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Violation Tracker Individual Record

Company: Hartford Financial Services Group, Inc.
Current Parent Company: Hartford Financial Services
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $55,000,000
Year: 2006
Date: November 8, 2006
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: Hartford Financial Services Group, Inc. agreed to pay $55 million to settle allegations that it misrepresented and failed to disclose to fund shareholders and the funds' Boards of Directors its use of fund assets to pay for the marketing and distribution of Hartford mutual funds and annuities.
Level of Government: federal
Action Type: agency action
Agency: Securities and Exchange Commission
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: Connecticut
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.