Articles Tagged with Pruco Securities

AdobeStock_90383187-1-300x194According to his Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA), Jeffrey Allen Delaney Jr. allegedly forged a policyholder’s electronic signature on seven forms related to the exchange of the policyholder’s existing life insurance policy held with his member firm. This is against securities rules and resulted in Delaney being fined $15,000 and suspended from the industry for eight months. According to his online FINRA public record, Delaney Jr. was previously registered with SagePoint Financial in Columbus, Georgia from June 2014 until January 2015 and Pruco Securities in Columbia, South Carolina from January 2015 until September 2016. He has one customer dispute against him, which is pending and he is currently not registered within the industry. If you or someone you know has suffered losses with Mr. Delaney Jr., please call our securities law firm at 312-332-4200 to find out how to sue his former brokerage firm, Pruco Securities on a contingency fee basis, which means we only make money if you recover yours. The call to us is free so please call today.

AdobeStock_112465076-1-300x164According to a recent Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA), Zena Yofonovich allegedly borrowed money without firm approval. This occurred from June 11, 2007 until May 24, 2009 and borrowed a total of $63,500 from an elderly firm customer. The funds were withdrawn from Yofonovich’s variable annuity held at Pruco Securities. This is against securities laws and resulted in a suspension from the industry of two months. According to FINRA BrokerCheck, Yofonovich was registered with SMA Equities in Worcester, Massachusetts from October 1986 until December 1989, Prudential in Newark, New Jersey from June 1990 until July 1992, Pruco Securities in Newark from June 1990 until July 1992, Pruco Securities in New Jersey from October 1993 until February 2005 and Pruco Securities in Rosemont, Illinois from May 2006 until November 2016. She has one customer dispute pending against her and is currently not registered.
We are securities attorneys based in Chicago and Barrington, Illinois and sue firms like Pruco Securities in the FINRA arbitration forum on a contingency fee basis, which means we only make money if you recover yours. The call to us is free with no obligation and attorneys are standing by so please call today.

AdobeStock_90383187-1-300x194According to a recent Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA), Richard Kuriger was accused of engaging in an outside business activity while he was registered with Pruco Securities. Allegedly, he made presentations to wholesalers who were interested in the products of Advantage, such as private placement life insurance. During this time, from September 2013, through June 2015, Kuriger received compensation from Advantage. He failed to provide prior written notice to his firm of the private placement offerings, and this is against securities rules. For this he was fined $10,000 and suspended for three months.

According to FINRA records, Mr. Kuriger was registered with MML Investors Services, IMS Securities, American General Securities, Manequity, EPlanning Securities, MML Distributors, Sunset Financial Services, Jackson National Life Distributors, Hornor, Townsend & Kent, Hartford Equity Sales and Pruco Securities in Newark, New Jersey from January 2013 until July 2015. He is currently not registered within the industry. Please call our securities law firm today if you suffered losses with Mr. Kuriger. We may be able to sue his former firm, Pruco Securities, for not reasonably supervising him while he was employed there. The call is free with no obligation. There is a statute of limitations on most cases so please do not delay.

AdobeStock_35532974-1-300x200Stoltmann Law Offices is investigating Zena Yofonovich, a former registered broker with Pruco Securities in Rosemont, Illinois. Yofonovich was terminated from Pruco after allegations that she “borrowed money from a client without firm approval.” She also accepted loans in the amount of $63,000 from a client and signed a promissory note in the amount of the loans. These are both against securities rules and regulations. She was previously registered with SMA Equities in Worcester, Massachusetts from October 1986 until December 1989, The Prudential Insurance Company of America in Newark, New Jersey from June 1990 until July 1992, Pruco Securities in Newark from June 1990 until July 1992, Pruco Securities in Newark from October 1993 until February 2005 and Pruco Securities in Rosemont, Illinois from May 2006 until November 2016. She has one customer dispute against her and she is currently not registered within the industry. Please call our Chicago and Barrington, Illinois-bases securities law firm today to speak to one of our attorneys. Yofonovich’s former firm, Pruco Securities, may be liable for investment losses you may have sustained. The firm had a duty to reasonably supervise her while she was registered there. The call to us is free with no obligation. We sue firms on a contingency fee basis, so you only have to pay us if we recover money for you.

AdobeStock_9577728-1-300x200According to recent Disciplinary Proceeding with the Financial Industry Regulatory Authority (FINRA), Kelly Clayton Althar was accused of making unsuitable investment recommendations and engaging in excessive trading in the account of an elderly customer. This conduct occurred between April 2011 and March 2014. Althar concentrated the customer’s account in risky securities and high volume trading, when the customer was close to retirement and only wanted low risk investments. The customer lost most of her net worth and retirement savings because of this conduct. A broker must take into account a customer’s net worth, age, and investment objectives before recommending or selling a security. If he does not, his brokerage firm may be held liable for investment losses.

