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Broker Misconduct Investigation: Zach McCraw (Pruco Securities)

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Updated on: August 29, 2024

National investment loss lawyers KlaymanToskes is investigating broker Zach McCraw of Pruco Securities (CRD #7003820).

According to FINRA BrokerCheck, broker Zach McCraw was barred from the securities industry on July 18, 2024, due to his refusal to appear for on-the-record testimony during FINRA’s investigation into his resignation from Pruco Securities following allegations of submitting non-genuine electronic client signatures and incorrect dates on insurance forms.

Investors that suffered losses with broker Zach McCraw are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at investigations@klaymantoskes.com to discuss recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.

Investment Losses with Broker Zach McCraw?

Investment Losses with Broker Zach McCraw?

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Zach McCraw Barred by FINRA and Resigns from Pruco Securities

Financial advisor Zach McCraw has been barred by FINRA and has resigned from Pruco Securities. On July 18, 2024, FINRA barred McCraw because he failed to provide on-the-record testimony as requested by FINRA during its investigation into the circumstances giving rise to a Form U5 filed by his member firm disclosing that he had voluntarily resigned after he admitted to submitting multiple non-genuine electronic client signatures and inputting incorrect dates on various insurance forms. The findings stated that although McCraw initially cooperated in FINRA’s investigation, he ultimately ceased doing so.

McCraw resigned from Pruco Securities on July 5, 2023 following allegations that he admitted to submitting several false electronic client signatures and inputting incorrect dates on different insurance forms.  

Signs Investors Should Look Out For About Their Brokerage Accounts

As an investor, there are a few signs that you should look out for if you believe you may have a claim against broker Zach McCraw. These signs could potentially indicate misconduct, negligence, or investment fraud. Investors are encourage to contact our firm immediately if you have experienced any of the following:

  • You have substantial losses in your investment accounts
  • You received a call, email, or other communication from your broker’s supervisor or manager regarding your portfolio
  • Your broker misrepresented investment opportunities, or failed to disclose details about investments
  • You notice unauthorized transactions in your investment accounts
  • Your broker is not returning your calls or emails
  • You filed a complaint with your brokerage firm that has not been resolved
  • You see a mistake on your statement, or receive a fraudulent statement

Some investors have close relationships with their brokers due to the time and trust built over the course of their investment relationship. However, it is crucial to remember that financial decisions should be based on careful analysis and due diligence rather than solely relying on personal relationships.

Engaging the services of an experienced securities attorney to evaluate your specific circumstances is strongly advised. At KlaymanToskes, our team of experienced securities attorneys has a deep understanding of this complex area of law, allowing us to provide invaluable insight and tailored guidance that directly addresses your individual needs.

If you suffered losses with broker Zach McCraw, or have concerns regarding your investment portfolio at Pruco Securities, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.