Update For Investors: Terry Bagwell, Bryan W. Anderson and Pruco Securities

The Financial Industry Regulatory Authority (FINRA) alleged that Terry Bagwell, Bryan Anderson and Pruco Securities were involved in a ponzi-like scheme. Bagwell supervised Anderson at Pruco Securities, and the men allegedly sold $8.4 million in unapproved investments to customers and non-customers of the firm. Anderson was sentenced to more than seven years in prison on August 13, 2015. He was also barred from the securities industry by the Securities and Exchange Commission (SEC). FINRA alleged that Bagwell invested $35,000 of his own money with Anderson and that these investments were not authorized by Pruco Securities, and in violation of FINRA rules. FINRA then barred Bagwell from being a supervisor, fined him $25,000 and suspended him from the industry for 30 days.

Bagwell was registered with The Equitable Life Assurance Society of the US, AXA Advisors, Metropolitan Life Insurance Co., MetLife Securities and Pruco Securities in Birmingham, Alabama from October 2011 until March 2015. He has 12 customer disputes against him, one of which is currently pending. He is not licensed and has been permanently barred. Anderson was registered with Metropolitan Life Insurance Company, MetLife Securities and Pruco Securities in Birmingham, Alabama from February 2012 until October 2012. He has 20 customer disputes against him, three of which are currently pending and one criminal disposition. He is not licensed within the industry and has been permanently barred. Call us today if you lost money with Bryan W. Anderson or Terry Bagwell. We may be able to help you bring legal recourse against Pruco Securities. The firm may be liable for investment losses.

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