PAUL ROGER SHEINKOPF

PAUL ROGER SHEINKOPF is currently employed as a Broker and/or Investment Adviser at PRUCO SECURITIES, LLC. located at 18 EAST OVERLOOK TERRACE, CHARLESTOWN, RI, 02813.

PAUL ROGER SHEINKOPF has worked at PRUCO SECURITIES, LLC. since September 12, 1983

Disclosure History

PAUL ROGER SHEINKOPF has 2 Disclosure Event(s).

Date: November 30, 2013
Category: Regulatory
Initiated By: NEW YORK STATE DEPARTMENT OF FINANCIAL SERVICES
Allegations: THAT I DEMONSTRATED FINANCIAL IRRESPONSIBILITY IN PROVIDING MISLEADING INFORMATION ON THE DISCLOSURE STATEMENT THAT WAS EXECUTED DURING THE POLICY REPLACEMENT FOR CLIENT, IN THAT I FAILED TO DISCLOSE THAT THERE WAS AN OUTSTANDING LOAN ON THE POLICY AND THAT THE LOAN WOULD BE RECOGNIZED AS A GAIN AND IS SUBJECT TO INCOME TAX.THIS WAS A NON-REGISTERED INSURANCE PRODUCT.
Resolution: PAID $1,500 FINE. SanctionDetails:
Sanctions: Civil and Administrative Penalty(ies)/Fine(s) SanctionDetails:
Amount: $1,500.00
Broker Comment: MY PREVIOUS CUSTOMER COMPLAINT WAS RESOLVED BY PRUDENTIAL ALREADY. THIS ACTION FROM NYS DEPT. OF FINANCIAL SERVICES IS NEW, WITH NO PRIOR INDICATION OF ANY ACTION IN THE PAST.

Date: October 01, 2011
Category: Customer Dispute
Allegations: CUSTOMER ALLEGES THE REP DID NOT FULLY DISCLOSE ALL THE FACTS REGARDING TAX CONSEQUENCES. WE DID NOT REPORT ON THE FRONT END BECAUSE IT DID NOT MEET OUR CRITERIA'S FOR REPORTING. COMPLAINT IS BEING REPORTED BECAUSE SETTLEMENT AMOUNT WAS OVER $15,000.
Settlement Amount: $27,369.00

More Information

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