Violation Tracker Individual Record
Company:
MML Investor Services, Inc.
Current Parent Company:
Massachusetts Mutual Life Insurance
Penalty:
$250,000
Year:
2004
Date:
November 30, 2004
Offense Group:
financial offenses
Primary Offense:
investor protection violation
Violation Description:
NASD censured and fined 29 securities firms over $9.2 million for more than 8,000 late disclosures of reportable information about their brokers, including customer complaints, regulatory actions, and criminal charges and convictions.
Level of Government:
federal
Action Type:
agency action
Agency:
Financial Industry Regulatory Authority
Civil or Criminal Case:
civil
HQ Country of Parent:
USA
HQ State of Parent:
Massachusetts
Ownership Structure of Parent:
mutual
Major Industry of Parent:
financial services
Specific Industry of Parent:
insurance
Source of Data:
NASD Fines 29 Firms over $9.2 Million for Late Reporting, PR Newswire, November 30, 2004 (via Nexis).
Notes:
FINRA is a securities industry self-regulatory body authorized by the federal government. This case was handled by its predecessor, the National Association of Securities Dealers (NASD).
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.
