Defendant Name:
Transamerica Retirement Advisors, LLC
Defendant Type:
Subsidiary of Public Company
Public Company Parent:
Aegon N.V.
SIC Code:
6719
CUSIP:
0076CA10
Document Reference:
IA-6826
Document Details
Legal Case Name
In the Matter of Transamerica Retirement Advisors, LLC
Document Name
Order Instituting Administrative and Cease-and-Desist Proceedings, Pursuant to Sections 203(e) and 203(k) of the Investment Advisers Act of 1940, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
Document Date
17-Jan-2025
Document Format
Administrative Proceeding
Allegation Type
Investment Advisers/Investment Companies
Document Summary
On January 17, 2025, the SEC instituted settled administrative and cease-and-desist proceedings against, stating: "Transamerica Retirement Advisors, a registered investment adviser, breached its
fiduciary duty to certain of its advisory clients by failing to disclose conflicts of interest created
by paying incentive compensation to its investment advisor representatives in connection with
the rollover of retirement assets to accounts with Transamerica Retirement Advisors."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Censured
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Fair Funds
Monetary Penalties:
Civil Penalty
Individual:
$2,900,000.00
Shared:
