Erez Law is currently investigating former Coastal Equities, Inc. broker Michael Corrada (CRD# 709158). He was registered with Center Street Securities, Inc. in Richmond, Virginia, from 2019 to 2020, and Coastal Equities, Inc. in San Diego, California, from 2015 to 2019.
Michael Corrada Customer Complaints
He has been the subject of seven customer complaints between 2008 and 2023, one of which was denied, according to his CRD report. The most recent complaint was regarding:
September 2023. “Client alleges registered representative recommended and sold an unsuitable investment.” The customer is seeking $200,000 in damages, and the case is currently pending. The complaint was regarding alternative investments, and it took place while he was registered with Center Street Securities, Inc.
September 2023. “Claimant alleges failure to conduct reasonable and adequate due diligence on offering and unsuitable investments.” The case is currently pending. The complaint was regarding alternative investments, and it took place while he was registered with Coastal Equities, Inc.
April 2022. “Client(s) alleges that the registered representative’s recommendation of a corporate bond was unsuitable.” The case was settled for $255,000. The complaint was regarding corporate debt, and it took place while he was registered with Coastal Equities, Inc.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Coastal Equities, Inc. may be liable for investment or other losses suffered by Michael Corrada’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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