Defendant Name:
MetLife, Inc
Defendant Type:
Public Company
Document Reference:
2019-269
Document Details
Legal Case Name
In the Matter of MetLife, Inc.
Document Name
MetLife to Pay $10 Million for Longstanding Internal Control Failures
Document Date
18-Dec-2019
Document Format
Administrative Proceeding
Allegation Type
Issuer Reporting and Disclosure
Document Summary
The SEC stated that: "[It] charged MetLife, Inc. with violating the books and records and internal accounting controls provisions of the federal securities laws relating to two errors in its accounting for reserves associated with its annuities businesses. MetLife has agreed to pay $10 million to settle the charges."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Monetary Penalties:
Civil Penalty
Individual:
$10,000,000.00
Shared: