Defendant Name: Conseco Services, LLC

Defendant Type: Subsidiary of Public Company
Public Company Parent: Conseco, Inc.
SIC Code: 6311
CUSIP: 20846488

Initial Case Details

Legal Case Name In the Matter of CIHC, Inc., Conseco Services, LLC, and Conseco Equity Sales, Inc.
First Document Date 09-Aug-2004
Initial Filing Format Administrative Action
File Number 3-11578
Allegation Type Investment Advisers/Investment Companies

Violations Alleged

Exchange Act
• Sec 10(b) + Rule 10b-5
Securities Act
• Sec 17(a) (Not specified)
Other
• Section 34(b) Investment Company Act

Resolutions

First Resolution Date 09-Aug-2004
Headline Total Penalty and Disgorgement

See Related Documents

Related Documents:

33-8455 09-Aug-2004 Administrative Proceeding
Order Instituting Administrative and Cease-and-Desist Proceedings Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order Pursuant to Section 8A of the Securities Act of 1933, Sections 15(b) and 21C of the Securities Exchange Act of 1934, and Sections 9(b) and 9(f) of the Investment Company Act of 1940
On August 9, 2004, the SEC instituted settled administrative and cease-and-desist proceedings against CIHC, Inc. ('CIHC'), Conseco Services, LLC ('Conseco Services'), and Conseco Equity Sales, Inc ('CES'). According to the SEC: "From late 1999 through at least September 2002, Conseco Variable Insurance Company ('CVIC'), CES, and Conseco Services issued, underwrote, marketed and sold variable annuity products to hedge funds and other individuals and entities that wanted to market time the mutual funds offered through these variable annuity products." The SEC stated that: "CVIC's immediate parent was Conseco Life Insurance Company of Texas ('Conseco Life'), which in turn was a wholly owned subsidiary of CIHC, the general holding company for the insurance business of Conseco, Inc."
34-61209-pdp 19-Jan-2010 Administrative Proceeding
Proposed Plan of Distribution
On January 19, 2010, a Proposed Plan of Distribution was published.
34-61209A 19-Jan-2010 Administrative Proceeding
Amended Notice of Proposed Plan of Distribution and Opportunity for Comment
On January 19, 2010, the SEC issued an Amended Notice of Proposed Plan of Distribution and Opportunity for Comment.
34-61601 26-Feb-2010 Administrative Proceeding
Order Approving Plan, Appointing a Fund Administrator, and Waiving Bond
On February 26, 2010, the SEC issued an Order Approving Plan, Appointing a Fund Administrator, and Waiving Bond. The SEC appointed Rust Consulting, Inc. as the Fund Administrator, and waived the bond requirement of Fund Administrator for the good cause shown in the Distribution Plan.
34-72999 04-Sep-2014 Administrative Proceeding
Order Directing Disbursement of Fair Fund
On September 4, 2014, the SEC published an order directing the disbursement of a fair fund distributing the disgorgement, prejudgment interest, and civil penalties paid by CIHC, Inc., Conseco Services, LLC, and Conseco Equity Sales, Inc. The Commission ordered that $4,263,506.27 be transferred from the Fair Fund to be distributed by the Fund Administrator.
34-74522 17-Mar-2015 Administrative Proceeding
Order Directing Disbursement of Fair Fund
On March 17, 2015, the SEC ordered that "the Commission staff shall transfer $2,064,027.70 from the Fair Fund to U.S. Bank, NA, and that the Fund Administrator shall distribute such monies to investors, along with $800,000 in funds held at U.S. Bank, NA, as provided for in the Distribution Plan."
34-78370 20-Jul-2016 Administrative Proceeding
Order Directing Disbursement of Fair Fund
On January 19, 2010, an order directing the 3rd round of Distribution was published.
34-80452 13-Apr-2017 Administrative Proceeding
Order Directing Disbursement of Fair Fund
On April 13, 2017 the SEC issued an Order directing disbursement of fair fund created in relation to an Amended Notice of Proposed Plan of Distribution and Opportunity for Comment (“Notice”) pursuant to Rule 1103 of the Commission’s Rules of Fair Fund and Disgorgement Plan published on January 19, 2010 which was approved on February 26, 2010.
34-81064_3-11578 30-Jun-2017 Administrative Proceeding
Notice of Name Change of Appointed Tax Administrator
On June 30, 2017, the SEC announced a Name Change of Appointed Tax Administrator, and amended the Omnibus Order, beginning June 2017 and for calendar year 2018, to replace all references to Damasco with "Miller Kaplan Arase LLP which acquired Damasco & Associates LLP" in order to reflect Damasco's name change.
34-82118 20-Nov-2017 Administrative Proceeding
Order Directing Disbursement Of Fair Fund
According to the SEC: "It is ORDERED that the Commission shall transfer $4,640,771.95 from the Fair Fund to U.S. Bank, N.A., and the Fund Administrator shall distribute such monies to investors, along with $500,000 in funds held at U.S. Bank, N.A., as provided for in the Distribution Plan."
34-87523 13-Nov-2019 Administrative Proceeding
Order Directing Disbursement of Fair Fund
The Commission stated: "[I]t is ORDERED that the Commission shall transfer $3,544,633.27 from the Fair Fund to U.S. Bank, N.A., and the Fund Administrator shall distribute such monies to investors, along with $1,700,000 in funds held at U.S. Bank, N.A., as provided for in the Distribution Plan."
34-101112 20-Sep-2024 Administrative Proceeding
Order Directing Seventh Disbursement of Fair Fund
The Commission ordered that: "Commission staff shall transfer $302,500.00 from the Fair Fund to the Fair Fund’s escrow account at U.S. Bank, N.A. for distribution in accordance with the Plan."

Other Defendants in Action:

Conseco Equity Sales, Inc.
CIHC, Inc.