Texas Issues Letter of Reprimand for Brian Prasifka

Brian Prasifka (CRD #: 2505090), a broker registered with Gradient Securities, was the subject of a Texas regulatory action, according to his BrokerCheck record, accessed on July 5, 2023. If you want to know more about his alleged conduct as a broker, read on.

Texas Regulatory Action

On April 27, 2023, the State of Texas issued a Letter of Reprimand alleging that Brian Prasifka was charged with a felony offense on May 7, 2019, but failed to report the charge on his Uniform Application for Securities Industry Registration or Transfer (Form U4) until February 8, 2023.

The state stated that this alleged failure to report the felony charge to the Securities Commissioner within 30 days violated Section 115.9(a)(2) of the Texas Securities Board Rules.

Texas Securities Board Rules

Section 115.9(a)(2) of the Texas Securities Board Rules requires registered securities dealers to report any felony criminal actions or convictions to the Securities Commissioner within 30 days of their entry against them.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

Criminal Charges

On May 7, 2019, Brian Prasifka was charged with a third-degree felony that was later reduced to a second-degree misdemeanor. 

Background Information

Brian Prasifka has passed the following exams:

• Series 63 – Uniform Securities Agent State Law Examination
• Series 65 – Uniform Investment Adviser Law Examination
• SIE – Securities Industry Essentials Examination
• Series 6 – Investment Company Products/Variable Contracts Representative Examination

Brian Prasifka is a registered broker in Texas.

He has also worked for the following firms:

• Rhodes Securities (CRD#:19610)
• Princor Financial Services (CRD#:1137)
• One Orchard Equities (CRD#:42124)
• The Great-West Life Assurance Company (CRD#:5927)

Kurta Law Can Help

If you worked with Brian Prasifka 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.