AVINESH K. SHANKAR

03/19/2026: Between November 2022 and January 2024 (the “Relevant Period”), while registered with member firm Pruco Securities, LLC (“Pruco” or “the firm”), Avinesh Shankar forged 643 customers’ signatures on 115 annuity applications without the customers’ prior knowledge or consent. Shankar submitted the forged annuity applications to the firm and received from the firm advanced payment on commissions for the associated annuities. The annuities were never funded. In total, Shankar received $511,609.74 in commissions to which he was not entitled. By virtue of the foregoing, Shankar violated FINRA Rule 2010 by forging customer signatures and converting funds...

02/17/2026: The Department of Enforcement alleges: 1. Between November 2022 and January 2024 (the “Relevant Period”), while registered with member firm Pruco Securities, LLC (“Pruco” or “the firm”), Avinesh Shankar forged 64 customers’ signatures on 115 annuity applications without the customers’ prior knowledge or consent. 2. Shankar submitted the forged annuity applications to the firm and received from the firm advanced payment on commissions for the associated annuities. The annuities were never funded. In total, Shankar received $511,609.74 in commissions to which he was not entitled. 3. By virtue of the foregoing, Shankar violated FINRA Rule 2010 by forging customer signatures and converting funds.

Reference 2024081563501data-portal.finra.orgfinra.orgdata-portal.finra.org