Defendant Name: Voya Financial Advisors, Inc.

Defendant Type: Subsidiary of Public Company
Public Company Parent: Voya Financial, Inc.
SIC Code: 6311
CUSIP: 92908910

Initial Case Details

Legal Case Name In the Matter of Voya Financial Advisors, Inc.
First Document Date 26-Sep-2018
Initial Filing Format Administrative Action
File Number 3-18840
Allegation Type Broker Dealer

Violations Alleged

Other
• Rule 30(a), Regulation S-P; Rule 201, Regulation S-ID

Resolutions

First Resolution Date 26-Sep-2018
Headline Total Penalty and Disgorgement $1,000,000

Related Documents:

34-84288 26-Sep-2018 Administrative Proceeding
Order Instituting Administrative and Cease-and-Desist Proceedings Pursuant to Sections 15(b) and 21C of the Securities Exchange Act of 1934, and Section 203(e) and 203(k) of the Investment Advisors Act of 1940, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
The Commission stated that: "These proceedings arise out of VFA's failure to adopt written policies and procedures reasonably designed to protect customer records and information, in violation of Rule 30(a) of Regulation S-P (17 C.F.R. § 248.30(a)) (the "Safeguards Rule"), and VFA's failure to develop and implement a written Identity Theft Prevention Program as required by Rule 201 of Regulation S-ID (17 C.F.R. § 248.201) (the "Identity Theft Red Flags Rule")."
2018-213 26-Sep-2018 Press Release--Administrative Proceeding
SEC Charges Firm with Deficient Cybersecurity Procedures
The Commission stated that: "The Securities and Exchange Commission today announced that a Des Moines-based broker-dealer and investment adviser has agreed to pay $1 million to settle charges related to its failures in cybersecurity policies and procedures surrounding a cyber intrusion that compromised personal information of thousands of customers."