Thomas Shultz Discloses Allegations Of Unsuitable Recommendations

Investors have come forward with complaints about securities broker Thomas Caine Shultz (CRD:  5614228, Scottsdale, AZ). Evidently, the securities broker, who worked for Coastal Equities Inc., discloses client disputes via Financial Industry Regulatory Authority (FINRA) BrokerCheck. Notably, Coastal Equities Inc. clients allege that Shultz made unsuitable recommendations and failed to perform due diligence. For more on these disclosures about Shultz, see below; however, keep in mind that the securities broker denies all allegations of misconduct.

Thomas Shultz Discloses Unsuitable Recommendations Allegations By Coastal Equities Inc. Client

Evidently, on May 23, 2022, a Coastal Equities Inc. client filed FINRA Arbitration: 22-01116 about Thomas Shultz. Namely, the client alleged that Shultz made unsuitable recommendations and failed to perform due diligence. Because of this, the client allegedly sustained damages by investing in direct investments. Therefore, the client requested compensation from Coastal Equities Inc. or Shultz. Evidently, this arbitration is pending a resolution.

Shultz Discloses Unauthorized Trading Allegations By MML Investors Services LLC Client

Also, a client of MML Investors Services LLC contested Thomas Shultz’s sales practices by filing FINRA Arbitration: 12-02400. Allegedly, Shultz engaged in unauthorized trading. Supposedly, Shultz caused the client to sustain damages by investing in stocks. Therefore, MML Investors Services LLC opted to settle the matter on July 23, 2013, by compensating the client in the amount of $5,000.

Thomas Shultz Employment Information

• Shultz worked for Coastal Equities Inc. in Scottsdale, AZ, as a securities broker from June of 2018 to January of 2021.
• Shultz worked for Coastal Investment Advisors in Wilmington, DE, as a financial advisor from July of 2018 to January of 2021.
• Shultz has worked for Titan Securities in Scottsdale, AZ, as a securities broker since February 4, 2021.
• Shultz has worked for Titan Securities in Scottsdale, AZ, as a financial advisor since September 30, 2021.

Did Coastal Equities Inc. Securities Broker Shultz Cause You To Experience Damages?

Have you experienced damages because of Thomas Shultz? If so, contact Soreide Law Group at (888) 760-6552 and speak with a securities lawyer about a possible recovery of your investment losses. Soreide Law Group, who has successfully recovered money for many investors throughout the United States, is ready to review your situation and explain your legal options. Also, the firm represents clients on a contingency fee basis and advances all costs. Shultz and brokerage firms Shultz worked for deny any and all allegations of sales practice violations.