Gilbert Conrad Facing Client Disputes Over Unsuitable Recommendations

Soreide Law Group is reviewing potential investor claims on behalf of individuals who incurred losses from securities broker Gilbert Russell Conrad [CRD: 2746778, Lewiston, New York]. Conrad's career includes periods at Arkadios Capital from February 24, 2020, to March 14, 2022, and at Independent Financial Group LLC from October 11, 2016, to February 21, 2020. Continue reading to learn more about Conrad's disclosures, including the allegations made about him in investor disputes.

Arkadios Capital Investor Accused Conrad Of Unsuitable Advice

Specifically, on October 23, 2023, an Arkadios Capital client filed FINRA Arbitration No. 23-03089 about Gilbert Conrad. Mainly, the client alleged that Conrad engaged in unsuitable recommendations. Because of this, the client allegedly sustained damages on alternative investments. Therefore, the client requested compensation ranging from $1,000,000 to $5,000,000 from Arkadios Capital or Conrad. Evidently, this arbitration is pending a resolution.

Gilbert Conrad Disclosed Overconcentration Allegations By Independent Financial Group LLC Client

Also, a client of Independent Financial Group LLC contested Conrad’s sales practices by filing FINRA Arbitration No. 23-02737 on October 5, 2023. Allegedly, Conrad caused an overconcentration in investments that were not suitable. It appears that Conrad caused the client to sustain damages on non-traded REITs. Therefore, the client seeks compensation from Independent Financial Group LLC or Conrad in the amount of $1,000,000 to $5,000,000 in this ongoing matter.

Cetera Advisors Networks LLC Investor Accused Conrad Of Unsuitable Alternative Investments

Additionally, on August 16, 2023, a Cetera Advisors Networks LLC client filed FINRA Arbitration No. 23-00927 about Gilbert Conrad. Supposedly, Conrad made unsuitable recommendations. Because of this, the client allegedly sustained damages on direct investments, specifically DPP and LP Interests. Therefore, the client requested compensation ranging from $1,000,000 to $5,000,000 from Cetera Advisors Networks LLC or Conrad. Evidently, this arbitration is pending a resolution.

Gilbert Conrad Disclosed Unsuitable Recommendations Allegations By JP Turner Company LLC Client

Specifically, a client of JP Turner Company LLC contested Conrad's sales practices by filing FINRA Arbitration No. 20-01585. Allegedly, Conrad made unsuitable recommendations involving alternative investments. It appears that Conrad caused the client to sustain damages on these products. Therefore, JP Turner Company LLC opted to settle the matter on January 11, 2022, by compensating the client in the amount of $10,000.

JP Turner Company LLC Investor Accused Conrad Of Misrepresentation

Also, a JP Turner Company LLC client filed FINRA Arbitration No. 13-01426 about Gilbert Conrad. Notably, the client alleged that Conrad engaged in unsuitable trading, misrepresentation, negligence, violation of Nebraska securities law, breach of fiduciary duty, and breach of contract involving real estate securities, specifically tenant in common products. Because of this, the client allegedly sustained damages amounting to $2,850,352.99. Therefore, on November 21, 2014, JP Turner Company LLC settled this matter by paying the client $235,000 in damages.

Did You Sustain Losses Because Of Securities Broker Gilbert Conrad?

Did you experience damages because of securities broker / financial advisor Gilbert Conrad? If so, reach out to Soreide Law Group online or at (888) 760-6552 and talk with a securities attorney concerning a potential recovery. Soreide Law Group has recovered losses for investors throughout the United States, works on a contingency fee basis, and advances all costs. Conrad and the brokerage firms he worked for deny accusations of sales practice violations.