SEC revokes Prudentialife's license to sell new pre-need plans
Posted at 04/21/2009 1:35 AM
The Securities and Exchange Commission (SEC) has revoked the dealers' license of pre-need firm Prudentialife Plans Incorporated after it failed to make up for the deficiency in its trust fund. SEC Chair Fe Barin said the assets offered by the company to make up for the deficiency were not eligible.