
Two subsidiaries of Prudential Financial Inc. -- AST Investment Services Inc. And PGIM Investments LLC -- agrred to pay a $5 million penalty and disgorge $27.6 million -- to settle allegations of failing to disclose conflicts of interest and making deceptive disclosures to the boards for 94 funds they advised. For more info visit https://www.sec.gov/news/press-release/2019-176