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Company: Jackson National Life Insurance Co
Current Parent Company:
Jackson Financial
Parent at the Time of the Penalty Announcement:
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Recap of Ownership Changes:
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Penalty: $484,000
Year: 2008
Date: November 10, 2008
Offense Group: financial offenses
Primary Offense: investor protection violation
Secondary Offense: financial institution supervision failures
Violation Description: Jackson National Live Insurance agreed to pay $484,000 to reimburse its clients who allegedly had funds stolen by one of its agents.
Level of Government: state
Action Type: agency action
Agency: Connecticut Attorney General
Civil or Criminal Case: civil
Facility State: Connecticut
HQ Country of Current Parent: USA
HQ State of Current Parent: Michigan
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: insurance
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the
Update Log.