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Violation Tracker Individual Record

Company: Transamerica Financial Advisors
Current Parent Company: Aegon
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $1,107,248
Year: 2014
Date: April 3, 2014
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: Transamerica Financial Advisors agreed to provide refunds to clients and pay a penalty to settle allegations that it overcharged clients by improperly calculating advisory fees.
Level of Government: federal
Action Type: agency action
Agency: Securities and Exchange Commission
Civil or Criminal Case: civil
HQ Country of Current Parent: Netherlands
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: insurance
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.