Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on December 7, 2016 indicate that former Alabama-based Pruco Securities broker Bryan Anderson has been permanently barred from acting as a broker or otherwise associating with firms that sell securities to the public. The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Anderson (CRD# 3116269).
Bryan Anderson has spent fourteen years in the securities industry and was most recently registered with Pruco Securities in Birmingham, Alabama (2012). Previous registrations include MetLife Securities in Birmingham, Alabama (1998-2012) and Metropolitan Life Insurance in Birmingham, Alabama (1998-2007). He is currently not registered with any state or firm.
According to his BrokerCheck report, Bryan Anderson has received two regulatory sanctions, thirteen customer complaints, three pending customer complaints, and one pending regulatory proceeding.
In November 2016 the Securities and Exchange Commission announced administrative proceedings against Bryan Anderson connected to his guilty plea to “(1) one count of wire fraud in violation of Title 18, United States Code, Section 1343; (2) one count of money laundering in violation of Title 18, United States Code, Section 1957; and (3) one count of securities fraud” and subsequence sentencing to “a term of imprisonment of seven years and three months to be followed by three years of supervised release and directed to pay restitution of $3,063,014.” These charges stemmed from allegations that Mr. Anderson “persuaded twelve victims to invest approximately $6.7 million in a stock option trading program and a real estate development company” and “promised his investors a guaranteed rate of return without risk while in fact he used most of their funds to repay other investors or for his own personal expenses.” The action remains pending.
In 2015 a customer alleged Bryan Anderson, while employed at Pruco Securities, “engaged in the sale of unregistered securities and a selling away and Ponzi scheme, and that after he was terminated by the firm, they invested funds with him as part of this scheme and, on information and belief, were subject to defalcation and fraud.” The complaint settled for $50,000.
In 2014 a customer alleged Bryan Anderson, while employed at MetLife Securities, operated a Ponzi scheme. The complaint settled for $750,000.
In 2014 a customer alleged Bryan Anderson, while employed at Pruco Securities, operated a Ponzi scheme. The complaint settled for $500,000.
If you have complaints regarding Bryan Anderson, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recoup your losses. All cases are taken on contingency: we only receive payment if and when you recover money. You may have a limited window to file your complaint, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.