ProEquities, Inc. Investment Losses
Did you lose money investing with ProEquities, Inc.?
Founded in 1986, ProEquities, Inc. is a full-service brokerage firm based
in Birmingham, Alabama. ProEquities is a wholly-owned subsidiary of Protective
Life Insurance Company and has more than 1,200 independent registered
representatives and financial advisors throughout the 50 states.
Past Misconduct by ProEquities and Its Registered Brokers
ProEquities, Inc. is a securities brokerage firm licensed by FINRA. As
a licensed brokerage firm, ProEquities is responsible for acting in the
best interests of its clients. When ProEquities or its registered brokers
violate securities industry regulations, which are put in place to keep
investors safe, FINRA can fine them or take other disciplinary actions.
In May of 2011, a FINRA arbitration panel ordered ProEquities to pay more
than $1.5 million to a group of Atlanta investors. The class of investors
claimed that ProEquities was negligent and violated FINRA rules, leading
to more than a million in wrongful losses. And in
March of 2009, FINRA fined ProEquities for failures in
mutual fund reviews.
What To Do If You're a Victim of Investment Misconduct
If you lost a substantial amount of money after investing with ProEquities,
typically more than $75,000, we invite you to contact an investment loss
lawyer at Meyer Wilson. Stockbrokers and brokerage firms have a duty to
act in their clients' best interests. Unfortunately, in an attempt
to act in their own best interests, brokers and firms can participate in
fraud and other types of misconduct that harms the investor. That's where
Meyer Wilson steps in.
Contacting Securities Litigation Lawyers
When brokers at ProEquities, Inc. act in their own interest instead of
yours, you will need a skilled and experienced ally to pursue an investment
fraud claim against them. Meyer Wilson can be your ally—with 50
years of collective experience recovering hundreds of millions of dollars
for victims of securities fraud, we have the necessary insight and resources
to conduct successful claims against large brokerage firms. Our investment
loss lawyers can conduct claims in arbitration with FINRA and AAA, as
well as privately, but Meyer Wilson attorneys also seek action against
firms in state and federal courts nationwide. Our firm even represents
clients internationally who have claims against United States investment firms.
If a ProEquities broker caused you over $75,000 in losses, you may be able
to recover your losses through a claim assisted by Meyer Wilson. Contact us for a
free case consultation.