Rodney Dabbondanza Allegedly Misrepresented REITs and BDCs

Rodney Dabbondanza (CRD #: 1625917), a previously registered broker with Coastal Equities, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on April 22, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations 

On March 20, 2024, an investor alleged that Rodney Dabbondanza misrepresented the risks associated with unsuitable REITs and BDCs. The investor is seeking $50,000. 

Misrepresentation 

FINRA Rule 2020 forbids the use of deceptive, manipulative, and otherwise fraudulent methods to influence the purchase and sale of securities. The misrepresentation or omission of material facts violates this rule.

What Are REITs?

Real estate investment trusts (REITs) allow investors to generate returns from a portfolio of real estate without being directly involved in property management. However, REITs tend to be illiquid, which makes them unsuitable for many investors. 

BDCs

Business Development Companies (BDCs) extend loans to small and medium-sized companies, typically those that are distressed. While the high-interest rates charged by BDCs can mean high returns for investors, the possibility of the company defaulting on the loan and other risks can make BDCs unsuitable for some investors.

Background Information 

Rodney Dabbondanza has passed the following exams: 

• Series 65 Uniform Investment Adviser Law Examination 
• Series 63 Uniform Securities Agent State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination 
• Series 6 Investment Company Products / Variable Contracts Representative Examination 
• Series 22 Participation Programs Representative Examination 

During his 27 years of experience, Rodney Dabbondanza has registered with five firms: 

• Coastal Equities (CRD #: 23769) 
• H. Beck (CRD #: 1763) 
• IFG Network Securities (CRD #: 19948) 
• Comprehensive Financial Services (CRD #: 22710) 
• H.D. Vest Investment Securities (CRD #: 13686) 

Kurta Law Can Help 

If you have worked with Rodney Dabbondanza and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. Do not let securities fraud go unchecked. Start your recovery process today.