Dan Holzer (CRD #5779187) Has Customer Dispute and Financial Disclosures on FINRA BrokerCheck

Dan Holzer (CRD #5779187) is a broker with customer dispute and financial disclosures on FINRA BrokerCheck. We reviewed his BrokerCheck report on May 11, 2026. It reflects two customer disputes and one financial disclosure. If you invested with Dan Holzer and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Investor Disputes / Customer Complaints

Dan Holzer’s FINRA BrokerCheck Report reflects two customer dispute disclosures. A summary of each dispute is below:

On March 30, 2026, a claimant alleged Dan Holzer made unsuitable recommendations. Dan Holzer FINRA BrokerCheck lists the product as alternative investments. The matter is pending. The complaint reports alleged damages between $500,000 and $1,000,000. FINRA lists docket 26-00677 and a filing date of March 27, 2026.

On September 16, 2024, a customer made several allegations. The customer alleged breach of fiduciary duty, suitability violations, misrepresentations, omissions, FINRA rule violations, and breach of contract. Dan Holzer FINRA BrokerCheck lists the product as a DST. The matter settled on October 16, 2025, for $100,000. Holzer did not contribute to the settlement. FINRA lists docket 24-02012 and a filing date of September 18, 2024.

Financial Disclosures

Dan Holzer’s FINRA BrokerCheck Report reflects one financial disclosure. A summary is below:

On September 26, 2016, Holzer reported a Chapter 13 bankruptcy. Dan Holzer FINRA BrokerCheck lists the disposition as dismissed. The disposition date was June 14, 2019. The filing was in the United States Bankruptcy Court in San Diego, California. Holzer’s broker statement says the filing related to a loan from Cornerstone. He said Cornerstone sold the loan to a REIT hedge fund. Holzer stated that he tried to restructure the loan in good faith.

Rule Summary #1: FINRA Rule 2111 (Suitability)

FINRA Rule 2111 requires a reasonable basis for a recommendation. Customer disputes about unsuitable recommendations can turn on the investor’s profile, risk tolerance, and liquidity needs.

Rule Summary #2: FINRA Rule 2010 (Standards of Commercial Honor and Principles of Trade)

FINRA Rule 2010 requires members to observe high standards of commercial honor. Disputes that cite misrepresentations, omissions, or rule violations may raise questions under this rule.

Why This Matters to Investors (Regulation Best Interest)

Regulation Best Interest (Reg BI) is a U.S. securities regulation. It strengthens the standard of conduct that broker-dealers owe to retail investors. It applies when they recommend securities transactions or investment strategies. The U.S. Securities and Exchange Commission adopted Reg BI. It became effective on June 30, 2020. Reg BI aims to protect investors while preserving access to brokerage products and services.

Reg BI requires broker-dealers and financial advisors to act in a retail customer’s best interest at the time of a recommendation. They must not place their own financial or other interests ahead of the customer’s. This standard is higher than the older “suitability” rule. Suitability meant a recommendation only had to be appropriate. It did not have to be the best option or free of conflicts.

Reg BI has four key obligations:

Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and the recommendation. This includes fees, the scope of services, and conflicts of interest.

Care Obligation – Broker-dealers must use reasonable diligence, care, and skill. They must consider costs, risks, and alternatives when making a recommendation.

Conflict of Interest Obligation – Firms must identify conflicts of interest. They must disclose them and mitigate or eliminate them. This includes conflicts that create incentives to favor one product over another.

Compliance Obligation – Firms must maintain policies and procedures. Those policies should be designed to ensure compliance with Reg BI as a whole.

Reg BI applies to each recommendation. It is not a continuous duty like the fiduciary standard for registered investment advisers. Even so, it narrows the gap. It puts more focus on costs, conflicts, and investor-focused decision-making.

Overall, Regulation Best Interest promotes transparency. It also aims to improve the quality of investment recommendations. It is designed to reinforce trust between retail investors and broker-dealers in the U.S. securities markets.

Background Information (from BrokerCheck)

Based on his FINRA BrokerCheck report, Dan Holzer:

Is currently registered with Realta Equities, Inc. and Realta Investment Advisors, Inc.

Has passed the Securities Industry Essentials (SIE) exam. Dan Holzer has passed Series 7. He has also passed Series 66.

Was previously registered with firms that include Emerson Equity LLC, Ari Financial Services, Inc., and Wells Fargo Advisors, LLC.

Kurta Law Can Help

If you worked with Dan Holzer and have concerns about his activity, Kurta Law may be able to help. The firm can evaluate your legal options. To speak with Kurta Law, call 877-600-0098 or email info@kurtalawfirm.com.

Helpful resources: Unsuitable Investments | Stockbroker Fraud

For nearly 20 years, Kurta Law has advocated for investors and helped hold financial professionals accountable. Our firm represents clients nationwide in securities arbitration and related disputes. If you believe a broker or firm mishandled your account, an attorney can review the facts. The attorney can also explain possible next steps.