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Violation Tracker Individual Record

Company: Bankers Life and Casualty Company and BLC Financial Services, Inc.
Current Parent CompanyCNO Financial
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $10,641,000
Year: 2012
Date: April 4, 2012
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: Bankers Life and BLC agreed to pay $10.6 million to a group of states to resolve alleged violations of rules regarding the licensing of investment advisors.
Level of Government: state
Action Type: agency action
Agency: Multistate Financial Regulators Case
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: Indiana
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.