Violation Tracker Individual Record
: Prudential Annuities Distributors, Inc.
Current Parent Company
: Prudential Financial
Parent at the Time of the Penalty AnnouncementPenalty
to see this data field
: July 19, 2016
: financial offenses
: investor protection violation
: financial institution supervision failures
: The Financial Industry Regulatory Authority fined Prudential Annuities Distributors, Inc. $950,000 for failing to detect and prevent a scheme that resulted in the theft of approximately $1.3 million from an 89-year-old customer's variable annuity account.
Level of Government
: agency action
: Financial Industry Regulatory Authority
Civil or Criminal Case
HQ Country of Current Parent
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
Source of Data
: (click here)
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Current parent company note
: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log