Articles Posted in Crystal Bay Securities

Crystal Bay Securities, Inc. is a defunct broker-dealer out of Delray Beach, Florida. FINRA cancelled the firm’s license in February 2019 for failure to pay arbitration fees.

In November 2020, an arbitration panel ordered Crystal Bay Securities, Inc. to pay $1.3 million in damages to a 91-year-old Claimant over her losses in three GPB funds: GPB Holdings II, GPB Automotive and GPB Waste Management. The broker involved in the customer dispute was Rafael Golan who was barred from the securities industry in May 2019.

Iorio Altamirano LLP is investigating claims on behalf of defrauded investors who were victims in the GPB funds scheme. The GPB funds were marketed to independent broker-dealers and investment advisers who would in turn sell the GPB funds to their retail investors. Publicly available records filed with the SEC show that Crystal Bay Securities, Inc. likely received sales compensation for selling the GPB funds to retail investors.

Contact Information