January 04, 2017
Prudential Retirement Insurance and Annuity Co. has beaten a proposed class action alleging it operates a pay-to-play scheme by forging agreements with mutual funds the suit likens to kickbacks after a Connecticut federal judge ruled Prudential isn't a fiduciary for a plumbing supplies wholesaler's retirement plans.
December 21, 2015
Prudential Retirement Insurance and Annuity Co. was hit Friday in Connecticut federal court with a proposed class action alleging it operates a pay-to-play scheme by forging agreements with mutual funds that are akin to kickbacks.