Tag Archives: ProEquities

ProEquities Fined For Failure To Supervise Annuities

August 25, 2016  |   Posted by :   |   Investment and Regulatory News, Variable Annuites   |   0 Comments

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 […]

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ProEquities Fined for Failure to Supervise

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 […]

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