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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 of Data: (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.