Primerica, Inc. (PRI)
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Primerica, Inc. (“Primerica” or “the Company”) (NYSE: PRI). Investors who purchased Primerica securities are encouraged to obtain additional information and assist the investigation.
The investigation concerns whether Primerica has violated federal securities laws.
Investigation Details:
On April 18, 2024, The Bear Cave published a short report on Primerica, which described the Company as “a pyramid scheme.” The Bear Cave cited “extensive evidence suggesting that Primerica’s highest producing agents are engaged in misleading, false, or deceptive conduct including 1) a recorded Zoom presentation from a Senior National Sales Director that alleges crooked conduct, ‘fake numbers,’ and appears to suggest an ongoing internal investigation, 2) a text message recruiting script for new agents that appears to deliberately obfuscate their association with Primerica, 3) agent presentations that emphasize recruiting over serving independent customers and 4) a presentation by a high-producing agent saying ‘it’s normal to be a millionaire.’”
The Bear Cave also cited “complaints obtained through public records requests” which “allege forged signatures on six-figure investment contracts” and “‘institutionalized theft[.]’”
Following publication of the Bear Cave report, Primerica’s stock price fell sharply during intraday trading on April 18, 2024.
What’s Next?
If you are aware of any facts relating to this investigation or purchased Primerica securities, you can assist this investigation. You can also contact Peretz Bronstein or his client relations manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.
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Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Nathan Miller,