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Violation Tracker Individual Record

Company: Principal Financial Group
Current Parent Company: Principal Financial
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
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 Current Parent: USA
HQ State of Current Parent: Iowa
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: insurance
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.