Andrew James Pravlik, of Pittsburgh, Pennsylvania, a stockbroker formerly registered with Prospera Financial Services, Inc., has been terminated from employment on January 27, 2017, based upon allegations that he did make a written disclosure to the company in a manner that conformed to the firm’s policies.
This is not the first time that Pravlik has been fired for misconduct. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that on September 3, 2009, Pravlik was terminated from Hefren-Tillotson, Inc., based upon allegations that he executed faulty trades.
Pravlik has also fined and suspended from associating with any FINRA member in any capacity based upon consenting to findings that he falsified records concerning the nature of thirteen customers’ mutual fund redemptions. Letter of Acceptance, Waiver and Consent, No. 2009019656501 (May 6, 2010). FINRA found that Pravlik’s conduct was violative of FINRA Rules 2010 and NASD Conduct Rule 3110.
Moreover, on September 30, 2013, a customer filed an investment related written complaint involving Pravlik’s activities, wherein the customer’s claim was supported by allegations that Pravlik charged the customer with excessive commissions, omitted information about investment liquidations, and placed unit investment trust and variable annuity transactions despite the products having been unsuitable for the customer.
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