
                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: THURSDAY, November 3, 1994                   TAG: 9411030078
SECTION: BUSINESS                    PAGE: B-9   EDITION: METRO 
SOURCE: MAG POFF
DATELINE:                                 LENGTH: Short

PRUDENTIAL CLAIMS SLOW IN VA.

About 61 percent of Virginians who might be eligible to recover under a settlement from Prudential Securities Inc. of New York still have not filed claims, according to the State Corporation Commission.

The agency said Wednesday that 2,780 of the 7,039 forms sent to Virginia investors have been returned. So far, Virginia investors have been paid $6.6 million in settlements.

Forms were sent to people who bought the company's real estate and energy limited partnerships between 1980 and 1990. Prudential brokers are alleged to have made false statements about both the risks and the expected returns of the partnerships in order to generate sales.

The commission said that, in many instances, the investments were unsuitable in light of the investor's financial condition or investment objectives.

The forms were mailed in January; the deadline for returning them to Prudential is Jan. 10, 1995.

by CNB