Defendant Name:
Massachusetts Financial Services Company
Defendant Type:
Subsidiary of Public Company
Public Company Parent:
Sun Life Financial Inc.
SIC Code:
6311
CUSIP:
86679610
Document Reference:
IA-4999
Document Details
Legal Case Name
In the Matter of Massachusetts Financial Services Company
Document Name
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
Document Date
31-Aug-2018
Document Format
Administrative Proceeding
Allegation Type
Investment Advisers/Investment Companies
Document Summary
According to the Commission: "This matter arises from material misstatements and omissions by registered investment adviser MFS to certain of its advisory clients and others concerning hypothetical stock returns associated with MFS's blended research stock ratings."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Censured
Compliance Related Independent Consultant
Monetary Penalties:
Civil Penalty
Individual:
$1,900,000.00
Shared:
