Linda Almeida Jay of East Brunswick New Jersey a securities principal of Pruco Securities LLC has been terminated on October 30, 2018 based upon accusations that Jay submitted documents to effect a purchase of an annuity for a prospective customer who never applied for it.
Financial Industry Regulatory Authority (FINRA) Public Disclosure also confirms that on April 4, 2018, a customer initiated investment related complaint regarding Jay’s conduct was resolved for $35,234.24 in damages supported by allegations that while Jay was associated with Pruco Securities, information about the tax consequences and surrender penalties pertaining to a variable annuity had not been provided to the customer at the time that the annuity purchase was effectuated.
