Violation Tracker Individual Record

Company: 
Nationwide Life Insurance Company
Current Parent Company: 
Nationwide
Penalty: 
$8,000,000
Year: 
2015
Date: 
May 14, 2015
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Violation Description: 

Nationwide Life Insurance Company agreed to settle allegations that it routinely violated pricing rules in its daily processing of purchase and redemption orders for variable insurance contracts and underlying mutual funds.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Securities and Exchange Commission
Civil or Criminal Case: 
civil
HQ Country of Parent: 
USA
HQ State of Parent: 
Ohio
Ownership Structure of Parent: 
mutual
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
insurance
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.