Defendant Name: Prime Capital Services, Inc.

Defendant Type: Other

Document Reference: 34-63813-mdp

Document Details

Legal Case Name In the Matter of Prime Capital Services, Inc., Gilman Ciocia, Inc., Michael P. Ryan, Christie A. Andersen, Eric J. Brown, Matthew J. Collins, Kevin J. Walsh, and Mark W. Wells
Document Name Proposed Modified Plan of Distribution
Document Date 01-Feb-2011
Document Format Administrative Proceeding
File Number 3-13532
Allegation Type Broker Dealer
Document Summary The SEC issued a Proposed Modified Plan of Distribution. According to the SEC: "This Fund was established to provide for the ultimate distribution of disgorgement and civil money penalties to PCS customers injured by the unsuitable and/or fraudulent sales of variable annuities ... and for an additional PCS customer also injured by the unsuitable and/or fraudulent sales of variable annuities who provided substantial assistance to the Division of Enforcement in connection with this administrative proceeding."

Disgorgement & Penalty Information

Resolutions
Fair Funds
Plan of Distribution
Monetary Penalties:

Disgorgement

Individual:     $97,389.05 Shared:    

Pre-Judgment Interest

Individual:     $46,873.53 Shared:    

Total Penalty

Individual:     $144,262.58 Shared:    

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