May 14, 2015
Nationwide Life Insurance Company
Trading and Pricing
SANCTION AMOUNT: $8,000,000
Defendants: Nationwide Life Insurance Company
Settlement of charges that Respondent routinely violated pricing rules in its daily processing of purchase and redemption orders for variable insurance contracts and underlying mutual funds. Respondent allegedly intentionally delayed its receipt of mail so that it could process orders using the next day's price.
- