Turning Up The Heat On Prudential
The regulators are making it even hotter for Prudential Securities. In a late-January letter to a federal judge in New Orleans, the Idaho securities commissioner disclosed that he is heading a multistate task force probing alleged improprieties in Pru-dential's sale of limited partnerships. The letter also cites SEC and NASD probes and says the FBI "is conducting a criminal investigation of Prudential's actions in promoting partnerships."
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