Michael Pinkans Files for Bankruptcy

Michael Pinkans (CRD #: 2396260), a broker formerly registered with The Leaders Group, has filed for bankruptcy, according to his BrokerCheck record, accessed on April 9, 2025. Keep reading for details.

Bankruptcy

On February 3, 2025, Michael Pinkans filed for bankruptcy. This is currently pending.

Termination from Pruco Securities

On June 11, 2021, Pruco Securities fired Michael Pinkans, alleging that he submitted an application for a product that was not in his client’s best interest, paid a third-party administration a finder/referral fee in violation of firm policy, failed to receive approval to engage in a paid referral relationship, and sent correspondence not approved by the firm.

Regulation Best Interest

Regulation Best Interest (Reg-BI) is an SEC regulation that requires brokerage firms to put their clients’ best interests first. For example, firms must conduct reasonable due diligence when researching investments to ensure their recommendations are suitable for the investor.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Violations of many other rules may also qualify as violations of FINRA Rule 2010.

Civil Lien

On September 6, 2020, Michael Pinkans incurred a civil lien of $4,877,800.01.

Background Information

Michael Pinkans has passed the following exams:

• General Securities Principal Examination – Series 24
• Securities Industry Essentials Examination – SIE
• General Securities Representative Examination – Series 7
• Uniform Securities Agent State Law Examination – Series 63
• Uniform Investment Adviser Law Examination – Series 65

He previously worked for the following firms:

• The Leaders Group (CRD#:37157)
• Pruco Securities (CRD#:5685)
• Voya Financial Advisors (CRD#:2882)
• Equity Services (CRD#:265)

Kurta Law Can Help

If you worked with Michael Pinkans 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 that 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.