Violation Tracker Individual Record

Company: 
ING
Current Parent Company: 
Voya Financial
Penalty: 
$33,000,000
Year: 
2006
Date: 
October 10, 2006
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Violation Description: 

The attorneys general of New York and New Hampshire announced an agreement with ING designed to set new national standards for transparency in the marketing of retirement products. It also provided compensation to teachers whose union had received payments from ING to promote its annuity plans.

Level of Government: 
state
Action Type: 
agency action
Agency: 
Multistate Attorneys General Case
Civil or Criminal Case: 
civil
HQ Country of Parent: 
USA
HQ State of Parent: 
New York
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
financial services
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.