Violation Tracker Individual Record
Company:American Equity Investment Life Insurance Co.
Date:February 7, 2008
Offense Group:financial offenses
Primary Offense:investor protection violation
American Equity Investment Life Insurance Co. agreed to pay $500,000 in fees and expenses as well as refunds in settlement of allegations it sold unsuitable deferred annuities to seniors, and may have misrepresented the terms.
Level of Government:state
Action Type:agency action
Agency:Minnesota Attorney General
Civil or Criminal Case:civil
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