Thomas Caine Shultz of Scottsdale, Arizona, a stockbroker formerly registered with Coastal Equities Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensatory damages based upon allegations that Shultz failed to perform due diligence and made unsuitable recommendations with regard to the sale of direct investments when Shultz was associated with Coastal Equities Inc. Financial Industry Regulatory Authority (FINRA) Arbitration No. 22-01116 (May 23, 2022).
This is not the first time that Shultz has been referenced in a customer initiated investment related dispute concerning Shultz’s activities in the securities industry. Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that Shultz is also referenced in a customer initiated investment related FINRA securities arbitration claim that was settled for $5,000.00 in damages based upon allegations that Shultz made unauthorized transactions in connection with the recommendation and sale of stocks when Shultz was associated with MML Investors Services LLC. FINRA Arbitration No. 12-02400 (July 23, 2013).
Since February 2021, Shultz has been associated with Titan Securities.
