Prime Capital Services, a New York-Based Firm, Charged With Fraudulent And Unsuitable Sales of Variable Annuities to Florida Senior Citizens

According to the Securities and Exchange Commission (SEC), Prime Capital Services (PCS), a New York-Based Firm, has been charged with luring Florida senior citizens through free-lunch seminars to buy variable annuities which were unsuitable for these individuals. The SEC states that PCS is a registered broker-dealer that is a wholly-owned subsidiary of Gilman Ciocia, Inc.…