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November 17, 2003 at 07:00 PM
Nov. 14, 2003 — Prudential Financial (PRU) has recently received an information request on fund trades from the New York Stock Exchange, as part of the growing investigation of trading activities of the mutual fund industry.
In the quarterly report filed today with the SEC, the Company indicated that it received an additional formal request from the New York Attorney General’s Office in connection with its variable annuity business.
Prudential noted it is cooperating with all such inquiries and is conducting its own internal review and that, if appropriate, “we may offer customers remediation and may incur charges, including the cost of such remediation, administrative costs and regulatory fines.”
