Savannah Broker John Wesley DuRant, III Fined for Improper Sales of Equity-indexed Annuities

Mr. Durant of Pruco Securities—Prudential’s brokerage firm—was fined and suspended for improper sales of equity-indexed annuities. Equity-indexed annuities are complex financial products which generally pay high commissions to the stockbrokers who sell them, creating a strong incentive to sell these products even if they may be unsuitable for investors. According to the Financial Industry Regulatory Authority (FINRA), Mr. DuRant improperly sold at least 27 equity-indexed annuities. If you suffered investment losses in equity-indexed annuities, you may be able to recover your losses through arbitration. Contact the attorneys at Investor Defense Law LLP at no charge to find out whether you have a valid claim.

Investor Defense Law LLP is a law firm dedicated to helping investors in California, Georgia, and Washington recover losses caused by stockbrokers, financial advisers, or investment firms. To learn more, contact an investment fraud attorney at 800.487.4660.