Violation Tracker Individual Record

Company: 
ING Financial Partners, Inc.
Current Parent Company: 
Voya Financial
Penalty: 
$4,677,326
Year: 
2008
Date: 
September 12, 2008
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Secondary Offense: 
financial institution supervision failures
Violation Description: 

ING agreed to make restitution offers of $4,567,326 to customers and pay $110,000 to the Securities Investor Education Fund in settlement of allegations it failed to adequately supervise two of its dealers who were convicted for theft of investors' funds.

Level of Government: 
state
Action Type: 
agency action
Agency: 
Illinois Secretary of State-Securities
Civil or Criminal Case: 
civil
Facility State: 
Illinois
HQ Country of Parent: 
USA
HQ State of Parent: 
New York
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
financial services
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.