Violation Tracker Parent Company Summary
Parent Company Name:
Prudential Financial
Ownership Structure:
publicly traded (ticker symbol PRU)
Headquartered in:
New Jersey
Major Industry:
financial services
Specific Industry:
insurance
Penalty total since 2000:
$791,121,520
Number of records:
16
| Top 10 Primary Offense Types | Penalty Total | Number of Records |
|---|---|---|
| securities issuance or trading violation | $600,000,000 | 3 |
| investor protection violation | $101,100,000 | 4 |
| benefit plan administrator violation | $48,100,000 | 2 |
| wage and hour violation | $24,516,500 | 3 |
| consumer protection violation | $17,000,000 | 1 |
| kickbacks and bribery | $350,000 | 1 |
| insurance violation | $49,020 | 1 |
| environmental violation | $6,000 | 1 |
Notes:
Parent-subsidiary linkages are based on relationships current as of the latest revision listed in the Update Log, which may vary from what was the case when a violation occurred. The penalty totals are adjusted to account for the fact that the individual entries below may include both agency records and settlement announcements for the same case; or else a penalty covering multiple locations may be listed in the individual records for each of the facilities. The totals are also adjusted to reflect cases in which federal and state or local agencies cooperated and issued separate announcements of the outcome. Duplicate or overlapping penalty amounts are marked with an asterisk in the list below.
Associated Names:
AMERICAN SKANDIA INVESTMENT SVC; PRUDENTIAL; PRUDENTIAL EQUITY GROUP F / K / A PRUDENTIAL SECURITIES; Prudential Equity Group, LLC; Prudential Financial; Prudential Insurance; Prudential Insurance Company of America
Links:
Subsidy Tracker data on financial assistance to this company by federal, state and local government agencies can be found here.
Individual Penalty Records:
Click on the company or penalty amount for more information on each case.
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| Company | Primary Offense Type | Year | Agency |
Penalty Amount |
|---|---|---|---|---|
| Prudential Equity Group LLC | securities issuance or trading violation | 2006 | DOJ_CRIMINAL | $600,000,000 |
| Prudential Equity Group | securities issuance or trading violation | 2006 | MULTI-AG | (*) $270,000,000 |
| Prudential Equity Group | securities issuance or trading violation | 2006 | NY-AG | (*) $270,000,000 |
| American Skandia Investment Services, Inc. | investor protection violation | 2009 | SEC | $68,000,000 |
| Prudential Insurance | benefit plan administrator violation | 2014 | private lawsuit-federal | $39,100,000 |
| Prudential Financial Inc. | investor protection violation | 2019 | SEC | $32,600,000 |
| Prudential Insurance Company of America | consumer protection violation | 2012 | MULTI-AG | $17,000,000 |
| Prudential Financial | wage and hour violation | 2017 | private lawsuit-federal | $12,500,000 |
| Prudential Financial | wage and hour violation | 2009 | private lawsuit-federal | $11,000,000 |
| Prudential Insurance Company Of America | benefit plan administrator violation | 2019 | private lawsuit-federal | $9,000,000 |
| Prudential Insurance | wage and hour violation | 2011 | private lawsuit-federal | $1,016,500 |
| Prudential Equity Group, LLC f/k/a Prudential Securities Inc. | investor protection violation | 2004 | SEC | $375,000 |
| Prudential Insurance Co. | kickbacks and bribery | 2008 | CA-MULTI | $350,000 |
| Prudential Equity Group, LLC | investor protection violation | 2005 | SEC | $125,000 |
| The Prudential Insurance Company of America | insurance violation | 2019 | NY-DFS | $49,020 |
| PRUDENTIAL | environmental violation | 2011 | EPA | $6,000 |
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