Pruco Securities Broker Daniel Hudson Fined and Suspended by FINRA
Daniel Lee Hudson of Great Falls, Montana and former registered representative with Bellevue, Washington-based Pruco Securities, LLC, submitted a Letter of Acceptance, Waiver and Consent in which he consented to the Financial Industry Regulatory Authority’s (FINRA) findings that he established Natural Resources Gateway Group, Inc. (NRGG) a wind energy development company in which he was the sole owner and officer without first notifying his firm or receiving prior approval. Further, FINRAs findings stated that Mr. Hudson facilitated the investment of $104,000 by individuals, some of whom were Pruco Securities’ customers, in NRGG. These transactions were again made without the approval of Pruco Securities and in violation of the firm’s policies and procedures regarding outside business activities and private securities transactions. Mr. Hudson was fined $5,000 and suspended from association with any FINRA member in any capacity for six months. The suspension is in effect from February 18, 2014 through August 17, 2014.
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