Last Updated: August 2025 — Pittsburgh, Pennsylvania
Here’s what you need to know about Pittsburgh, PA, stockbroker Andrew James Pravlik:
- Name: Mr. Andrew James Pravlik
- CRD Number: 2360456
- Current Status: Not currently registered with any FINRA-member firm
- Recent Employers:
- World Capital Brokerage, Inc. (Pittsburgh, PA) — 02/2023 to 03/2024
- Coastal Equities, Inc. (Pittsburgh, PA) — 02/2017 to 12/2022
- Prospera Financial Services, Inc. (Pittsburgh, PA) — 08/2011 to 02/2017
- Hefren-Tillotson, Inc. (Pittsburgh, PA) — 07/1996 to 09/2009
- Function: Stockbroker / Financial Advisor
- Other Business Affiliations: Pittsburgh Financial Group , Coastal Insurance Consulting , Seattle Financial Group, Seattle Wealth Management
- Can Andrew Pravlik be sued in FINRA arbitration? Yes
- Sanctioned by FINRA? Yes
- Employment Separation after Allegations? Yes
- Highest Settlement or Award: $100,000
- Pending Customer Dispute Seeks Damages of $175,000
If you’ve sustained damages from Mr. Pravlik, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Andrew Pravlik As Your Stockbroker?
- FINRA Regulatory Action (May 6, 2010; Case No. 2009019656501):
Pravlik was sanctioned for violating FINRA Rule 2010 and NASD Rule 3110. While with Hefren-Tillotson, he falsely coded mutual fund redemptions as Required Minimum Distributions (RMDs), improperly avoiding contingent deferred sales charges. This misconduct infringed on the rights of mutual fund companies and caused inaccurate firm records. Pravlik accepted a $5,000 fine and a 90-day suspension (May 17 – August 14, 2010) under an Acceptance, Waiver & Consent (AWC). - FINRA Arbitration Case No. 23-02376 (Filed August 2023):
Customers of Coastal Equities alleged Pravlik recommended unsuitable alternative investments. The was settled for $100,000 2/ 2025. - FINRA Arbitration Case No. 21-02758 (Filed November 2021):
Customers of Prospera Financial alleged breach of fiduciary duty, fraud, negligence, and failure to supervise related to a real estate security. The claim settled for $29,000 9/ 2022. - Civil Litigation in Pennsylvania State Court (Case No. GD-17-017389):
Alleging unsuitable investments in insurance, real estate securities, and unit investment trusts, this lawsuit has been ongoing since 2017, with an appeal filed in 2019. - Termination by Hefren-Tillotson, Inc. (September 2009):
Pravlik was discharged after the firm investigated whether his order entries complied with industry standards.
If you’ve sustained damages from Mr. Pravlik, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Allegations of Broker Misconduct Against Andrew Pravlik
- False coding of mutual fund redemptions to avoid sales charges
- Unsuitable investment recommendations involving alternative investments and real estate securities
- Breach of fiduciary duty
- Failure to supervise
- Negligence
- Fraud
FINRA Rule 2111 requires brokers to ensure investment recommendations are suitable based on a customer’s investment profile. Rule 2010 obligates brokers to adhere to high standards of commercial honor and just and equitable principles of trade.
Recover Your Investment Losses Now With Rex Securities Law
Investigations of Prospera Financial Brokers
If you have suffered investment losses in an account handled by Andrew James Pravlik, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL, and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors, and broker-dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.