ROBERT NICHOLAS MANSUETTO is currently employed as a Broker and/or Investment Adviser at PRUCO SECURITIES, LLC. located at 11 SUNFLOWER AVENUE, Suite 2000, PARAMUS, NJ, 07652.
ROBERT NICHOLAS MANSUETTO has worked at PRUCO SECURITIES, LLC. since February 13, 1982
Disclosure History
ROBERT NICHOLAS MANSUETTO has 4 Disclosure Event(s).
Date: March 23, 2009 Category: Customer Dispute Allegations: THE CLIENT WAS MISLEAD REGARDING THE DURATION OF PREMIUM PAYMENTS. Broker Comment: THIS CONCERNS A POLICY INCLUDED IN THE CLASS OF POLICIES THAT WAS THE SUBJECT OF A NATIONWIDE CLASS ACTION SETTLEMENT IN WHICH PRUDENTIAL, ITS INSURANCE AFFILIATES AND PERSONNEL WERE RELEASED CONCERNING LIFE INSURANCE SALES PRACTICES. THE CLASS ACTION SETTLEMENT REMEDIATION PROCESSES FOR ADDRESSING CLAIMS FOR POLICIES INCLUDED IN THE CLASS HAVE CONCLUDED. BECAUSE THE COMPANY AND THE REPRESENTATIVE(S) WERE RELEASED FROM ANY FURTHER LIABILITY OR OBLIGATION WITH RESPECT TO CLAIMS LIKE THOSE MADE BY THE POLICYHOLDER, THE COMPANY IS NOT REVIEWING THIS INQUIRY AND IS MAKING NO FINDING OR FURTHER FILING REGARDING THIS INQUIRY.
Date: July 22, 1996 Category: Customer Dispute Allegations: REGARDING THE 1986 AND 1987 PURCHASE OF TWOVARIABLE APPRECIABLE LIFE (VAL) INSURANCE POLICIES, THE CLIENTALLEGED MISREPRESENTATION AGAINST AN UNNAMED PRUDENTIALREPRESENTATIVE CONCERNING FUNDING PROPOSALS. A SUBSEQUENTINVESTIGATION REVEALED THAT ROBERT MANSUETTO IS THE SUBJECT OFTHE COMPLAINT. Settlement Amount: $51,731.00 Broker Comment: THE COMPANY ADJUSTED THE COST OF THE POLICIES SOTHAT NO FURTHER OUT OF POCKET PREMIUMS WILL BE REQUIRED.(ESTIMATED SETTLEMENT COST: $51,731.00).THIS MATTER IS BEING REPORTED CONSISTENT WITHNASDR RULES PERTAINING TO THE REPORTING OF CERTAIN WRITTENCUSTOMER COMPLAINTS AND SETTLEMENTS OF $10,000 OR MORE. THECOMPANY BY THIS FILING MAKES NO ALLEGATIONS REGARDING THEACTIONS OF THE REPRESENTATIVE.
Date: October 13, 1994 Category: Regulatory Initiated By: NJ DEPARTMENT OF INSURANCE Allegations: CUSTOMER [CUSTOMER] INSISTED THAT I HADFORCED HIM TO PURCHASE A RENTER POLICY IN ORDER TO PURCHASEAUTO INSURANCE. THIS VIOLATED VARIOUS PROVISION OF NJ INSURANCELAWS NJAC II:17A2,5(E) AND NJSA 17:22A-1.7A(1) AND (20) Resolution: Consent SanctionDetails: Sanctions: Monetary/Fine SanctionDetails: Amount: $1,000.00 Sanction Details: CONSENT ORDER ISSUED AND I PAID A FINE OF$1,000. Broker Comment: I DID REQUIRE THAT THE CUSTOMER PURCHASE A RENTERPOLICY BECAUSE I LACKED THE AUTHORITY TO BIND AUTO COVERAGEWITHOUT SUPPORTING BUSINESS. THE STATE INVESTIGATOR UNDERSTOODTHE LIMITED OF MY AUTHORITY BUT MAINTAINED THAT I WAS OBLIGATEDTO SEND THE CUSTOMER TO SOMEONE WITH BRODER AUTHORITY.
Date: October 31, 1990 Category: Regulatory Initiated By: NJ DEPT OF INSURANCE Allegations: I ISSUED AN AUTOMOBILE INSURANCE ID CARD FORAN AUTO POLICY THAT WAS NOT IN FORCE. I DID NOT CHECK TODETERMINE IF THE POLICY PREMIUM HAD BEEN PAID. Resolution: Decision SanctionDetails: Sanctions: Monetary/Fine SanctionDetails: Amount: $5,000.00 Sanction Details: I PAID A FINE OF $5,00 BUT THER WAS NOSUSPENSION OR RESTRICTION. Broker Comment: I HAD ISSUED AN AUTO INSURANCE ID CARD TO ACLIENT BUT HIS POLICY WAS NOT IN FORCE. THERE WAS NO LAWSUITBUT I HAD TO PAY A $5,000 FINE TO THE NJ DEPT OF INSURANCE.
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