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Joseph Pratt Resigned From a Former Employer Following Alleged Rule Violations

Joseph Pratt

Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on March 6, 2018 indicate that Pennsylvania-based Stifel Nicolaus & Company broker/adviser Joseph Pratt has received resolved or pending customer disputes. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Pratt (CRD# 719416).

Joseph Pratt has spent 37 years in the securities industry and has been registered with Stifel Nicolaus & Company in Conshohocken, Pennsylvania since 2014. Previous registrations include Wells Fargo Advisors in Wayne, Pennsylvania (2008-2014); AG Edwards & Sons in Radnor, Pennsylvania (2000-2008); Fahnestock & Company in New York, New York (1992-2000); and WH Newbold’s Son & Company (1980-1991). He has passed three securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on September 24, 2016; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on December 8, 1980; and Series 7 (General Securities Representative Examination), which he obtained on November 15, 1980. He is a registered broker and investment adviser with 12 US states: Arizona, California, Colorado, Connecticut, Delaware, Florida, Massachusetts, Missouri, New Hampshire, New York, Pennsylvania, and Texas. He is registered with six self-regulatory organizations (SROs): CBOE BZX Exchange, FINRA, NYSE American, Nasdaq PHLX LLC, the Nasdaq Stock Market, and the New York Stock Exchange.

According to his BrokerCheck report, he has received one customer complaint and one pending customer complaint, and he resigned from a former employer in connection to alleged rule violations.

In November 2017 a customer alleged Joseph Pratt, while employed at Wells Fargo Advisors, placed accounts in high risk stocks even though the client had requested that they not be invested in “anything that could lose money.” The customer is seeking more than $62,000 in damages in the pending complaint.

In 2014 he submitted his voluntary resignation from Wells Fargo Advisors in connection to a firm review of his relationship with two outside companies and “certain clients investing in a private investment not associated with Wells Fargo.”

In 2009 a customer alleged Joseph Pratt, while employed at Wells Fargo Advisors, did not disclose a contingent deferred sales charge at the time of purchase. The complaint settled for more than $48,500.

If you or someone you know has complaints regarding Joseph Pratt, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recover lost funds. All cases are taken on contingency: we only receive payment if and when you collect money. Time to file your claim may be limited, so we suggest you avoid delay. Call 877-238-4175 now to speak to an attorney for free.

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