Defendant Name: Transamerica Asset Management, Inc.

Defendant Type: Subsidiary of Public Company

Document Reference: IA-5599-s

Document Details

Legal Case Name In the Matter of Transamerica Asset Management, Inc.
Document Name Denver Investment Adviser Settles Charges for Disclosure Failures
Document Date 30-Sep-2020
Document Format Administrative Proceeding
File Number 3-20105
Allegation Type Investment Advisers/Investment Companies
Document Summary The SEC "announced settled charges against Transamerica Asset Management, Inc., a registered investment adviser based in Denver, Colorado, for making misrepresentations regarding expenses charged by four money market funds that TAM managed."

Disgorgement & Penalty Information

Resolutions
Cease and Desist Order
Censured
Remedial Acts or Efforts Before the Resolution
Self Reporting to SEC
Monetary Penalties:

Disgorgement

Individual:     $5,258,357.30 Shared:    

Pre-Judgment Interest

Individual:     $688,425.23 Shared:    

Related Documents:

IA-5599 30-Sep-2020 Administrative Proceeding
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
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."