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Violation Tracker Individual Record

Company: Bankers Life and Casualty Co.
Current Parent Company: CNO Financial
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $789,600
Year: 2010
Date: July 14, 2010
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: Bankers Life agreed to pay $200,000 to the Investor Education and Protection Fund, $14,180 in costs, and $575,420 in disgorgement of commission, restitution, and interest on surrender fees paid by investors, in settlement of allegations it aided an unregistered broker-dealer transact business in the state.
Level of Government: state
Action Type: agency action
Agency: Missouri Secretary of State-Securities
Civil or Criminal Case: civil
Facility State: Missouri
HQ Country of Current Parent: USA
HQ State of Current Parent: Indiana
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.