Violation Tracker Individual Record
: Northwestern Mutual Investment Services, LLC
Current Parent Company
: Northwestern Mutual
Parent at the Time of the Penalty AnnouncementPenalty
to see this data field
: June 28, 2007
: financial offenses
: investor protection violation
: financial institution supervision failures
: NASD fined Northwestern Mutual Investment Services, LLC, of Milwaukee, WI, $100,000 for failure to have adequate supervisory systems and procedures to ensure that clients received Net Asset Value (NAV) pricing when appropriate under NAV transfer programs.
Level of Government
: agency action
: Financial Industry Regulatory Authority
Civil or Criminal Case
HQ Country of Current Parent
HQ State of Current Parent
Ownership Structure of Current Parent
Major Industry of Current Parent
: financial services
Specific Industry of Current Parent
Source of Data
: NASD Settles Cases Against MML Investors Services, NYLIFE Securities, Securities America and Northwestern Mutual Investment Services for Fines Totaling over $1.2 Million for Failures Relating to Mutual Fund Sales, States News Service, June 28, 2007 (via Nexis).
: 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).
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Current parent company note
: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log