According to a recent Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA), Richard Kuriger was accused of engaging in an outside business activity while he was registered with Pruco Securities. Allegedly, he made presentations to wholesalers who were interested in the products of Advantage, such as private placement life insurance. During this time, from September 2013, through June 2015, Kuriger received compensation from Advantage. He failed to provide prior written notice to his firm of the private placement offerings, and this is against securities rules. For this he was fined $10,000 and suspended for three months.
According to FINRA records, Mr. Kuriger was registered with MML Investors Services, IMS Securities, American General Securities, Manequity, EPlanning Securities, MML Distributors, Sunset Financial Services, Jackson National Life Distributors, Hornor, Townsend & Kent, Hartford Equity Sales and Pruco Securities in Newark, New Jersey from January 2013 until July 2015. He is currently not registered within the industry. Please call our securities law firm today if you suffered losses with Mr. Kuriger. We may be able to sue his former firm, Pruco Securities, for not reasonably supervising him while he was employed there. The call is free with no obligation. There is a statute of limitations on most cases so please do not delay.
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