Investors reportedly complained about securities broker Michael Wayne Corrada [CRD: 709158, Richmond, Virginia], based on publicly available information Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Corrada worked for Coastal Equities Inc. from January 5, 2015, to September 12, 2019, and later for Center Street Securities Inc. from September 12, 2019, to December 3, 2020. Read below to find out more about Corrada’s disclosures and how they may have affected investors.
Particularly, on January 23, 2025, a Coastal Equities Inc. client filed FINRA Arbitration No. 25-00099 about Michael Corrada. Primarily, the client alleged that Corrada gave unsuitable advice about alternative investments. As a result, the client requested $200,000.00 in compensation from Coastal Equities Inc. or Corrada. This arbitration is pending a resolution.
Evidently, a client of Coastal Equities Inc. contested Michael Corrada’s sales practices by bringing FINRA Arbitration No. 24-02421 on November 13, 2024. Allegedly, Corrada made unsuitable recommendations. Supposedly, Corrada caused the client to sustain damages connected to alternative investments. Therefore, the client seeks compensation from Coastal Equities Inc. or Corrada in this ongoing matter.
Additionally, a Center Street Securities Inc. client filed FINRA Arbitration No. 23-02437 about Michael Corrada. Mainly, the client alleged that Corrada gave unsuitable advice. regarding sales of alternative investments. On November 1, 2024, this matter settled for $25,000.
Specifically, a client of Coastal Equities Inc. disputed Michael Corrada’s sales practices by filing FINRA Arbitration No. 22-00787. Allegedly, Corrada made unsuitable recommendations. Supposedly, Corrada caused the client to sustain damages on corporate bonds. Consequently, Coastal Equities Inc. opted to settle the matter on July 28, 2023, by compensating the client in the amount of $255,000.
Do you need clarification on any investment losses relating to Michael Corrada? If so, reach out to Soreide Law Group online or at (888) 760-6552 and consult with a securities attorney concerning a potential recovery of your investment losses. For more than a decade, Soreide Law Group has recovered losses for investors throughout the country. Also, the firm works on a contingency fee arrangement and advances all costs. Corrada and brokerage firms Corrada worked for deny allegations of sales practice violations.
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