Violation Tracker Individual Record

Company: 
First Command Financial Planning, Inc.
Penalty: 
$12,000,000
Year: 
2004
Date: 
December 15, 2004
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Violation Description: 

First Command Financial Planning, Inc. , a registered broker-dealer whose customer base consisted almost entirely of active-duty and retired U.S. military personnel, agreed to spend $12 million on reimbursements and customer education to settle SEC and NASD allegations that it used misleading sales materials to offer and sell mutual-fund investments.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Securities and Exchange Commission
Civil or Criminal Case: 
civil
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.