Defendant Name: MetLife, Inc

Defendant Type: Public Company
SIC Code: 6311
CUSIP: 59156R10

Initial Case Details

Legal Case Name In the Matter of MetLife, Inc.
First Document Date 18-Dec-2019
Initial Filing Format Administrative Action
File Number 3-19624
Allegation Type Issuer Reporting and Disclosure

Violations Alleged

Exchange Act
Sec 13(b)(2)(A)
Sec 13(b)(2)(B)


First Resolution Date 18-Dec-2019
Headline Total Penalty and Disgorgement

See Related Documents

Related Documents:

34-87793 18-Dec-2019 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 December 18, 2019, the SEC instituted settled cease-and-desist proceedings against MetLife, Inc. The SEC stated: "These proceedings arise out of MetLife's failure to keep accurate books and records and devise and maintain a sufficient system of internal accounting controls with respect to its accounting for reserves associated with certain of its annuities products."
2019-269 18-Dec-2019 Press Release--Administrative Proceeding
MetLife to Pay $10 Million for Longstanding Internal Control Failures
The SEC stated that: "[It] charged MetLife, Inc. with violating the books and records and internal accounting controls provisions of the federal securities laws relating to two errors in its accounting for reserves associated with its annuities businesses. MetLife has agreed to pay $10 million to settle the charges."