FINRA has permanently barred former Signator Investors broker Joseph Pratte after he refused to provide information in response to an investigation into allegations that he engaged in undisclosed outside business activities.
Pratte worked for Signator Investors from 1982 until December 18, 2017 when he was discharged for allegedly failing to disclose his participation in outside business activities. After Signator Investors reported the termination to the securities regulators, FINRA opened an investigation and requested additional information from Pratte. While Pratte admitted to receiving the requests, he asserted that he would not cooperate with the investigation. On May 1, 2018, he was permanently barred from acting as a broker or otherwise associating with a broker-dealer firm.
Did You Suffer Financial Losses After Working with Joseph Pratte?
We Have Recovered Over
$350 Million for Our Clients Nationwide.
Outside business activities are strictly regulated because they often put investors at significant risk for suffering financial losses. Under FINRA rules, brokers are required to disclose outside business activities and obtain approval from their brokerage firm prior to engaging in outside activities.
If you invested with Joseph Pratte suffered investment losses, the attorneys at Meyer Wilson would like to speak with you to explore your legal options. Call our office today at (614) 532-4576 for a free consultation and let’s discuss your options.
Related Posts:
- SEC Charges Transamerica Entities $97 Million Over Faulty Investment Models
- Meyer Wilson’s Investigation into Next Financial Group
- First Financial Equity Corporation Broker Jeffrey Sigman Fired Amidst Regulatory Investigation
Recovering Losses Caused by Investment Misconduct.