Defendant Name: Massachusetts Financial Services Company

Defendant Type: Subsidiary of Public Company
Public Company Parent: Sun Life Financial Inc.
SIC Code: 6311
CUSIP: 86679610

Initial Case Details

Legal Case Name In the Matter of Massachusetts Financial Services Company
First Document Date 31-Aug-2018
Initial Filing Format Administrative Action
File Number 3-18704
Allegation Type Investment Advisers/Investment Companies

Violations Alleged

Other
• Sections 206(2), 206(4) Investment Advisers Act; Rules 206(4)-1(a)(5), 206(4)-7 Investment Advisers Act

Resolutions

First Resolution Date 31-Aug-2018
Headline Total Penalty and Disgorgement $1,900,000

Related Documents:

IA-4999 31-Aug-2018 Administrative Proceeding
Order Instituting Administrative and Cease-and-Desist Proceedings Pursuant To Sections 203(e) and 203(k) of the Investment Advisers Act of 1940, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
According to the Commission: "This matter arises from material misstatements and omissions by registered investment adviser MFS to certain of its advisory clients and others concerning hypothetical stock returns associated with MFS's blended research stock ratings."