former Covington, Louisiana broker Paul Snow (CRD# 2963153) recently resigned from Raymond James Financial Services in connection with alleged rule...

    Read More
  • Previous
  • Next