
Prudential Equity Group LLC (PEG), a broker-dealer subsidiary of Prudential Financial Inc., entered into a deferred prosecution agreement in which PEG has admitted to criminal wrongdoing in connection with deceptive market timing trading in mutual fund shares dating back to 1999 and agreed to a payment of $600 million in fines, restitution and penalties. For more info visit https://www.justice.gov/archive/opa/pr/2006/August/06_odag_574.html