Defendant Name:
MetLife, Inc
Defendant Type:
Public Company
SIC Code:
6311
CUSIP:
59156R10
Document Reference:
34-87793
Document Details
Legal Case Name
In the Matter of MetLife, Inc.
Document Name
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order
Document Date
18-Dec-2019
Document Format
Administrative Proceeding
Allegation Type
Issuer Reporting and Disclosure
Document Summary
On December 18, 2019, the SEC instituted settled cease-and-desist proceedings against MetLife, Inc. The SEC stated: "These proceedings arise out of MetLife's failure to keep accurate books and records and devise and maintain a sufficient system of internal accounting controls with respect to its accounting for reserves associated with certain of its annuities products."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:
Civil Penalty
Individual:
$10,000,000.00
Shared:
