The Financial Industry Regulatory Authority has ordered a New Jersey company to pay more than $10.7 million in restitution, plus interest, to customers who placed mutual fund orders with Pruco Securities, LLC, via facsimile or paper orders from late 2003 to June 2011 and received an inferior price for their shares.

FINRA also fined Pruco $550,000 for its pricing errors and for failing to have an adequate supervisory system and written procedures in this area.

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