Public records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on June 8, 2018 indicate that Florida-based Crystal Bay Securities broker Rafael Golan, who has received several resolved or pending customer disputes, has been named in several regulatory investigations. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Golan (CRD# 1074079).
Rafael Golan has spent 33 years in the securities industry and has been registered with Crystal Bay Securities in Delray Beach, Florida since 2007. Previous registrations include Independent Financial Group in Delray Beach, Florida (2004-2006); Sentra Securities in Phoenix, Arizona (2001-2004); Prime Capital Services in Poughkeepsie, New York (1999-2001); Avalon Research Group in Boca Raton, Florida (1999); Shochet Securities in Boca Raton, Florida (1998-1999); Baxter Banks & Smith in St. Petersburg, Florida (1997-1998); US Securities & Futures Corporation in New York, New York (1996); Securities America in La Vista, Nebraska (1992-1996); Painewebber in Weehawken, New Jersey (1990-1992); AG Edwards & Sons in St. Louis, Missouri (1989-1990); Shearson Lehman Hutton (1988-1989); Kidder Peabody & Company (1984-1988); CVR Financial Corporation of America (1983-1984); and the Keyes Investment Group (1983). He has passed six securities industry examinations: Series 66 (Uniform Combined State Law Examination), which he obtained on December 29, 2003; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on May 22, 1984; Series 3 (National Commodity Futures Examination), which he obtained on August 4, 1988; Series 7 (General Securities Representative Examination), which he obtained on January 21, 1984; Series 22 (Direct Participation Programs Representative Examination), which he obtained on January 10, 1983; and Series 24 (General Securities Principal Examination), which he obtained on January 22, 2002. He is a registered broker with eight US states: California, Connecticut, Florida, New Jersey, Ohio, Pennsylvania, South Carolina, and Texas.
According to his BrokerCheck report, Rafael Golan has received two customer complaints, five pending customer complaints, and three regulatory investigations.
In February 2018 he was named in an investigation by the Ohio Department of Insurance in connection to allegations regarding “one customer complaint and one complaint by customer’s estranged daughter.” The investigation remains pending.
In 2017 he was named in a FINRA investigation into allegations of potential violations of FINRA rules regarding fraud and misrepresentation, unsuitable investment recommendations, conversion of funds, falsification of records, failure to follow customer instructions, lying during an on-the-record interview and failing to produce phone records, and failing to update a Form U4. The investigation remains pending.
In 2016 a customer alleged Rafael Golan, while employed at Crystal Bay Securities, made an improper transfer, breached his fiduciary duty, converted funds, and acted negligently. The customer is seeking $171,686 in damages in the pending complaint.
If you or someone you know has a complaint regarding Rafael Golan, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup lost funds. Fitapelli Kurta accepts every case on contingency: we only get paid if and when you collect money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.