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 […]
Read More »
Tag Archives: ProEquities
ProEquities Fined For Failure To Supervise Annuities
August 25, 2016 | Posted by : Guiliano Law Group | Investment and Regulatory News, Variable Annuites | 0 Comments
ProEquities Fined for Failure to Supervise
November 25, 2015 | Posted by : Guiliano Law Group | Failure To Supervise, FINRA Securities Arbitration, Investment and Regulatory News, Unit Investment Trusts (UITs) | 0 Comments
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 […]
Read More »