Tony Ban of New York New York a stockbroker formerly employed by Pruco Securities LLC has been discharged by the firm on May 12, 2017 supported by allegations that Ban (1) procured cash from several of the firm’s customers (2) failed to appropriately document the transactions (3) mishandled the customer’s funds and (4) inappropriately used the customer’s funds intended for life insurance premiums to buy cashier’s checks.

Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Ban is referenced in two more customer initiated investment related disputes pertaining to accusations of his violative conduct while employed with Pruco Securities. Specifically, on October 15, 2002, a customer filed an investment related complaint concerning Ban’s conduct where the customer requested $53,363.72 in damages founded on accusations that misrepresentations and omissions had been made to the customer concerning the risks that the customer would face by investing in mutual fund products.

Then, on August 15, 2017, a customer filed an investment related complaint regarding Ban’s activities in which the customer sought unspecified damages based upon allegations that the customer was not provided accurate information regarding the premiums due on an insurance product.

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