Defendant Name: PHL Variable Insurance Company

Defendant Type: Subsidiary of Public Company
Public Company Parent: The Phoenix Companies Inc.
SIC Code: 6311
CUSIP: 71902E60

Initial Case Details

Legal Case Name In the Matter of the Phoenix Companies, Inc. and PHL Variable Insurance Company
First Document Date 21-Mar-2014
Initial Filing Format Administrative Action
File Number 3-15810
Allegation Type Issuer Reporting and Disclosure

Violations Alleged

Exchange Act
• Sec 13(a)
• Rule 13a-13
• Sec 15(d)
Other
• Rules 15d-1, 15d-13 Exchange Act

Resolutions

First Resolution Date 21-Mar-2014
Headline Total Penalty and Disgorgement $950,000

Related Documents:

34-71768 21-Mar-2014 Administrative Proceeding
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order
On March 21, 2014, the SEC instituted a settled administrative proceeding against PHL Variable Insurance Company. According to the SEC: "On September 18, 2012, PHL Variable announced that its previously issued audited financial statements for the years ended December 31, 2011, 2010 and 2009 could no longer be relied upon and should be restated, along with the unaudited financial statements for the quarterly periods dating back to March 31, 2011."
34-72738 01-Aug-2014 Administrative Proceeding
Order Amending Order Instituting Cease-and-Desist Proceedings Pursuant to Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order and Revised Undertakings
On August 1, 2014, SEC issued an order amending an earlier order instituting cease-and-desist proceedings against PHL Variable Insurance Company and Phoenix Companies, Inc. SEC found that, since the earlier order in March 2014, the defendants announced restatement but failed to file any quarterly and annual reports as required.

Other Defendants in Action:

The Phoenix Companies, Inc.