Althar was registered with Pruco Securities, Sun Investment Services, M.L. Stern, Southwest Securities, Financial West Group in San Francisco, California from April 2011 until December 2015, and Paulson Investment Company in Novato, California from December 2015 until May 2016. He has two customer disputes against him and one criminal disposition. He is not currently registered with any member firm and has been permanently barred from the industry by FINRA. Please call our Chicago-bases law offices at 312-332-4200 to speak to an attorney about your losses with Kelly Althar. We may be able to help you bring a claim against his former firm, WFG, in the FINRA arbitration forum on a contingency fee basis. The call is free with no obligation.

Stoltmann Law Offices is investigating Kelly Althar who allegedly engaged in excessive trading (churning) in two accounts held by an elderly customer. Althar also allegedly made unsuitable recommendations. He was also charged with one count of grand theft. This is against securities rules and regulations. Churning accounts is a particularly egregious action done by a broker to generate large commissions for himself. Althar’s former firm, Financial West Group, can be sued in the Financial Industry Regulatory Authority (FINRA) forum on a contingency fee basis for investment losses. Please call our Chicago-based law firm today at 312-332-4200 to speak to an attorney about your options. The call is free with no obligation.

According to his online FINRA BrokerCheck report, Althar was registered with Pruco Securities in Newark, New Jersey from November 1995 until March 1996, Sun Investment Services in Wellesley Hills, Massachusetts from October 1996 until May 1997, M.L. Stern & Co. in San Francisco, California from May 2007 until December 2008, Southwest Securities in San Francisco from December 2008 until April 2011, Financial West Group in San Francisco from April 2011 until December 2015 and Paulson Investment Company in Novato, California from December 2015 until May 2016. He has two customer disputes against him and one criminal final disposition.

The securities attorneys of Stoltmann Law Offices are investigating customer complaints filed with the Financial Industry Regulatory Authority (FINRA) against William Byrd, a broker with Capital Financial Services in Tampa, Florida. Customers have alleged that Byrd recommended unsuitable investments, acted negligently and breached fiduciary duty, among other claims. According to FINRA BrokerCheck records, Byrd was registered with Security First Financial, Cigna Securities, IDS Life Insurance Company in Minneapolis, Minnesota from September 1988 until March 1990, American Express Financial Advisors in Minneapolis from September 1988 until March 1990, Merrill Lynch in New York, New York from March 1990 until September 1992, Pruco Securities in Newark, New Jersey from October 1992 until February 2001, Transamerica Financial Advisors in Tampa, Florida from January 2001 until March 2016 and Invest Financial Corp in Tampa from March 2016 until July 2016. He is currently registered with Capital Financial Services in Tampa and has been since September 2016. He has three customer disputes against him, one of which is currently pending. Please call today to speak to an attorney about your options of bringing legal recourse against Capital Financial Services, if you lost money with William Byrd.

The Financial Industry Regulatory Authority (FINRA) recently barred Winston Turner, a former broker with Pruco Securities in Sarasota, Florida. He allegedly falsified information relating to variable annuity transactions. He allegedly misrepresented the source of funds in variable annuity application materials in connection with exchanges by clients. He also further allegedly lied to the firm about the source of the funds for the variable annuity purchases and about the relationship between a client and his former marketing assistant. He also allegedly engaged in deceptive conduct by misrepresenting his personal email addresses as the email addresses of his clients, bearing forged signatures of a client and by making payments to a client from his own funds while creating the false appearance that the funds were coming from the firm. These are all against securities laws. Turner was registered with MetLife Securities in Atlanta, Georgia from December 2011 until July 2013 and Pruco Securities in Sarasota, Florida from July 2013 until August 2015. He has 18 customer disputes against him, one of which is currently pending. He has one criminal disposition. He is not licensed and has been permanently barred from the industry. Please call our securities law firm today to discuss your options if you invested money with Winston Turner.

According to a recent Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA), David Altwerger was accused of making 10 electronic fund transfers from his personal bank account to his personal brokerage account knowing that he had insufficient funds to cover the transfers. This is against securities rules and regulations, and Altwerger was terminated from his brokerage firm, Morgan Stanley, because of it. FINRA suspended him for three months and fined him $5,000. Altwereger was registered with Pruco Securities in Troy, Michigan from May 2008 until December 2009 and Morgan Stanley in Troy from January 2010 until January 2016. He is currently registered with Waddell & Reed in Birmingham, Michigan and has been since January 2016.

Stoltmann Law Offices is investigating Pamela Posey, a stockbroker formerly with Securities America. According to the Financial Industry Regulatory Authority (FINRA), Posey disclosed the filing of a chapter 13 petition in the U.S. Bankruptcy Court for the Southern District of Florida in October 2013. This is a pending matter. She also disclosed three outstanding judgments/liens to Chateaux Fall Creek, LLC. According to her FINRA online BrokerCheck report, Posey was registered with American General Distributors Inc. in Houston, Texas from June 2004 until June 2006, Valic Financial Advisors in West Palm Beach, Florida from December 2010 until September 2012, AXA Advisors in Boca Raton, Florida from September 2012 until June 2013, Pruco Securities in West Palm Beach, Florida from June 2013 until July 2014 and Securities America in Boynton Beach, Florida from August 2014 until May 2016. She has three judgments/liens against her. She is not licensed within the industry. 312-332-4200 to speak to an attorney. The call is free. Please call today.

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