Month: May 2015

Last week the Commission resolved a proceeding involving a life insurance company centered on the pricing of its variable annuity and variable life insurance products. Specifically, the Order alleged violations of Rule 22c-1 since the company apparently chose not to …

No Investor Harm, No Ill-gotten Gains But SEC Fines Insurer $8 Million Read More »

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SEC enforcement actions are supposed to halt violations, protect investors and the markets, act as a deterrent and prevent a future repetition of wrongful conduct. To facilitate those goals settlements typically incorporate common elements. For example, when settling a civil …

Is the SEC a Toothless Watch Dog? Read More »

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