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Andrew Pravlik Has Been the Subject of Two Regulatory Sanctions

Andrew PravlikPublicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on November 30, 2017 indicate that Pennsylvania-based Coastal Equities broker/adviser Andrew Pravlik is involved in a pending customer dispute and was discharged from a former employer in connection to alleged rule violations. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Pravlik (CRD# 2360456).

Andrew Pravlik has spent 19 years in the securities industry and has been registered with Coastal Equities in Pittsburgh, Pennsylvania since February 2017. Previous registrations include Prospera Financial Services in Pittsburgh, Pennsylvania (2011-2017) and Hefren-Tillotson in Pittsburgh, Pennsylvania (1996-2009). He has passed three securities industry examinations: Series 66 (Uniform Combined State Law Examination), which he obtained on June 18, 2002; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on August 1, 1996; and Series 7 (General Securities Representative Examination), which he obtained on July 22, 1996. He is a registered broker and investment adviser with 20 US states and territories: Arizona, California, Connecticut, Florida, Maine, Maryland, Massachusetts, Michigan, Montana, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, Washington and West Virginia.

According to his BrokerCheck report, he has received two regulatory sanctions and one pending customer complaint, and was discharged from two former employers in connection to alleged rule violations.

In October 2017 a customer alleged Andrew Pravlik, while employed at Prospera Financial Services, recommended unsuitable investments in insurance products, real estate securities, and a unit investment trust. The customer is seeking $175,000 in damages in the pending complaint.

In January 2017 he was terminated from his position at Prospera Financial Services following allegations he violated firm policy by failing to submit a written correspondence.

In 2010 FINRA sanctioned him following allegations that in effecting mutual fund redemptions for customers, he falsely coded redemption requests, ultimately causing the firm’s records to be inaccurate. He was issued a 90-day suspension and a fine of $5,000.

In 2009 he was terminated from his position at Hefren-Tillotson in connection to an investigation into whether an order entry complied with industry standards.

If you have lost money investing with Andrew Pravlik, call Fitapelli Kurta at 877-238-4175 without delay. You may be entitled to recoup your losses. We accept all cases on contingency: Fitapelli Kurta only gets paid if and when you collect money. Time to file your claim may be limited by law, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.

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