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]

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