Finra bars former Pruco rep fired for taking client’s money
1
Joseph Viet Duy Phan was a no-show at a hearing looking into his conduct.
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]
Learn more about reprints and licensing for this article.
