Last Updated: May 2026 (Melbourne, FL)
Art McPherson Investigation Summary
Here’s what you need to know about Melbourne, FL, stockbroker and Registered Investment Advisor Art McPherson:
- Name: Mr. Arthur Roy McPherson, II
- Current Employer: World Equity Group, Triumph Wealth Advisors (RIA), Prostatis Financial Advisors (RIA)
- DBA: McPherson Financial Group
- Previous Firms: Taylor Capital Management, Sterne Agee Financial Services
- Other Business Affiliations: Triumph Wealth Advisors
- Podcast: The Art of Money with Art McPherson
- Function: Stock Broker/ Financial Advisor/ Registered Investment Advisor
- Aliases: Art McPherson
- Primary Location: Melbourne, FL
- CRD 2245364
- Can Art McPherson be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Highest Settlement or Award : $25,500
- Pending Customer Dispute Seeks Damages of: $250,000
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Art McPherson As Your Stockbroker?
A customer of Prostatis Financial Advisors Group filed a FINRA arbitration in 6/2025 seeking damages of $250,000. The customer alleges that McPherson , a representative of World Equity Group and an RIA with Prostatis Financial Advisors Group liquidated their account in March of 2020 , at the very bottom of the Covid Crash then bought back in after the market had recovered. This matter is currently pending.
In 12/2015 a customer of Triumph Wealth Advisors was paid $25,500 to resolve allegations that an unauthorized wire transfer for $25,500 was made from their account.
Allegations of Broker Misconduct Against Art McPherson
Customers of Art McPherson have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unauthorized wire transfer was made from customer’s account
- Attempt to time the market caused hundreds of thousands in damages
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
Investigation on Behalf of Former Cocoa Beach Florida Fire Fighter
We are currently investigating McPherson on behalf of a former employee of the Cocoa Beach, FL, Fire Department who alleges that upon his retirement, he entrusted his retirement funds to McPherson and was given improper advice and failed to follow his instructions regarding the investment of his retirement funds, resulting in significant losses which negatively impact his ability to fund retirement.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Art McPherson, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
Firms We Have Pursued On Behalf of Our Clients
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.