Finra bars former Pruco rep fired for taking client's money

Finra bars former Pruco rep fired for taking client's money
Joseph Viet Duy Phan was a no-show at a hearing looking into his conduct.
NOV 21, 2019
The Financial Industry Regulatory Authority Inc. has barred former Pruco Securities representative Joseph Viet Duy Phan for failing to appear at a hearing looking into his conduct at the firm. In October 2018, Pruco discharged Mr. Phan because he had borrowed money from two clients without his firm's approval, and attempted to deposit a client's insurance premium check into his personal bank account, Finra said in a letter of acceptance, waiver and consent. Mr. Phan, who joined Pruco in 2007, is no longer employed in the securities business. [More: Finra moves to limit brokers' ability to serve as executors, beneficiaries for clients]

Latest News

The power of cultivating personal connections
The power of cultivating personal connections

Relationships are key to our business but advisors are often slow to engage in specific activities designed to foster them.

A variety of succession options
A variety of succession options

Whichever path you go down, act now while you're still in control.

'I’ll never recommend bitcoin,' advisor insists
'I’ll never recommend bitcoin,' advisor insists

Pro-bitcoin professionals, however, say the cryptocurrency has ushered in change.

LPL raises target for advisors’ bonuses for first time in a decade
LPL raises target for advisors’ bonuses for first time in a decade

“LPL has evolved significantly over the last decade and still wants to scale up,” says one industry executive.

What do older Americans have to say about long-term care?
What do older Americans have to say about long-term care?

Survey findings from the Nationwide Retirement Institute offers pearls of planning wisdom from 60- to 65-year-olds, as well as insights into concerns.

SPONSORED The future of prospecting: Say goodbye to cold calls and hello to smart connections

Streamline your outreach with Aidentified's AI-driven solutions

SPONSORED A bumpy start to autumn but more positives ahead

This season’s market volatility: Positioning for rate relief, income growth and the AI rebound