Pruco Securities, LLC broker Joseph Viet Duy Phan (CRD# 2555300) was barred by FINRA for borrowing money from clients. Phan was registered with Pruco Securities, LLC in Irvine, California from 2007 to 2018, when he was terminated regarding, “Registered Representative borrowed money from two clients without Firm approval, and attempted to deposit a client’s insurance premium check into the Registered Representative’s personal bank account.”
In November 2019, FINRA barred Phan after he consented to the sanction and to the entry of findings that, “he failed to appear and provide testimony as requested by FINRA in connection with its investigation into allegations that he borrowed money from two of his member firm clients without firm approval, and attempted to deposit a client’s check into his personal bank account.”
Phan has been the subject of one customer complaint that was denied, according to his CRD report.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, FIRM may be liable for investment or other losses suffered by Phan’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If and have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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