Defendant Name: Transamerica Retirement Advisors, LLC

Defendant Type: Subsidiary of Public Company
Public Company Parent: Aegon N.V.
SIC Code: 6719
CUSIP: 0076CA10

Initial Case Details

Legal Case Name In the Matter of Transamerica Retirement Advisors, LLC
First Document Date 17-Jan-2025
Initial Filing Format Administrative Action
File Number 3-22426
Allegation Type Investment Advisers/Investment Companies

Violations Alleged

Other
• Sections 206(2), 206(4) Advisers Act; Rule 206(4)-7 Advisers Act

Resolutions

First Resolution Date 17-Jan-2025
Headline Total Penalty and Disgorgement

See Related Documents

Related Documents:

IA-6826 17-Jan-2025 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
On January 17, 2025, the SEC instituted settled administrative and cease-and-desist proceedings against, stating: "Transamerica Retirement Advisors, a registered investment adviser, breached its fiduciary duty to certain of its advisory clients by failing to disclose conflicts of interest created by paying incentive compensation to its investment advisor representatives in connection with the rollover of retirement assets to accounts with Transamerica Retirement Advisors."
IA-6826-s 17-Jan-2025 Administrative Summary
SEC Charges Investment Adviser for Failing to Disclose Conflicts of Interest Created by Paying Incentive Compensation, Orders It to Pay Affected Clients
On January 17, 2025, the SEC "announced settled charges against registered investment adviser Transamerica Retirement Advisors, LLC (“Transamerica”) for failing to disclose conflicts of interest created by Transamerica’s incentive compensation payments to investment adviser representatives (“IARs”) in connection with the referral and rollover of retirement assets to thousands of Transamerica accounts. The SEC also charged Transamerica with failing to implement disclosure-related policies and procedures."