brokerwatch

Rafael Golan | Crystal Bay Securities

According to FINRA’s BrokerCheck, Rafael Golan is the subject of 16 disclosures. Some of the more notable disclosures are as follows:

• March, 2019: Investigation Initiated by FINRA. “alleging violations of FINRA Rules 2111 and 2010 in that Golan recommended the purchases of numerous speculative securities to customers which were not suitable for the customers based on their investment profiles, caused an over-concentration of REITs for the customer’s portfolio and recommended the purchases of numerous speculative securities to a customer which were not suitable for the customer based on her investment profile, and caused an over-concentration of REITs for the customer’s portfolio; and violations of FINRA Rule 2010 in that Golan made or caused to be made several payments for legal services in connection with the present FINRA matters from the bank account of a trust totaling approximately $35,196.52.”
• January, 2019: Regulatory. Status: Final. “[Rafael Golan] is automatically barred from association with any FINRA member in all capacities.”
• September, 2018: Costumer Dispute. Status: Pending. “The complaint alleges a series of sales practice violations.” Damage Amount Requested: $1,585,895.00.
• February, 2018: Investigation initiated by the State of Ohio Department of Commerce.
• January, 2018: Costumer Dispute. Sales Practice Violations and unsuitable investments. Damages granted: $136,201.82.
• November, 2017: Investigation initiated by Financial Industry Regulatory Authority (FINRA).
• March, 15: Regulatory. Initiated by New York State Department of Financial Services. Sanctions: Civil and Administrative Penalty/Fine – $6,000.00
• July and December, 2012: Regulatory. Florida Office of Financial Regulation. Sanctions: Civil and Administrative Penalty/Fine – $12,000.00 (total).

Prior to Crystal Bay Securities, Rafael Golan was registered with Independent Financial Group, Sentra Securities Corporation, Prime Capital Services, Avalon Research Group, Shochet Securities, Baxter Banks & Smith, U.S. Securities & Futures Corp, Securities America, Painewebber Incorporated, A. G Edwards & Sons, among many others.

If you invested with Rafael Golan of Crystal Bay Securities, contact Peiffer Wolf and Meyer Wilson immediately for a FREE Consultation.

To review Rafael Golan ‘s BrokerCheck report, click here:

https://brokercheck.finra.org/individual/summary/1074079

*BrokerCheck is run by the Financial Industry Regulatory Authority, Inc. (FINRA)

Rafael Golan and the GPB Lawsuit

Multiple lawsuits have been filed and multiple regulatory matters have been initiated, alleging that GPB Capital Holdings has been engaged in wrongdoing.  A former GPB Holdings partner alleged that “GPB paid its investors significant returns based upon falsified financial information”.

Our investigation into the various GPB private placement funds includes, but is not limited to: GPB Automotive Portfolio LP, GPB Cold Storage LP, GPB Eurobond Finance PLC, GPB Holdings II LP, GPB Holdings III LP, GPB Holdings Qualified LP, GPB Holdings LP, GPB NYC Development LP, GPB Scientific LLC, GPB Waste Management LP, GPB Waste Management Fund LP, and many more.

Financial advisors (brokers) have a legal obligation and regulatory obligation to recommend only suitable investments that are appropriate for their individual clients. Their broker-dealer (employing brokerage firm) has a legal obligation and regulatory obligation to supervise the financial advisor’s sales practices and dealings with clients. To the extent that any of these duties are breached, the customer may be entitled to a recovery of his or her investment losses.

Based on our experience, we believe that there are more investors who have been the victims of Rafael Golan’s alleged broker misconduct and investment fraud. If you invested with Rafael Golan of Crystal Bay Securities, you should  contact Peiffer Wolf and Meyer Wilson immediately for a FREE Consultation.

Learn more about the GPB Investor Lawsuit here: https://gpblawyer.com/gpb-investor-lawsuit/

Peiffer Wolf and Meyer Wilson are currently investigating Rafael Golan’s  practices, as well as the products he recommended to individual investors. Concerns about possible broker misconduct and investment fraud are serious, and we are committed to fighting on behalf of investors. Contact Us Today for a FREE Consultation. 888-390-6491.