Haselkorn & Thibaut Opens Investigation into Rikki Foster of Concorde Investment Services
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Haselkorn & Thibaut, a leading national securities fraud law firm with over 50 years of experience and a 98% success rate, has opened an investigation into financial advisor Rikki Foster following a significant investor complaint alleging $700,000 in damages. If you’ve suffered investment losses while working with Mr. Foster or RegalStone Wealth Management, you may have options for recovery.
Understanding the Recent Complaint Against Rikki Foster
In September 2025, an investor filed a formal complaint against Rikki Foster (CRD# 6075051), a financial advisor based in Roseville, California. The complaint raises serious concerns that every investor should understand:
| Allegation | What This Means for Investors |
|---|---|
| Breach of Fiduciary Duty | Failed to act in the client’s best interest |
| Unsuitable Recommendations | Suggested investments not appropriate for the client’s situation |
| Breach of Contract | Failed to honor agreed-upon terms |
| Misrepresentation | Provided false or misleading information about investments |
The $700,000 in alleged damages represents a substantial loss for any investor. While this complaint remains pending, its serious nature warrants attention from anyone who has invested through Mr. Foster or his firm.
Who Is Rikki Foster? A Closer Look at His Background
Rikki Foster operates as both a broker and investment advisor through multiple entities:
- Broker Registration: Concorde Investment Services (since 2019)
- Investment Advisor Registration: Concorde Asset Management (since 2023)
- Business Name: RegalStone Wealth Management
- Position: Founder and President
With 12 years in the securities industry, Mr. Foster has worked with various firms throughout his career. His credentials include passing three key securities examinations and maintaining licenses in 22 states. As the founder of RegalStone Wealth Management, he works with individuals, families, and businesses in developing investment strategies.
Red Flags Investors Should Watch For
When evaluating any financial advisor, including Rikki Foster, consider these important warning signs:
1. Misrepresentation of Investment Details
If your advisor provided information about an investment that turned out to be false or misleading, this could constitute misrepresentation. Always verify investment details independently and ask for everything in writing.
2. Recommendations That Don’t Match Your Goals
Every investment should align with your financial situation, risk tolerance, and long-term objectives. Unsuitable recommendations occur when advisors push products that benefit them more than you.
3. Unexplained Losses or Account Activity
Regular account statements should clearly show all activity. If you notice unexpected transactions or can’t get clear explanations for losses, this merits immediate attention.
4. Pressure to Make Quick Decisions
Legitimate investment opportunities rarely require immediate action. Be cautious if you feel rushed into making investment decisions without adequate time for review and consideration.
What Should You Do If You’ve Suffered Losses?
If you’ve experienced investment losses while working with Rikki Foster or any financial advisor, taking prompt action is crucial:
- Document Everything: Gather all account statements, correspondence, and notes from meetings
- Calculate Your Losses: Determine the actual amount lost, including any fees or commissions paid
- Understand Your Rights: Securities laws protect investors from misconduct
- Seek Professional Guidance: An experienced securities attorney can evaluate your situation
Why Timing Matters in Investment Loss Cases
Investment loss cases have strict time limits known as statutes of limitations. The clock typically starts when you discover or should have discovered the issue. Waiting too long could mean losing your right to seek recovery, making prompt action essential.
How Haselkorn & Thibaut Can Help
With over five decades of experience representing investors nationwide, Haselkorn & Thibaut understands the complexities of securities fraud cases. The firm has:
- Recovered millions of dollars for clients who suffered investment losses
- Maintained a 98% success rate in securities arbitration and litigation
- Operated on a no recovery, no fee basis, meaning you pay nothing unless they recover funds for you
Their team thoroughly investigates each case, examining account records, investment recommendations, and advisor conduct to build the strongest possible claim for recovery.
Take Action Today: Free Consultation Available
If you’ve invested with Rikki Foster through Concorde Investment Services, Concorde Asset Management, or RegalStone Wealth Management and suffered losses, you don’t have to navigate this situation alone. Understanding your options starts with a simple conversation.
Haselkorn & Thibaut offers free, confidential consultations to help you understand your rights and potential paths to recovery. Their experienced team can review your situation and provide honest guidance about your options.
Don’t wait to explore your options. Call Haselkorn & Thibaut today at 1-888-628-5590 for your free consultation.
Investment losses can be devastating, but you may have legal recourse. Whether you’re dealing with unsuitable recommendations, misrepresentations, or other forms of advisor misconduct, taking the first step toward recovery begins with understanding your rights. Contact Haselkorn & Thibaut at 1-888-628-5590 to discuss your situation with a team that has helped investors nationwide recover from financial losses.
