Defendant Name:
Transamerica Asset Management, Inc.
Defendant Type:
Subsidiary of Public Company
Public Company Parent:
Aegon N.V.
SIC Code:
6311
CUSIP:
00792410
Document Reference:
IA-5599
Document Details
Legal Case Name
In the Matter of Transamerica Asset Management, Inc.
Document Name
Order Instituting Administrative and Cease-and-Desist Proceedings Pursuant to Sections 203(e) and 203(k) of the Investment Advisers Act 1940 and Sections 9(b) and 9(f) of the Investment Company Act of 1940, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
Document Date
30-Sep-2020
Document Format
Administrative Proceeding
Allegation Type
Investment Advisers/Investment Companies
Document Summary
On September 30, 2020, the SEC instituted settled cease-and-desist proceedings against Transamerica Asset Management, Inc. The Commission stated: "These proceedings arise out of registered investment adviser TAM's material misstatements and omissions to investors related to the annual operating expenses of four money market funds (the "Funds") that TAM managed."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Censured
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Self Reporting to SEC
Disgorgement Plan
Monetary Penalties:
Disgorgement
Individual:
$5,258,357.30
Shared:
Pre-Judgment Interest
Individual:
$688,425.23
Shared:
Total Penalty
Individual:
$5,946,782.53
Shared:
