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Violation Tracker Current Parent Company Summary

Current Parent Company Name: New York Life Insurance
Ownership Structure: mutual
Headquartered in: New York
Major Industry: financial services
Specific Industry: insurance
Penalty total since 2000$51,243,627
Number of records: 20
Top 5 Offense Groups (Groups Defined)Penalty TotalNumber of Records
consumer-protection-related offenses$26,996,8289
employment-related offenses$17,102,8184
financial offenses$7,137,2846
safety-related offenses$6,6971
Top 5 Primary Offense TypesPenalty TotalNumber of Records
benefit plan administrator violation$17,000,0002
insurance violation$16,067,8288
consumer protection violation$10,929,0001
investor protection violation$7,137,2846
wage and hour violation$102,8182
Notes: Parent-subsidiary linkages are based on relationships current as of the latest revision listed in the Update Log, which may vary from what was the case when a violation occurred. The penalty totals are adjusted to account for the fact that the individual entries below may include both agency records and settlement announcements for the same case; or else a penalty covering multiple locations may be listed in the individual records for each of the facilities. The totals are also adjusted to reflect cases in which federal and state or local agencies cooperated and issued separate announcements of the outcome. Duplicate or overlapping penalty amounts are marked with an asterisk in the list below.

Links: Subsidy Tracker data on financial assistance to this company by federal, state and local government agencies can be found here.

Individual Penalty Records:

Click on the company or penalty amount for more information on each case.

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CompanyPrimary Offense TypeYearAgencyPenalty Amount sort icon
New York Life Insurance Companyinsurance violation2013MULTI-AG$15,000,000
New York Life Insurancebenefit plan administrator violation2008private lawsuit-federal$14,000,000
New York Life Insurance & Annuity Corporationconsumer protection violation2021NY-DFS$10,929,000
New York Life Investment Management LLCinvestor protection violation2009SEC$6,100,784
New York Life Insurance Companybenefit plan administrator violation2017private lawsuit-federal$3,000,000
New York Life Insurance Co. et violation2016MN-FIN$800,000
NYLIFE Securities LLCinvestor protection violation2007FINRA$354,000
NYLife Securities, Inc.investor protection violation2004FINRA$350,000
NYLIFE Securities, LLCinvestor protection violation2017IN-SEC$275,000
New York Life Insurance violation2009CA-INS$175,000
New York Lifewage and hour violation2016private lawsuit-federal$94,818
NYLIFE Securities LLCinvestor protection violation2019ME-SEC$50,000
NEW YORK LIFE INSURANCE COMPANYinsurance violation2024WA-INS$46,328
New York Life Insurance violation2011FL-OFR$18,000
NEW YORK LIFE INSURANCE COinsurance violation2002VA-INS$13,500
New York Life Insurance Company and New York Life Insurance and Annuity Corporationinsurance violation2021MT-FIN$10,000
New York Life Insurance Companywage and hour violation2017MI-LEO$8,000
NYLIFE Securities LLCinvestor protection violation2017NH-BSR$7,500
NEW YORK LIFE INSURANCE COMPANYworkplace safety or health violation2023OSHA$6,697
New York Life Insurance and Annuity violation2018DE-INS$5,000
(*): Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting.