Joseph Pratt – Financial Advisor/Broker Joseph Pratt Barred from Securities Industry | Goodman & Nekvasil P.A., May Recover Investor Losses
Joseph Pratt CRD #719416
Joseph Pratt is a currently licensed financial advisor with Stifel, Nicolaus & Company, Inc. According to FINRA, Joseph Pratt was barred from the securities industry in September 2019.
According to FINRA:
From at least 2013 to 2014, while employed at Wells Fargo, Joseph Pratt obtained confidential information he received from insiders at a public, biopharmaceutical company (“Company A”) and misused the confidential information by communicating it to several of Joseph Pratt Firm customers. As a result, Joseph Pratt violated FINRA Rule 2010. From 2009 through 2013, Joseph Pratt personally invested approximately $119,000 in stock of a private, start-up company (“Company B”). Joseph Pratt also solicited six individuals, five of whom were his Wells Fargo customers, to participate in the investment of approximately $436,000 in shares of Company B. Joseph Pratt failed to provide the required prior written notice to and receive prior approval from Wells Fargo regarding both his personal investments and the investments of his Wells Fargo customers, in violation of NASD Rule 3040 and FINRA Rule 2010.
According to Joseph Pratt’s CRD:
A customer dispute was filed alleging sales practice violations against Joseph Pratt. The client alleges Joseph Pratt placed accounts in high risk stocks even though she asked that they not be invested in anything that could lose money. This customer dispute was settled for $20,000.
Goodman & Nekvasil P.A. May Recover Investor Losses
If you lost money on investments with Joseph Pratt and believe the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action concerning Joseph Pratt’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $180 million on behalf of victimized investors. If you lost money on investments with Joseph Pratt and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
Joseph Pratt, Investment Fraud Attorney, Stockbroker Misconduct Disciplinary Actions, Unsuitable Investment Advice, Investment Fraud, Churning, Misrepresentation and Omission of Material Facts, Elder Fraud, Unauthorized Trading, Theft, Selling Away, Unapproved Outside Business, Nationwide, PIABA, SEC, Securities Exchange Commission, NASD, National Association of Securities Dealers, NASDAQ, Dow Jones, Wall Street, New York Stock Exchange, Joseph Pratt