Tag Archives: Securities Helpline for Seniors

FINRA Fines Prudential Annuities Distributors, Inc. $950,000 for Failing to Prevent Theft of $1.3 Million From Elderly Customer’s Variable Annuity Account

On July 19, 2016, FINRA announced it fined Prudential Annuities Distributors, Inc. the sum of $950,000 for failing to detect and prevent a scheme that resulted in the theft of approximately $1.3 million from an 89-year-old customer’s variable annuity account. According to FINRA, Prudential “repeatedly failed to adequately investigate “red flags” that Travis A…. Read More »