DID ARTHUR LAMBERT CONE III CAUSE YOU INVESTMENT LOSSES?
Arthur Cone, III Formerly With Pruco Securities, LLC Has A Customer Complaint For Alleged Broker Misconduct
About Arthur Cone, III formerly with Pruco Securities, LLC
Arthur Cone, III (CRD #4879441) presents a problematic trajectory in the financial advisory landscape. Not currently registered, his tenure in the industry has been marked by significant concerns and an underwhelming qualification profile. Cone has worked for multiple firms including PRUCO Securities, LLC, Transamerica Financial Advisors, Inc., and World Group Securities, Inc., showcasing a career that spans from January 2005 to January 2024. He passed three general industry/product exams and two multi-state securities law exams but failed to complete any principal/supervisory exams, reflecting a possible limitation in his professional competence and oversight capabilities. His employment history is further tarnished by a customer dispute that questions his reliability and adherence to ethical standards.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Arthur Cone, III Customer Complaint and Reviews
- Customer Dispute (Closed-No Action)
- Date Complaint Received: September 21, 2023
- Allegations: The client alleged that Cone failed to inform him of the annual funding requirement for an insurance policy, potentially causing significant financial harm.
- Alleged Damages: $25,000
- Outcome: The dispute was closed without action on November 17, 2023. The allegation was denied by Cone, and no corrective financial action was required.
Allegations Against Arthur Cone
- Arthur Cone III faced allegations related to a failure to adequately inform a client about the terms of an insurance policy, specifically its annual funding requirements. This issue led to a formal complaint, which was ultimately closed with no action taken. However, the nature of the complaint highlights potential issues regarding his communication skills with clients.
Arthur Cone, III Red Flags & Your Rights As An Investor
Of course, Arthur Cone, III did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Arthur Cone, III at Pruco Securities, LLC on alert to review carefully the activity and performance of their accounts and question whether Arthur Cone, III has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Pruco Securities, LLC also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At Pruco Securities, LLC Due To Arthur Cone, III
If you have questions about Pruco Securities, LLC and/or Arthur Cone, III and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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