Patrick Pistor Discharged by Equitable Advisors

Investors May Have Legal Options to Recover Their Losses

Allegations of FINRA

Patrick Pistor of New Braunfels, Texas was discharged by Equitable Advisors in February 2025. Equitable Advisors disclosed that he was “discharged for failure to comply with the Firm’s Outside Business Activity policy”. Generally, under FINRA Rule 3270, stockbrokers must get permission from their brokerage firm to engage in any business activities that fall outside the employment with the brokerage firm.

Subsequently, FINRA started its own investigation into the allegations regarding Pistor. He has been indefinitely suspended from the securities industry since July 11, 2025 because he allegedly failed to respond to the FINRA investigation.

Background

Patrick Pistor worked in aNew Braunfels, Texas office while he was registered with Equitable Advisors from September 2022 to February 2025.

Can I Recover My Investment Losses?

Yes—investors have the right to pursue claims through FINRA arbitration, a legal forum designed to help recover funds lost due to broker misconduct or unsuitable investment recommendations.

Financial advisors may be individually liable for misrepresentation, unsuitable advice, or breach of fiduciary duty. However, Equitable Advisors may also bear responsibility if they failed to properly supervise Pistor or ignored warning signs.

We Represent Investors in Texas

Israels & Neuman has helped thousands of investors nationwide recover money lost to financial advisor misconduct and we represent investors throughout Texas. Our attorneys have extensive experience handling claims involving investment schemes.

Free Case Review — Speak to a Securities Fraud Attorney Today

If you invested with Patrick Pistor, contact Israels & Neuman for a free and confidential case evaluation. Our attorneys are here to help you understand your rights and determine whether a claim through FINRA arbitration is right for you.

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