Violation Tracker Individual Record
Company:Massachusetts Financial Services Company
Date:March 31, 2004
Offense Group:financial offenses
Primary Offense:investor protection violation
Secondary Offense:securities issuance or trading violation
Massachusetts Financial Services Company agreed to pay $50 million to settle allegations that it failed to adequately disclose the specifics of its shelf-space arrangements with brokerage firms and the conflicts created by those arrangements.
Level of Government:federal
Action Type:agency action
Agency:Securities and Exchange Commission
Civil or Criminal Case:civil
HQ Country of Parent:Canada
Ownership Structure of Parent:publicly traded
Major Industry of Parent:financial services
Specific Industry of Parent:life insurance
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