Defendant Name: Jefferson National Life Insurance Company

Defendant Type: Other

Document Reference: 34-61210

Document Details

Legal Case Name In the Matter of Inviva, Inc. and Jefferson National Life Insurance Company
Document Name Notice of Proposed Plan of Distribution and Opportunity for Comment
Document Date 18-Dec-2009
Document Format Administrative Proceeding
File Number 3-11579
Allegation Type Investment Advisers/Investment Companies
Document Summary On December 18, 2009, the SEC issued a Notice of Proposed Plan of Distribution and Opportunity for Comment.

Disgorgement & Penalty Information

Resolutions
Cease and Desist Order
Fair Funds
Plan of Distribution
Monetary Penalties:

Disgorgement

(Penalty was noted in document, but no amount was listed)

Civil Penalty

(Penalty was noted in document, but no amount was listed)

Total Penalty

Individual:     Shared:     $5,000,000.00
Shared with: Inviva, Inc.

Related Documents:

33-8456 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 At of 1933, Section 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 Inviva, Inc. and Jefferson National Life Insurance Company. According to the SEC: "From in or about October 2002 through September 2003, Respondents Inviva, a private New York-based insurance holding company, and Jefferson National, an Inviva subsidiary that issued variable annuities, allowed a group of hedge funds and customers of registered representatives to engage in market timing trading on behalf of Jefferson National variable annuity contract owners."
33-9021 01-Apr-2009 Administrative Proceeding
Order Amending 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, Section 21C of the Securities Exchange Act of 1934, and Sections 9(b) and 9(f) of the Investment Company Act of 1940
34-61210-pdp 18-Dec-2009 Administrative Proceeding
Proposed Plan of Distribution
On December 18, 2009, a Proposed Plan of Distribution was published.
34-61600 26-Feb-2010 Administrative Proceeding
Order Approving Plan, Appointing a Fund Administrator, and Waiving Bond
On February 26, 2010, the SEC issued an order appointing a fund administrator, waiving the usual bond requirement, and approving the parties' fair fund distribution plan. The distribution plan provided for "distribution to investors affected by certain market timing trading through Jefferson National's variable annuity products."
34-62228 04-Jun-2010 Administrative Proceeding
Order Directing Disbursement of Fair Fund
On June 4, 2010, the SEC issued an Order Directing Disbursement of Fair Fund.
34-71882 04-Apr-2014 Administrative Proceeding
Order Authorizing the Transfer of Remaining Funds and Any Future Funds Returned to the Fair Fund to the U.S. Treasury, Discharging the Fund Administrator and Terminating the Fair Fund
On April 4, 2014, the SEC issued an administrative order authorizing "the transfer of remaining funds and any future funds returned to the fair fund to the U.S. Treasury, discharging the Fund Administrator, and Terminating the Fair Fund."

Other Defendants in Action:

Inviva, Inc.