Defendant Name:
Transamerica Financial Advisors, Inc.
Defendant Type:
Subsidiary of Public Company
Public Company Parent:
Aegon N.V.
SIC Code:
6311
CUSIP:
00792410
Document Reference:
33-10539
Document Details
Legal Case Name
In the Matter of AEGON USA Investment Management, LLC, Transamerica Asset Management, Inc., Transamerica Capital, Inc., and Transamerica Financial Advisors, Inc.
Document Name
Order Instituting Administrative and Cease-and-Desist Proceedings, Pursuant to Section 8A of the Securities Act of 1933, Section 15(b) of the Securities Exchange Act of 1934, Sections 203(e) and 203(k) of the Investment Advisers Act of 1940, and Section 9(f) of the Investment Company Act of 1940, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
Document Date
27-Aug-2018
Document Format
Administrative Proceeding
Allegation Type
Investment Advisers/Investment Companies
Document Summary
According to the Commission: "Respondents violated the federal securities laws and rules thereunder while offering, selling, and managing 15 quantitative-model-based mutual funds, variable life insurance investment portfolios, and variable annuity investment portfolios (each of which was a registered investment company and collectively are the "Products") and separately managed account ("SMA") strategies (the "Strategies") (collectively, the "Products and Strategies")."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Censured
Compliance Related Independent Consultant
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Fair Funds
Monetary Penalties:
Disgorgement
Individual:
$1,700,000.00
Shared:
Civil Penalty
Individual:
$800,000.00
Shared:
Pre-Judgment Interest
Individual:
$258,162.00
Shared:
Other Defendants in Action:
