Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: ING
Current Parent Company: Voya Financial
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Recap of Ownership Changes:  subscribe to see this data field
Penalty: $33,000,000
Year: 2006
Date: October 10, 2006
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: The attorneys general of New York and New Hampshire announced an agreement with ING designed to set new national standards for transparency in the marketing of retirement products. It also provided compensation to teachers whose union had received payments from ING to promote its annuity plans.
Level of Government: state
Action Type: agency action
Agency: Multistate Attorneys General Case
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: New York
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: financial services
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.