Violation Tracker Individual Record

Company: 
Managers Distributors, Inc.
Penalty: 
$350,000
Year: 
2008
Date: 
August 11, 2008
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Secondary Offense: 
financial institution supervision failures
Violation Description: 

Managers Distributors, Inc. agreed to pay a $25,000 fine, $25,000 in costs and make a $300,000 contribution to the Connecticut Department of Eduction for promoting financial literacy, in settlement of allegations it failed to enforce a supervisory system to ensure compliance with securities regulations.

Level of Government: 
state
Action Type: 
agency action
Agency: 
Connecticut Securities and Business Investments Division
Civil or Criminal Case: 
civil
Facility State: 
Connecticut
Facility City: 
Norwalk
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.