NEWARK, N.J. – CFO.com on August 6 reported that Prudential Financial Inc. has settled Securities and Exchange Commission civil charges that Prudential improperly reported over $200 million in income as the result of "sham" finite reinsurance contracts. Without admitting or denying the commission's allegations, Prudential agreed to settle the charges, agreeing to be permanently enjoined from further violations of certain securities rules. The company was not required to pay a fine or make any other payments, however. Full version available here.