I have recently learned that Iqra Younas, holding a CRD number of 7258354, was dismissed by Pruco Securities. This development came as a surprise to many, as Ms. Younas was quite accomplished in her role. The information comes straight from BrokerCheck records as of March 6, 2024.
Reasons Behind Iqra Younas’s Departure
It was on January 26, 2024, when Pruco Securities decided to part ways with Iqra Younas. She was accused of not sticking to company rules. The allegations against her included signing a service contract with a third party that was not pre-approved to submit a new business application, an act which led to her dismissal. Furthermore, she used her personal email for work-related purposes, which is a breach of confidentiality and privacy rules.
The Importance of Following FINRA Rule 3110
FINRA Rule 3110 means that firms need to watch over their staff to make sure everyone follows the rules. Because of this rule, advisors like Ms. Younas must use official communication tools. When someone uses a private email for work, it is a serious misstep.
This rule is there to make sure financial professionals operate in line with what’s legal. It’s also about keeping company communication secure, avoiding any chance of sensitive information getting out.
High Standards and Professionalism: FINRA Rule 2010
FINRA Rule 2010 underlines the importance of professional integrity and fairness in business. Using a personal email for official transactions might go against these values.
Ms. Younas was a notable player in the field, with achievements like passing key industry exams such as the Series 63, Series 6TO, and the Securities Industry Essentials Exam.
The impact of her firing isn’t just about her—it affects the clients who trusted her advice. If you have investments with Ms. Younas, it might be time for a review. Many experts can give advice at no cost and can help you make the right moves. As the old saying goes, “An investment in knowledge pays the best interest” – Benjamin Franklin. And the same applies to keeping track of your investments.
Staying alert to signs of financial wrongdoing can save you a lot of money. If you’re a victim, you must demand action. Taking a step now establishes the pathway to potentially recovering your losses. I’ve seen that the process can be challenging, but with the right steps, a resolution can often be found. Remember, your journey towards rectification starts with reaching out for help.
For those interested, you can verify an advisor’s background with their FINRA CRM number. It’s a critical step in ensuring you’re dealing with someone reputable.
Finally, I’ll leave you with this sobering financial fact: Studies have shown that bad financial advisors can cost Americans billions in fees and missed investment opportunities. Don’t let inattention to your portfolio’s management be the cause of preventable financial loss. Be proactive, do your research, and seek out reputable advice.
