Defendant Name: Transamerica Asset Management, Inc.

Defendant Type: Subsidiary of Public Company
Public Company Parent: Aegon N.V.
SIC Code: 6311
CUSIP: 00792410

Initial Case Details

Legal Case Name In the Matter of Transamerica Asset Management, Inc.
First Document Date 30-Sep-2020
Initial Filing Format Administrative Action
File Number 3-20105
Allegation Type Investment Advisers/Investment Companies

Violations Alleged

Other
• Section 34(b) Investment Company Act

Resolutions

First Resolution Date 30-Sep-2020
Headline Total Penalty and Disgorgement $5,946,783

Related Documents:

IA-5599 30-Sep-2020 Administrative Proceeding
Order Instituting Administrative and Cease-and-Desist Proceedings Pursuant to Sections 203(e) and 203(k) of the Investment Advisers Act 1940 and Sections 9(b) and 9(f) of the Investment Company Act of 1940, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
On September 30, 2020, the SEC instituted settled cease-and-desist proceedings against Transamerica Asset Management, Inc. The Commission stated: "These proceedings arise out of registered investment adviser TAM’s material misstatements and omissions to investors related to the annual operating expenses of four money market funds (the “Funds”) that TAM managed."
IA-5599-s 30-Sep-2020 Administrative Summary
Denver Investment Adviser Settles Charges for Disclosure Failures
The SEC "announced settled charges against Transamerica Asset Management, Inc., a registered investment adviser based in Denver, Colorado, for making misrepresentations regarding expenses charged by four money market funds that TAM managed."