Primerica controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
Back to profile4 entries
2014
Reported settlement discussions with public-worker plaintiffs
Primerica announced that it was working toward a settlement involving as many as 238 plaintiffs, with the reported settlement amount reaching $15.4 million.
2012
Lawsuits over retirement-product recommendations
Florida firefighters, teachers, and other public workers brought lawsuits alleging that Primerica representatives encouraged them to move assets from government-secured retirement arrangements into higher-risk products that generated commissions.
2010
Criticism of representative economics
Reporting about Primerica's multi-level marketing structure raised concerns that some representatives earned little or lost money after paying fees and other costs associated with operating in the network.
1998
SEC action involving PFS Investments supervision
The SEC censured and fined PFS Investments after concluding that the securities affiliate lacked effective supervision and complaint-follow-up procedures for registered representatives accused of selling securities away from the firm.