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FINRA Announces $950,000 Fine to Prudential Annuities Distributors, Inc. for Supervisory Failures

The Financial Industry Regulatory Authority (FINRA) announced on July 19, 2016 in a News Release that it had 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.  Prudential Annuities Distributors…

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FINRA Cautions Investors of Financial Fraud On WhatsApp

Financial Industry Regulatory Authority (FINRA ) issued a new investor alert this week, Messaging Apps Are Latest Platform for Delivering Pump-And-Dump Scams,  warning investors to be wary of investment schemes forwarded to them on the popular messaging platform WhatsApp. Recently, there were messages forwarded on the WhatsApp platform, claiming that…

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