Violation Tracker Individual Record
Company:
Principal Financial Group
Current Parent Company:
Principal Financial
Penalty:
$5,000,000
Year:
2007
Date:
November 14, 2007
Offense Group:
competition-related offenses
Primary Offense:
kickbacks and bribery
Violation Description:
The Principal Financial Group agreed to pay $5 million in settlement of allegations it secretly paid compensation to brokers to ensure access to pension plan insurance contracts.
Level of Government:
state
Action Type:
agency action
Agency:
Connecticut Attorney General
Civil or Criminal Case:
civil
Facility State:
Connecticut
HQ Country of Parent:
USA
HQ State of Parent:
Iowa
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.
