Violation Tracker Individual Record

Company: 
MetLife, Inc.
Current Parent Company: 
MetLife
Penalty: 
$1,000,000
Year: 
2018
Date: 
December 18, 2018
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Violation Description: 

MetLife agreed to pay a $1 million administrative penalty in settlement of allegations it had not taken sufficient steps to locate pension beneficiaries, and that its treatment of unclaimed pensions led them to make inaccurate financial reports.

Level of Government: 
state
Action Type: 
agency action
Agency: 
Massachusetts Securities Division
Civil or Criminal Case: 
civil
Facility State: 
Massachusetts
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: 
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.