Haselkorn & Thibaut has opened an investigation into Plano, Texas financial advisor Wayne Hast (CRD# 6382578) of Realta Equities and Crescent Advisor Group. If you are an investor who worked with Wayne Hast, it is essential to be aware of recent disclosures, the advisor’s professional background, and what steps you can take if you have concerns about your portfolio or financial losses.
Wayne Hast – Background and Licensing
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Wayne Hast is a registered broker at Realta Equities and an investment advisor at Crescent Advisor Group (doing business as Hast Financial Group) in Plano, Texas. He has been in the securities industry for over a decade and holds registrations in several states, including California, Florida, Texas, and Virginia among others.
| Advisor Name | Wayne Hast |
|---|---|
| CRD Number | 6382578 |
| Current Broker-Dealer | Realta Equities LLC |
| Current Investment Adviser | Crescent Advisor Group, Inc. (d/b/a Hast Financial Group) |
| Previous Broker-Dealer | Titan Securities, Inc. (2014-2023) |
His qualifications include passing the Securities Industry Essentials Examination (SIE), Series 7, and Series 66 exams—credentials required to offer general securities advice and manage a client’s investment portfolio. Wayne Hast is licensed across 14 states, providing him with a broad client base and significant industry reach.
Investor Complaints and Current Disclosures
Understanding an advisor’s background is crucial, and recent disclosure information is especially relevant:
- November 2025 Investor Complaint – $240,000 Alleged Damages: A customer initiated a complaint alleging that, while affiliated with Realta Equities and Titan Securities, Mr. Hast failed to properly supervise and ensure compliance with an internal policy limiting client exposure to alternative investments to 35%. The complaint claims that a greater percentage allocation was allowed, resulting in over-concentration, potentially exposing the client to unnecessary risk and alleged damages of $240,000. The complaint is currently pending.
It’s important to note that as of the latest available records, there are no regulatory or disciplinary actions, no state or SEC investigations, and no reported civil lawsuits or bankruptcy filings involving Wayne Hast. Apart from this pending complaint, his record has been clear, according to available FINRA BrokerCheck data (see BrokerCheck).
Red Flags to Watch For: What Investors Need to Know
One of the most significant allegations here is the issue of “over-concentration,” which is when too much of a client’s portfolio is allocated into one type of investment or asset class. According to industry guidance, over-concentration can expose investors to a higher risk of loss if that investment segment underperforms. Key points to consider:
- Advisor’s Responsibility: Investment professionals must recommend strategies that align with clients’ financial goals, risk tolerance, and needs. Exceeding firm-imposed or regulatory concentration limits can be a sign of poor supervision.
- Compliance Policies: Firms often set internal policies to prevent excessive investment concentration, especially in higher-risk assets like some alternative investments.
- Risk of Alternative Investments: Alternative investments can offer diversification, but they often come with increased complexity and illiquidity, making proper allocation crucial.
If you are an investor worried about concentration levels in your own portfolio, these are red flags that should prompt a review by an independent professional.
Summary Table: Complaints and Disclosures for Wayne Hast
| Date | Allegation | Status | Damages Claimed |
|---|---|---|---|
| November 2025 | Failure to ensure compliance with internal investment limits; over-concentration in alternatives | Pending | $240,000 |
No additional regulatory actions, arbitrations, civil lawsuits, or bankruptcy filings are associated with Mr. Hast as of the most recent review.
Professional Experience at Realta Equities, Crescent Advisor Group, and Previously Titan Securities
Wayne Hast’s career spans over 11 years, with experience at Realta Equities (since 2023), Crescent Advisor Group (since 2022), and previously Titan Securities in Rowlett, Texas (2014-2023). Throughout his tenure, he has built a substantial client base and worked with portfolios across various asset classes and strategies.
What This Means for Investors
Investors place immense trust in their advisors. If compliance policies designed to protect clients are not followed, the risk to an investor’s capital can increase substantially. Over-concentration in alternative investments, especially when not suited to a client’s individual risk profile, may result in unnecessary losses.
If you are a past or current client of Wayne Hast—or Realta Equities, Crescent Advisor Group, or Titan Securities—and have concerns about how your account has been managed, or if you experienced investment losses, it may be prudent to seek a professional review.
Take Action: Request a Free, Confidential Case Evaluation
Haselkorn & Thibaut (investmentfraudlawyers.com) is currently investigating Wayne Hast and related matters on behalf of investors. With over 50 years of experience, a 98% success rate, and millions recovered for clients nationwide, they offer tailored guidance and a “no recovery, no fee” policy.
- If you received a recommendation to over-concentrate in alternative investments, or were not informed of the risks involved, you may have recourse.
- It costs nothing to have your portfolio reviewed for possible mismanagement or fraud.
- All consultations are confidential and without obligation.
Call Haselkorn & Thibaut at 1-888-994-8066 today for your free consultation. Take action now to protect your investments and your financial future. If you have concerns about advice received from Wayne Hast in Plano, Texas at Realta Equities or Crescent Advisor Group, professional help is only a phone call away.
