Don Wells: $170K Complaint Against Realta, Ex-Titan Advisor

San Diego, California financial advisor Don Wells (CRD# 1217316) recently received an investor complaint alleging that his advice resulted in six-figure damages. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with Realta Equities and Realta Investment Advisors, respectively, having previously been registered with Titan Securities.

Mr. Wells’ BrokerCheck report discloses multiple investor complaints. The most recent, filed in October 2024, alleges that as a representative of Titan Securities, he recommended unsuitable investments. The pending complaint alleges damages of $170,000.

An earlier investor complaint, filed in 2022, similarly alleged that as a Titan Securities representative, he made unsuitable recommendations involving alternative investments. In 2023 the complaint reached a settlement of $90,000.

A third disclosure on his BrokerCheck report concerns a sanction by the Washington Securities Division. Filed in 2016, it alleged that he violated state securities law “by misrepresenting or failing to disclose material information in connection with the sale of [Life Partners, Inc.] life settlements.” It alleged further that he sold unregistered securities, and that he was unregistered as a securities salesperson or broker-dealer at the time he sold the settlements. In connection with these findings, he was ordered to cease and desist from further violations and fined $2,450.

Realta Wealth’s website includes a page describing the firm’s services as an independent wealth management company. “Our commitment to personalized support, innovative technologies and a full-service platform is grounded in a dynamic environment of mutual respect and uncompromised autonomy,” it explains. “We’re redefining community, celebrating independence and driving measurable results for advisors enabling them to hone their capabilities, identify growth opportunities and pursue their goals, on their terms.”

According to the Financial Industry Regulatory Authority, Don Wells holds 38 years of securities industry experience. Based in San Diego, California, he has been registered as a broker and an investment advisor with Realta Equities and Realta Investment Advisors, respectively, since 2023. His past registrations include Titan Securities, KMS Financial Services, Investment Advisors International, World Group Securities, WMA Securities, InterSecurities, and First American National Securities. His credentials include the passage of six securities industry qualifying exams: the Investment Company Products/Variable Contracts Principal Examination, or Series 26; the Securities Industry Essentials Examination, or SIE; the General Securities Representative Examination, or Series 7; the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the Uniform Investment Adviser Law Examination, or Series 65; and the Uniform Securities Agent State Law Examination, or Series 63. He is licensed in Idaho, Texas, and Washington. (Information current as of December 23, 2024.)

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