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Rekenthaler Report

3 Lessons From Transamerica's SEC Settlement

The implications extend past the company itself.

Costly Mistakes
Last week, Transamerica settled SEC charges against its funds by agreeing to pay $97.6 million in refunds, interest, and penalties. That is among the pricier SEC sanctions in recent years.

(As is customary with such actions, the company neither admitted nor denied the SEC’s findings. The evidence, though, appears to be substantial. Also, although the case involves four Transamerica entities, for simplification’s sake this column refers to all parties as “Transamerica.”)

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