Violation Tracker Individual Record

Company: 
Transamerica Financial Advisors
Current Parent Company: 
Aegon
Penalty: 
$1,107,248
Year: 
2014
Date: 
April 3, 2014
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Violation Description: 

Transamerica Financial Advisors agreed to provide refunds to clients and pay a penalty to settle allegations that it overcharged clients by improperly calculating advisory fees.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Securities and Exchange Commission
Civil or Criminal Case: 
civil
HQ Country of Parent: 
Netherlands
Ownership Structure of Parent: 
publicly traded
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.