Violation Tracker Individual Record

Company: 
Bankers Life and Casualty Company and BLC Financial Services, Inc.
Current Parent Company: 
CNO Financial
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 Parent: 
USA
HQ State of Parent: 
Indiana
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
insurance
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.