Pittsburgh Financial Group Advisor Andrew Pravlik: $300K Complaint

Pittsburgh financial advisor Andrew Pravlik (CRD# 2360456) recently received an investor complaint alleging his conduct resulted in six-figure damages. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor with World Capital Brokerage, doing business as Pittsburgh Financial Group.

Mr. Pravlik’s BrokerCheck report discloses multiple investor complaints. The most recent, filed in August 2023, alleges that as a Coastal Equities representative, he recommended unsuitable alternative investments. The pending complaint alleges damages of $300,000.

An earlier investor complaint, filed in November 2021, alleged that as a representative of Prospera Financial Services, he breached his fiduciary duty, breached contract, engaged in negligence, committed fraud, and failed in his supervisory duties in relation to investments in real estate securities. The complaint reached a settlement of $29,000.

A third investor complaint, filed in 2017, alleged that as a Prospera Financial Services representative, Mr. Pravlik recommended unsuitable investments in real estate, insurance, and unit investment trust products. The pending complaint alleges damages of $175,000.

According to the Financial Industry Regulatory Authority, Andrew Pravlik holds 25 years of securities industry experience. Based in Pittsburgh, Pennsylvania, he has been a broker with World Capital Brokerage and an investment advisor with Investment Research Corp. since February 2023. His past registrations include Coastal Equities (Pittsburgh, Pennsylvania; 2017-2022), Prospera Financial Services (Pittsburgh, Pennsylvania; 2011-2017) and Hefren-Tillotson (Pittsburgh, Pennsylvania; 1996-2009). His credentials include the passage of four securities industry qualifying examinations: 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 Combined State Law Examination, or Series 66. He is licensed in Arizona, California, Connecticut, Florida, Maine, Maryland, Massachusetts, Michigan, Montana, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, Washington, and West Virginia. (Information current as of September 17, 2023.)

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