Bryce Pratt (CRD #7441260) Has a Civil Event Disclosure on FINRA BrokerCheck

Bryce Pratt (CRD #7441260) is a broker with a civil event disclosure on FINRA BrokerCheck. We reviewed his BrokerCheck report on May 7, 2026. It reflects one pending civil event. If you invested with Bryce Pratt and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Civil Charges

Bryce Pratt’s FINRA BrokerCheck Report reflects one pending civil event disclosure. A summary of the event is below:

On February 23, 2026, Todd R. Snyder filed an action in federal court. He filed as plan administrator for Terraform Labs Pte. Ltd., et al. He also filed for the Wind Down Trust. Bryce Pratt’s FINRA BrokerCheck report lists the matter as pending. The action was filed in the U.S. District Court for the Southern District of New York.

The complaint names Jane Street Group, LLC, Jane Street Capital, LLC, Bryce Pratt, Robert Granieri, and Michael Huang. It was filed for Terraform, the Luna Foundation Guard, and certain people tied to Terraform crypto tokens. The complaint says those people lost money in the tokens. The complaint also says the defendants violated federal securities and commodities laws.

Bryce Pratt’s FINRA BrokerCheck report lists cryptocurrency as the product type. It lists the docket as 26-cv-01536. The firm believes the complaint is meritless. It plans to contest the claims for itself and for the named individuals.

Rule Summary #1: FINRA Rule 2010 (Standards of Commercial Honor and Principles of Trade)

FINRA Rule 2010 requires members to observe high standards of commercial honor. Civil claims tied to securities activity may raise questions about industry standards.

Rule Summary #2: FINRA Rule 2020 (Use of Manipulative, Deceptive or Other Fraudulent Devices)

FINRA Rule 2020 bars manipulative, deceptive, or fraudulent devices in securities transactions. Civil claims involving securities laws may raise questions about trading conduct.

Why This Matters to Investors (Regulation Best Interest)

Regulation Best Interest (Reg BI) is a U.S. securities regulation. It strengthens the standard of conduct that broker-dealers owe to retail investors. It applies when they recommend securities transactions or investment strategies. The U.S. Securities and Exchange Commission adopted Reg BI. It became effective on June 30, 2020. Reg BI aims to protect investors while preserving access to brokerage products and services.

Reg BI requires broker-dealers and financial advisors to act in a retail customer’s best interest at the time of a recommendation. They must not place their own financial or other interests ahead of the customer’s. This standard is higher than the older “suitability” rule. Suitability meant a recommendation only had to be appropriate. It did not have to be the best option or free of conflicts.

Reg BI has four key obligations:

Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and the recommendation. This includes fees, the scope of services, and conflicts of interest.

Care Obligation – Broker-dealers must use reasonable diligence, care, and skill. They must consider costs, risks, and alternatives when making a recommendation.

Conflict of Interest Obligation – Firms must identify conflicts of interest. They must disclose them and mitigate or eliminate them. This includes conflicts that create incentives to favor one product over another.

Compliance Obligation – Firms must maintain policies and procedures. Those policies should be designed to ensure compliance with Reg BI as a whole.

Reg BI applies to each recommendation. It is not a continuous duty like the fiduciary standard for registered investment advisers. Even so, it narrows the gap. It puts more focus on costs, conflicts, and investor-focused decision-making.

Overall, Regulation Best Interest promotes transparency. It also aims to improve the quality of investment recommendations. It is designed to reinforce trust between retail investors and broker-dealers in the U.S. securities markets.

Background Information (from BrokerCheck)

Based on his FINRA BrokerCheck report, Bryce Pratt:

Is currently registered with Jane Street Capital, LLC.

Is registered with 27 self-regulatory organizations and 0 U.S. states or territories.

Has passed the Securities Industry Essentials (SIE) exam. Bryce Pratt has also passed Series 7TO and Series 57TO.

Has no prior securities-firm registrations listed in his BrokerCheck report.

Kurta Law Can Help

If you have worked with Bryce Pratt, Kurta Law may be able to help. This is especially true if you have concerns about his activity. To speak with Kurta Law, call 877-600-0098 or email info@kurtalawfirm.com.

Helpful resources: Securities Fraud | Securities Attorney

For nearly 20 years, Kurta Law has advocated for investors and helped hold financial professionals accountable. Our firm represents clients nationwide in securities arbitration and related disputes. If you believe a broker or firm mishandled your account, an attorney can review the facts. An attorney can also explain possible next steps.