Our firm is investigating Realta Equities stockbroker Preston Alan Walchli (CRD# 7265249) of Scottsdale, Arizona for potential investment-related misconduct.
Stockbroker’s Career History
According to his FINRA BrokerCheck report, Preston Alan Walchli has been registered with REALTA EQUITIES, INC. since February 8, 2023, working out of the firm’s Scottsdale, Arizona office. Earlier in his career, he was registered with Morgan Stanley (July 2020–February 2021) and later with Robinhood Financial, LLC (February 2021–August 2022). He has also held investment adviser representative registrations, including with Realta Investment Advisors, Inc. (February 2023–February 2025), Wealth Strategies Advisory Group (March 2023–November 2023), and Morgan Stanley (October 2020–February 2021).
Preston Alan Walchli Fraud Allegations and Investor Complaints Explained
FINRA BrokerCheck discloses one pending customer dispute involving Preston Alan Walchli.
Pending FINRA Arbitration (Docket/Case No. 25-02738)
The matter is reported as a pending, consumer-initiated dispute filed with FINRA. The claimants allege they were “directly lied to” and that material facts were misrepresented about investments. The product is identified as “Other: Alternative Investments.” The notice/process served date is December 18, 2025. The report lists alleged damages as $0.00, while also stating that alleged compensatory damages are unspecified.
Disclosures (for context)
- Customer Dispute (Pending) — FINRA arbitration (Case No. 25-02738); allegations of being lied to / facts misrepresented regarding “Other: Alternative Investments”; notice served 12/18/2025; compensatory damages unspecified (alleged damages listed as $0.00).
To obtain a copy of Preston Alan Walchli’s FINRA BrokerCheck report, visit this link.
Robert Wayne Pearce Is Committed to Recovering Your Investment Losses
FINRA Rule 2111 (Suitability) generally requires a broker to have a reasonable basis to believe a recommendation is suitable for the customer based on the customer’s investment profile (including objectives, risk tolerance, time horizon, liquidity needs, and other factors). In a dispute involving alternative investments and allegations that key facts were misrepresented, the suitability analysis often focuses on whether the investor understood the product’s risks, whether the recommendation fit the investor’s needs, and whether the broker had an adequate basis for recommending an illiquid or complex product in the first place.
FINRA Rule 2010 (Standards of Commercial Honor and Principles of Trade) broadly requires brokers to observe high standards of commercial honor and just and equitable principles of trade. Allegations that claimants were lied to or that facts were misrepresented in connection with an investment recommendation commonly implicate Rule 2010 because misleading statements or material omissions can fall below the ethical standards FINRA expects of registered representatives.
FINRA Rule 2020 (Use of Manipulative, Deceptive, or Other Fraudulent Devices) generally prohibits members from employing deceptive or fraudulent devices in connection with the purchase or sale of securities. Where an investor alleges that a broker misrepresented facts about an investment—especially in the context of alternative investments that may involve heightened risks, limited liquidity, or complex structures—Rule 2020 can be relevant to evaluating whether the sales practices were deceptive and whether the investor was induced to invest based on misleading information.
For over 45 years, Robert Wayne Pearce has helped investors recover losses caused by broker fraud, negligence, and unsuitable recommendations. His firm, The Law Offices of Robert Wayne Pearce, P.A., represents clients nationwide on a no-recovery, no-fee basis. Call (800) 732-2889 or email pearce@rwpearce.com for a free case review with an experienced securities attorney.