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Prudential Securities financial adviser Jeffrey Pickett was so convinced in 1998 of an imminent stock market crash that he shifted $40 million of his clients' stocks -- without their required permission -- to protect their assets. Last week, a Marion County, Ohio, jury awarded 300 plaintiffs a record $261.7 million judgment against Prudential.
October 25, 2002 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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