Realta Investment Advisors, Inc

Allegations: AS PART OF THE SECURITIES EXCHANGE COMMISSION'S (SEC) MUTUAL FUND SHARE CLASS SELECTION DISCLOSURE INITIATIVE, THE SEC ENCOURAGED INVESTMENT ADVISERS TO SELF-REPORT THE FAILURE TO ADEQUATELY DISCLOSE CONFLICTS OF INTEREST ASSOCIATED WITH THE RECOMMENDATION OR SELECTION OF A MUTUAL FUND SHARE CLASS THAT CHARGED DISTRIBUTION FEES ("12B-1 FEES") WHEN A LOWER-COST SHARE CLASS OF THE SAME FUND EXISTED. FOR COMPANIES WHO SELF-REPORTED, THE SEC INDICATED IT WOULD RECOMMEND FAVORABLE STANDARDIZED SETTLEMENT TERMS, INCLUDING NO PENALTIES. COASTAL ELECTED TO JOIN THE SEC'S INDUSTRY-WIDE VOLUNTARY INITIATIVE REGARDING FEES COLLECTED ON CERTAIN MUTUAL FUND CLASSES BETWEEN 2014 AND 2018. COASTAL WILL REFUND THE ASSOCIATED 12B-1 FEES AND INTEREST TO CLIENTS WHO HELD THOSE TYPES OF FUNDS DURING THIS TIME PERIOD. Status: Final Sanction Detail: DISGORGEMENT TOTAL AMOUNT IS $69,167.81 PLUS INTEREST IN THE SUM OF $6,976.27. Summary: THE STATUS OF THIS ACTION IS A FINAL ORDER.

Allegations: THE SEC ALLEGES THAT THE FIRM FAILED REASONABLY TO SUPERVISE ITS FORMER CEO BY NOT HAVING IN PLACE, UNTIL 2013, REASONABLE POLICIES AND PROCEDURES FOR THE CREATION, USE AND REVIEW OF A CERTAIN TYPE OF CONSOLIDATED REPORTS. THE FIRM CONSENTED TO ENTRY OF AN ORDER OF CENSURE AND A FINE. Status: Final Sanction Detail: TOTAL FINE IS $40000, AND $40000 LEVIED AGAINST THE FIRM'S AFFILIATE, COASTAL EQUITIES, INC. AS TO BOTH FIRMS, THE SUM OF $5000 WAS DUE WITHIN TEN (10) DAYS OF THE DATE OF THE ORDER, AND THE REMAINDER DUE WITHIN 360 DAYS OF THE ORDER. THE FIRM HAS PAID THE $5000 IN A TIMELY MANNER. THE FIRM'S AFFILIATE HAS PAID THE TOTAL FINE APPORTIONED TO IT IN FULL. Summary: TOTAL FINE IS $40000, AND $40000 LEVIED AGAINST THE FIRM'S AFFILIATE, COASTAL EQUITIES, INC. AS TO BOTH FIRMS, THE SUM OF $5000 WAS DUE WITHIN TEN (10) DAYS OF THE DATE OF THE ORDER, AND THE REMAINDER DUE WITHIN 360 DAYS OF THE ORDER. THE FIRM HAS PAID THE $5000 IN A TIMELY MANNER. THE FIRM'S AFFILIATE HAS PAID THE TOTAL FINE APPORTIONED TO IT IN FULL.