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Andrew Pravlik Embroiled in Multiple Investor Disputes

May 6, 2022 Failure to Supervise

Andrew Pravlik (CRD #: 2360456), a broker registered with Coastal Equities, is involved in several investor disputes, according to his BrokerCheck record, accessed on April 29, 2022. Keep reading if you have questions about Andrew Pravlik’s conduct as a broker.

Investor Disputes

In a pending dispute filed on January 4, 2022, an investor alleges Andrew Pravlik committed fraud, failed to supervise, breached his contract, and engaged in negligent conduct overall. The client seeks $100,001 in damages.

On October 26, 2017, an investor filed a dispute alleging Andrew Pravlik placed their accounts in unsuitable investments. They seek $175,000 in damages in this pending dispute.

FINRA Rules 3110

FINRA Rule 3110 requires firms to establish and maintain systems of supervision to ensure compliance with FINRA regulations.

FINRA Rule 2111

Brokers must make suitable investment recommendations to comply with FINRA Rule 2111. This involves taking into account the information in investors’ profiles, such as their age, other investments, and risk tolerance when making recommendations.

Investors who rely on brokers for investment recommendations may be able to recoup their losses by pursuing FINRA arbitration.

FINRA Rules 2020 and 2010

FINRA Rule 2020 prohibits the use of manipulative, deceptive, and fraudulent tactics to influence the sale and purchase of securities.

Often, violations of Rule 2020 and other regulations are automatic violations of Rule 2010, which requires brokers to meet high standards of professional conduct.

Background Information

Andrew Pravlik has passed the following exams:

  • Series 66 - Uniform Combined State Law Examination
  • Series 63 - Uniform Securities Agent State Law Examination
  • SIE - Securities Industry Essentials Examination
  • Series 7 - General Securities Representative Examination

Andrew Pravlik is a registered broker in 22 states and a registered investment adviser in Pennsylvania.

He has also worked for Prospera Financial Services (CRD#:10740) and Hefren-Tillotson (CRD#:53).

Kurta Law Can Help

If you worked with Andrew Pravlik and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.