DID ALAN STEPHEN PRANSKY CAUSE YOU INVESTMENT LOSSES?
Alan Pransky Of Lifemark Securities Corp. And Formerly With Foresters Equity Services, Inc. Has 2 Customer Complaints For Alleged Broker Misconduct
About Alan Pransky of Lifemark Securities Corp.?
Alan Pransky (CRD #1399836) , exhibits a complex and somewhat troubling professional trajectory within the securities industry. Since beginning his registration in 1985, Pransky has been affiliated with multiple firms, currently registered with LifeMark Securities Corp. in Peabody, MA, and Pearl River, NY since December 2018. His career includes licensure in 7 U.S. states, along with a history of passing 1 principal/supervisory exam and 4 general industry/product exams. However, Pransky’s history is tarnished by customer disputes raising concerns about his practices.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Alan Pransky Customer Complaints and Reviews
Alan Pransky has been the subject of 2 customer complaints that we know about seeking to recover investment losses.
- Dispute 1 (Closed-No Action): Initiated on 04/17/1998, this dispute involved allegations related to undisclosed surrender charges linked to an annuity sale, claiming $6,000 in damages. The customer’s complaint was ultimately denied, with the firm finding no evidence to support the claims.
- Dispute 2 (Pending): Filed on 12/20/2022, this ongoing dispute involves allegations of unsuitable investment recommendations, misrepresentation, and breach of fiduciary duty concerning an investment in a debt product from a company that later filed for Chapter 11 bankruptcy. The alleged damages are between $50,000 to $100,000, highlighting significant potential financial harm and questions regarding Pransky’s judgment and adherence to fiduciary standards.
Allegations Against Alan Pransky
Alan Pransky faces serious allegations that underscore potential risks for clients, including:
- Misrepresentation and Non-Disclosure: Accused of failing to inform a client about significant surrender charges on an annuity, which could reflect a pattern of misleading clients about financial products.
- Unsuitable Investment Recommendations: Currently accused of recommending an investment that was unsuitable given the client’s circumstances, leading to substantial financial losses.
- Breach of Fiduciary Duty: The ongoing case accuses Pransky of failing to act in the best interests of his client, a fundamental duty for financial advisors.
- Breach of Contract and Omission of Fact: These accusations involve not only the failure to disclose crucial investment risks but also possibly violating contractual obligations with clients by not providing the agreed services or protections.
These disputes and allegations cast a shadow over Pransky’s professional conduct, suggesting that potential clients should proceed with caution when considering his services.
Alan Pransky Red Flags & Your Rights As An Investor
Of course, Alan Pransky did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Alan Pransky at Lifemark Securities Corp. and Foresters Equity Services, Inc. on alert to review carefully the activity and performance of their accounts and question whether Alan Pransky has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Lifemark Securities Corp. and Foresters Equity Services, Inc. also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At Lifemark Securities Corp. Due To Alan Pransky
If you have questions about Lifemark Securities Corp., Foresters Equity Services, Inc. and/or Alan Pransky and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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