WARNING! Impending Investigation: MARK J. PROKAY and W&S BROKERAGE SERVICES, INC.
Investigation: Mark J. Prokay and W&S Brokerage Services, Inc.
Have you lost money with financial advisor Mark Prokay of New Castle, Pennsylvania? We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Mark J. Prokay. FINRA barred Prokay from the securities industry after he failed to respond to a FINRA investigation. FINRA was investigating Prokay after he was terminated by his brokerage firm, W&S Brokerage Services, Inc. Prokay’s BrokerCheck discloses that he was fired after Prokay submitted inaccurate and unverifiable documentation for life insurance products.
Mark Prokay was a financial advisor and registered representative of W&S Brokerage Services, Inc. from April 2012 to January 2014. He worked at a branch office in New Castle, Pennsylvania.
Brokerage firms like W&S Brokerage Services have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado and the Seattle area. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Pennsylvania. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including LPL Financial, Merrill Lynch, Morgan Stanley, Smith Barney, Stifel Nicolaus & Company, UBS Financial Services, Oppenheimer, Charles Schwab, Wells Fargo Advisors, Ameriprise Financial Services, Raymond James, ProEquities, Securities America, National Securities Corp., and many others.
Have you lost money with Mark Prokay or W&S Brokerage Services ?
Denver Office: (720) 599-3505
Seattle Office: (206) 795-5798
Click to view: Prokay FINRA AWC
Click to view: Prokay BrokerCheck 10.22.15