Karla Ranger Moons (also known as Karla Dawn Ranger), of Mobile, Alabama, a stockbroker previously associated with Concourse Financial Group Securities, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Moons failed to respond to FINRA requests for information. Case No. 2022075810901 (July 17, 2023). FINRA initially…
Adam S. Feierstein of Redondo Beach, California, a stockbroker registered with Concourse Financial Group Securities Inc. (FKA ProEquities), is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $400,000.00 in damages based upon allegations that Feierstein made the unsuitable investment recommendation of variable annuities when Feierstein was…
Adam S. Feierstein of Redondo Beach California a stockbroker formerly registered with Woodbury Financial Services Inc. is the subject of a customer initiated investment related complaint in which the customer requested more than $5,000.00 in damages supported by accusations of misrepresentations as it pertained to a variable annuity purchased by them when Feierstein was associated…
Adam S. Feierstein of Redondo Beach California a stockbroker formerly registered with ProEquities Inc. has been discharged by the securities broker dealer on October 28, 2020 founded on allegations that Feierstein engaged in unauthorized private security transactions and had concealed his communications about securities business from ProEquities. Financial Industry Regulatory Authority (FINRA) Public Disclosure also…
Narinder Kaur Singh (also known as Narinder Dutt) of Sacramento California a stockbroker formerly employed by ProEquities Inc. and Farmers Financial Solutions LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that she failed to cooperate with a FINRA investigation into accusations of her…
Ronald Dean Clark of Tampa Florida a stockbroker formerly registered with ProEquities Inc. and Summit Brokerage Services Inc. is referenced in a customer initiated investment related arbitration claim which was resolved for $99,990.00 in damages founded on allegations that (1) misrepresentations had been made by the stockbroker in regard to real estate securities (2) the…
Roger Dale Davis of Ooltewah Tennessee a stockbroker currently employed by ProEquities Inc. is the subject of a customer initiated investment related complaint on June 27, 2019 in which the customer sought $180,000.00 in damages supported by accusations that (1) the customer had been misled by Davis as it concerned the nature of unit investment…
Bradley John Freimark of Otsego Minnesota a stockbroker formerly registered with ProEquities Inc. is the subject of a customer initiated investment related arbitration claim which settled for $100,000.00 in damages founded on accusations that (1) misrepresentations were made to the customer and (2) the customer’s assets were inappropriately invested in D&L Energy 2010 Ltd. –…
Rick Dean Holt (also known as Rickie Dean Rasmussen) a formerly ProEquities Inc. registered representative has been discharged by ProEquities on July 27, 2018 based upon accusations that Holt failed to inform the firm about his outside business activities concerning another broker dealer or investment advisory. Financial Industry Regulatory Authority (FINRA) Public Disclosure additionally reveals…
Clifford William Shirah of Blue Ridge Georgia a stockbroker formerly registered with ProEquities Inc. is the subject of a State of Michigan Department of Licensing and Regulatory Affairs Securities Bureau Order which denied Shirah’s securities agent registration in Michigan based upon findings that Shirah engaged in unethical or dishonest conduct involving customers. In the Matter…
Ricky Mills Higgins of Spartanburg South Carolina a stockbroker formerly employed by ProEquities Inc. has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he utilized signed but otherwise blank forms to effect mutual fund transactions in…
Matthew Charles Woodard of Farmington Connecticut a stockbroker formerly registered with ProEquities Inc. has been fined $20,000.00 and barred by the Connecticut Department of Banking from transacting business in Connecticut as an investment advisor agent or broker-dealer agent according to a Consent Order containing findings that Woodard transacted business with a Connecticut investor while unregistered…
Mandie Josephine Peters of Calverton Maryland a stockbroker formerly registered with ProEquities Inc. is the subject of a customer initiated investment related written complaint on October 21, 2016 in which the customer requested $75,000.00 in damages supported by allegations that Peters (1) made unsuitable investment recommendations to the customer concerning the liquidation of the customer’s…
Ronald Dean Clark of Tampa Florida a stockbroker currently registered with Summit Brokerage Services Inc. has been referenced in a customer initiated investment related arbitration claim where the customer sought $450,000.00 in damages based upon allegations that (1) the customer’s account was mishandled (2) transactions were placed in the customer’s account that were not suitable…
Matthew Clary Smith, of Spartanburg, South Carolina, a stockbroker formerly registered with ProEquities, Inc., has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he utilized customer account documentation in an unauthorized manner to effect investment transactions….
Raymond Willis Harrison, a stockbroker formerly associated with ProEquities, Inc. has been named in a customer initiated investment related arbitration claim on October 12, 2016, in which the customer has requested $603,000.00 in damages based upon allegations that Harrison made omissions to the customer concerning investments, did not conduct a reasonable level of due diligence…
ProEquities, Inc., headquartered in Birmingham, Alabama, was censured and fined $200,000.00 by Financial Industry Regulatory Authority (FINRA) after consenting to findings that the firm failed to supervise non-traditional exchange-traded funds and variable annuities. Letter of Acceptance, Waiver and Consent, No. 2014039418801 (Aug 8, 2016). According to the AWC, from January of 2008 through April of…
ProEquities, Inc. was censured and fined $165,000 by Financial Industry Regulatory Authority (FINRA) for failing to apply sales charge discounts to certain customers’ eligible purchases of unit investment trusts (“UITs”) in violation of FINRA Rule 2010; as well as failing to establish, maintain and enforce a supervisory system and written supervisory procedures reasonably designed to…