Former Pruco Securities Broker Ronald T. Dunn has been accused of borrowing
$40,000 from a customer and failing to fully repay the customer back.
Ronald Terry Dunn (CRD# 1374701) was formerly a broker with Pruco Securities,
LLC in Texas. According to regulatory documents, on November 21, 2013,
Dunn was terminated from Pruco Securities and subsequently suspended from
the securities industry for two months and ordered to pay a $5,000 fine
for borrowing $40,000 from a customer.
On July 28, 2014, Pruco filed updated disclosures with regulators indicating
that Dunn was the subject of an internal review for accepting money from
one of his clients’ variable annuity policies, placing those funds
into his personal bank account, and failing to fully repay the customer
with the agreed-upon interest.
Upon Pruco’s updated disclosures, FINRA initiated its own investigation.
Among other things, FINRA stated that it found that Dunn had only paid
a fraction of the $40,000 back to the customer.
Letter of Acceptance, Waiver & Consent, Dunn consented to FINRA’s findings and sanctions.
Since 1999, our law firm has been helping investors recover their losses
caused by fraud and related misconduct. If you invested with former Pruco
Securities broker Ronald T. Dunn, we invite you to contact a stockbroker
fraud lawyer at Meyer Wilson today for a
free review of your case.