Randy Barkhurst: Pruco Advisor Faces $500K Complaint

Tualatin, Oregon financial advisor Randy Barkhurst (CRD# 2104888) recently received an investor complaint that alleges his conduct resulted in six-figure damages. Records maintained by the Financial Industry Regulatory Authority indicate that he is a broker with Pruco Securities and an investment advisor with Prudential Financial Planning Services.

Mr. Barkhurst’s BrokerCheck report discloses multiple investor complaints. The most recent, filed in July 2023, alleges that as a representative of Pruco Securities, he recommended “premium flexibility and Life Insurance as an investment.” The pending complaint alleges damages of $500,000.

An earlier investor complaint, filed in 2017, alleged that as a representative of Pruco Securities, he failed to fully disclose “all the facts” regarding an insurance investment. The complaint alleged unspecified damages and was denied.

A third investor complaint, filed in 2012, alleged that he misrepresented material facts regarding a variable appreciable life insurance policy while he was a Pruco Securities representative. In 2003 the complaint reached a settlement of $8,329.89.

According to the Financial Industry Regulatory Authority, Randy Barkhurst holds 32 years of securities industry experience. Based in Tualatin, Oregon, he has been a broker with Pruco Securities since 1990 and an investment advisor with Prudential Financial Planning Services since 2008. He was previously registered with the Prudential Insurance Company of America in Newark New Jersey from 1990 until 1993. His credentials include the passage of five securities industry qualifying exams: the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. He is licensed in California, Hawaii, Idaho, Minnesota, Nevada, Oregon, Texas, and Washington. (Information current as of August 20, 2023.)

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