
Prudential Equity Group, formerly known as Prudential Securities, agreed to pay $270 million to Massachusetts, New Jersey, New York and NASD to resolve allegations of improper market timing. This was part of a larger $600 million settlement involving the federal government; For more info visit https://www.finra.org/newsroom/2006/prudential-securities-inc-ordered-pay-regulators-600-million-resolve-fraud-other