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Latest Prudential & Related Newswire

· Class Action Suit in Utah Loses Lead Plaintiff - Salt Lake Tribune

  5/25/2006 2:17:00 AM | Utah's longest civil suit to continue with wife after plaintiff's death ...
  Comments:(0)   The longest-standing class action lawsuit in Utah has outlived its lead plaintiff. Richard Madsen, 76, has died of Parkinson's Disease; however his wife Nancy Madsen will represent the class of more than 9,000 who are suing Washington Mutual Bank. The case, filed in 1975, has to do with proceeds from advance payments to mortgage company P...
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· Prudential Branch Manager Charged in Securities Fraud - Boston Globe

  3/29/2006 5:58:00 PM | Former Prudential manager charged with aiding in trading scheme
  Comments:(0)   As the investigation into the securities fraud at Prudential continues, a former Boston branch manager, Robert E. Shannon, was recently charged by federal prosecutors. The allegation is that one of the brokers whom Shannon supervised began the fraudulent trading practices in 1999; subsequently, other managers allegedly participated for the benefit ...
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Greed and lack of morals can cause you to become a victim of investment fraud. Individual investors are often defrauded from their investments by their brokers through churning and deceptive sales tactics. Also, putting you in the wrong investment opportunities if you were not qualified for a high risk could put your broker directly at fault.

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