Prudential Annuities Distributors, Inc. Fined by FINRA for Failing to Detect Variable Annuity Scheme

Stockbroker Law - Tuesday, August 16, 2016
Prudential Annuities Distributors, Inc. Fined by FINRA for Failing to Detect Variable Annuity Scheme

In a Press Release dated Tuesday, July 19, 2016, the Financial Industry Regulatory Authority (FINRA) announced a finding against Prudential Annuities Distributors, Inc. for failing to detect forged variable annuity withdrawal requests from a Prudential Annuities variable annuity customer. Various of these withdrawals included third party payee transfers which FINRA determined should have detected as fraudulent transfers.

We offer a free initial consultation to variable annuity customers who have had monies stolen from their accounts. For a free initial consultation contact the Law Offices of Timothy J. O'Connor at (518) 426-7700.

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