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Denise Gadot Allegedly Executed Excessive Trades

Denise Gadot (CRD #: 2131807), a broker registered with Pruco Securities, is involved an investor dispute, according to her BrokerCheck record, accessed on May 12, 2022. To learn more about Denise Gadot’s conduct as a stock broker, keep reading.

On March 2, 2022, an investor alleged that Denise Gadot did not fully disclose all the facts regarding the dollar amount of premium payments. The investor further alleged that Denise Gadot engaged in churning, also known as excessive trading.

FINRA Rule 2111

Churning violates FINRA Rule 2111—the “suitability” rule. The type of security as well as the number of securities transactions must fit the investor’s needs. Securities transactions incur fees, so too many transactions will prevent the investment portfolio from generating a profit.

FINRA Rule 2020

FINRA Rule 2020 prohibits misrepresentations and omissions. Stock brokers are not allowed to omit material facts (such as the dollar amount of the premium payments) that may influence a customer’s decision to invest.

Background Information

Denise Gadot has passed the following exams:

  • SIE – Securities Industry Essentials Examination
  • Series 6 Investment Company Products/ Variable Contracts Representative Examination

She is a registered broker in New Jersey.

Denise Gadot has worked with the following firms:

  • Pruco Securities (CRD #: 5685)
  • The Prudential Insurance Company of America (CRD #: 680)

Kurta Law Can Help

If you worked with Denise Gadot and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. 

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