Prudential Annuities Service misrepresent that Prudential VA customers allow Prudential to transfer assets of Prudential VA customers between their own sub-accounts while PI transfers assets Prudential VA customers between accounts of Prudential Series Fund and VA entrusted Fund without agreements and knowledgeof underlying Prudential VA customers.
To the best of our knowledge no mutual fund rating firm predicted any of the mutual fund scandals or has ever seriously commented upon the legal or ethical issues related to the management of mutual funds.