Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: Prudential Financial Inc.
Current Parent Company: Prudential Financial
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $32,600,000
Year: 2019
Date: September 16, 2019
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: Two subsidiaries of Prudential Financial Inc. -- AST Investment Services Inc. and PGIM Investments LLC -- agrred to pay a $5 million penalty and disgorge $27.6 million -- to settle allegations of failing to disclose conflicts of interest and making misleading disclosures to the boards for 94 funds they advised.
Level of Government: federal
Action Type: agency action
Agency: Securities and Exchange Commission
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: New Jersey
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: insurance
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.