Violation Tracker Parent Company Summary

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: 
$45,539,602
Number of records: 
14
Top 5 Offense Groups (Groups Defined)Penalty TotalNumber of Records
employment-related offenses$23,094,8184
consumer-protection-related offenses$16,011,5006
financial offenses$6,433,2844
Top 5 Primary Offense TypesPenalty TotalNumber of Records
benefit plan administrator violation$17,000,0002
insurance violation$16,011,5006
investor protection violation$6,433,2844
employment discrimination$6,000,0001
wage and hour violation$94,8181
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.

Associated Names: 

NEW YORK LIFE; New York Life Insurance; New York Life Insurance and Annuity Corp.; New York Life Insurance Co. et al.; NEW YORK LIFE INVESTMENT MGT; NYLIFE Securities LLC

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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Company Primary Offense Type Year Agency Penalty Amountsort icon
New York Life Insurance Company insurance violation 2013 MULTI-AG $15,000,000
New York Life Insurance benefit plan administrator violation 2008 private lawsuit-federal $14,000,000
New York Life Investment Management LLC investor protection violation 2009 SEC $6,100,784
New York Life Insurance employment discrimination 2006 private lawsuit-federal $6,000,000
New York Life Insurance Company benefit plan administrator violation 2017 private lawsuit-federal $3,000,000
New York Life Insurance Co. et al. insurance violation 2016 MN-FIN $800,000
NYLIFE Securities, LLC investor protection violation 2017 IN-SEC $275,000
New York Life Insurance Co. insurance violation 2009 CA-INS $175,000
New York Life wage and hour violation 2016 private lawsuit-federal $94,818
NYLIFE Securities LLC investor protection violation 2019 ME-SEC $50,000
New York Life Insurance Co. insurance violation 2011 FL-OFR $18,000
NEW YORK LIFE INSURANCE CO insurance violation 2002 VA-INS $13,500
NYLIFE Securities LLC investor protection violation 2017 NH-BSR $7,500
New York Life Insurance and Annuity Corp. insurance violation 2018 DE-INS $5,000
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