Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: American General Securities, Inc.
Current Parent Company: Reverence Capital Partners
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Recap of Ownership Changes:  subscribe to see this data field
Penalty: $1,100,000
Year: 2006
Date: April 5, 2006
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: NASD fined American General Securities, Inc., a member company of American International Group, Inc., more than $1.1 million in connection with its receipt of directed brokerage in return for providing preferential treatment to certain mutual fund companies and for other violations.
Level of Government: federal
Action Type: agency action
Agency: Financial Industry Regulatory Authority
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: New York
Ownership Structure of Current Parent: privately held
Major Industry of Current Parent: private equity (including portfolio companies)
Specific Industry of Current Parent: private equity (including portfolio companies)
Source of Data: (click here)
Archived Source: (click here)
Notes: FINRA is a securities industry self-regulatory body authorized by the federal government. This case was handled by its predecessor, the National Association of Securities Dealers (NASD).
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.