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.
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.
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.
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.