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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
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.