DENNIS JAMES LAUTH is currently employed as a Broker and/or Investment Adviser at PRUCO SECURITIES, LLC. located at 109 SOUTH MAIN STREET, ST. MARYS, OH, 45885.
DENNIS JAMES LAUTH has worked at PRUCO SECURITIES, LLC. since July 16, 1986
Disclosure History
DENNIS JAMES LAUTH has 1 Disclosure Event(s).
Date: February 24, 2004 Category: Customer Dispute Allegations: PLAINTIFFS, [CUSTOMERS], OWNERS OF A PRUDENTIAL VARIABLE ANNUITY CONTRACT, NUMBER [BAN] FILED SUIT IN THE COURT OF COMMON PLEAS OF AUGLAIZE COUNTY, OHIO AGAINST PRUDENTIAL AND DENNIS LAUTH. IN THEIR COMPLAINT, PLAINTIFFS ALLEGE THAT CO-DEFENDANT AGENT DENNIS LAUTH PROVIDED THEM WITH BAD TAX ADVICE WITH REGARD TO THE SALE OF THE ANNUITY CONTRACT AND THE AMOUNT OF THE MINIMUM REQUIRED DISTRIBUTION RESULTING IN PLAINTIFFS INCURRING A TAX LIABILITY OF $27,539.93. Damage Amount Requested: $27,539.93 Settlement Amount: $27,539.93 Broker Comment: THIS CASE IS REPORTABLE BECAUSE OF THE SETTLEMENT AMOUNT. IN ORDER TO AVOID THE FURTHER COSTS, BURDENS OR DISTRACTIONS OF LITIGATION, THE LITIGATION WAS SETTLED, WITHOUT ADMISSION OF LIABILITY OR WRONGDOING, BY PRUDENTIAL PAYING THE AMOUNT OF $27,539.93 TO THE [CUSTOMERS]. MR. LAUTH DID NOT CONTRIBUTE TO THE SETTLEMENT. THE [CUSTOMERS] PROVIDED A GENERAL RELEASE TO ALL DEFENDANTS, AND THE LITIGATION WAS DISMISSED WITH PREJUDICE AS TO ALL DEFENDANTS AS PART OF THE SETTLEMENT.
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