Art McPherson: $250K Complaint Against Prostatis Advisor

Melbourne, Florida financial advisor Art McPherson (CRD# 2245364) recently received an investor complaint alleging that his conduct resulted in six-figure damages. Financial Industry Regulatory Authority records show that he is registered as a broker with World Equity Group and an investment advisor with Prostatis Financial Advisors Group, doing business as McPherson Financial Group.

Mr. McPherson’s BrokerCheck report discloses multiple investor complaints. The most recent, filed in June 2025, alleges that as a representative of Prostatis Financial Advisors Group, he employe da “negligent market-timing strategy” that involved liquidating the customer’s investment portfolio in March 2020 and then buying back in when the market rallied, resulting in losses that would not have been sustained had he maintained the accounts. The pending complaint alleges damages of $250,000.

A second investor complaint, filed in 2015, concerned a wire transfer that Mr. McPherson’s customer at Triumph Wealth Advisors had not authorized. The complaint reached a settlement of $25,000. “A client had been a victim of identity fraud and money was wired to a third party without authorization,” he wrote in a comment included with the disclosure. “After [the] error was found, funds were immediately placed back into client’s account and reimbursed.”

According to the Financial Industry Regulatory Authority, Art McPherson holds 32 years of securities industry experience. Based in Melbourne, Florida, he has been registered as a broker with World Equity Group and an investment advisor with Prostatis Financial Advisors Group since 2019, doing business as McPherson Financial Group. His past registrations include Triumph Wealth Advisors, Taylor Capital Management, Sterne Agee Financial Services, TransAm Securities, OneAmerica Securities, American United Life Insurance Company, CFG Securities Corporation, and FN Wolf & Company. His credentials include the passage of four securities industry qualifying exams: the Uniform Combined State Law Examination, or Series 66; the Uniform Securities Agent State Law Examination, or Series 63; the Securities Industry Essentials Examination, or SIE; the General Securities Representative Examination, or Series 7. He is licensed in California, Florida, Georgia, Kansas, New York, North Carolina, Ohio, Pennsylvania, Texas, and Virginia. (Information current as of September 21, 2025.)

Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.