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Alan Pransky: $50K-$100K Complaint Against Pransky Financial Advisor
Peabody, Massachusetts financial advisor Alan Pransky (CRD# 1399836) allegedly recommended an unsuitable corporate bond investment, according to a recent investor complaint filed against him. Records provided by the Financial Industry Regulatory Authority show that he is currently a broker and an investment advisor with LifeMark Securities Corporation, doing business as the Pransky Financial Group.
Mr. Pransky’s BrokerCheck report discloses two investor complaints. The most recent, filed in December 2022, alleges that as a representative of LifeMark Securities Corporation, he recommended an unsuitable investment in a corporate bond whose issuer later filed for Chapter 11 bankruptcy, misrepresented material facts, breached his fiduciary duty, breached contract, and made omissions of material facts. The pending complaint alleges damages between $50,000 and $100,000.
An earlier investor complaint, filed in 1998, alleged that he did not make the customer of the surrender charges associated with an annuity purchase. The complaint alleged damages of $6,000 and was denied by the firm.
According to the Financial Industry Regulatory Authority, Alan Pransky holds 37 years of securities industry experience. Based in Peabody, Massachusetts, he has been a broker and an investment advisor with LifeMark Securities Corporation since 2018, doing business as the Pransky Financial Group. His registration history includes Foresters Equity Services (Peabody, Massachusetts; 2012-2018), Trustmont Financial Group (Peabody, Massachusetts; 2009-2012), Lincoln Financial Securities Corporation (Beverly, Massachusetts; 2005-2009), 1717 Capital Management Group (Newark, Delaware; 2000-2005), and NYLife Securities (New York, New York; 1985-2000). His credentials include the passage of seven securities industry qualifying exams: the General Securities Principal Examination, or Series 24; the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the Direct Participation Programs Representative Examination, or Series 22; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. He is licensed in Arizona, California, Delaware, Florida, Massachusetts, New Jersey, and North Carolina. (Information current as of April 30, 2023.)
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