Ricky Higgins Allegedly Submits Forms That Had Been Pre-Signed By Clients

The law firm of Oakes & Fosher is presently investigating the alleged misconduct of securities broker Ricky Higgins. According to his publicly available FINRA BrokerCheck report, Ricky Higgins has been the subject of a FINRA sanction.

Ricky Higgins is a South Carolina based securities broker. He has worked in the securities industry for thirty-two years. During his career, he has been registered with three different securities firms.

His Registrations

• Pruco Securities Corporation (1987-1999)


• First Heartland Capital (1999-2012, 2016-Present)


• Proequities (2012-2016)

The Allegations

Ricky Higgins was officially sanctioned by FINRA in February 2018. The findings in this matter state that he allegedly held onto blank documents that customers had pre-signed. These forms were used to submit mutual fund exchanges to his member firm. The findings state that the forms had been completed and submitted to the firm after the transactions had already been executed. Due to these allegations, he was fined $5,000 and suspended from acting as a securities broker in any fashion for a period of three months. He had already been terminated from his position at Proequities Inc. two years prior when the allegations were first brought to light.

Oakes & Fosher Can Help

Many investors are unaware of the legal recourse available to them after losing money due to securities broker fraud and/or negligence. The truth is that investors who have lost money in this fashion may actually be entitled to damages.

Oakes & Fosher dedicates its entire legal practice to helping investors across the nation. If you, or someone you know, have lost money investing with Ricky Higgins, please contact Oakes & Fosher for a free and private consultation.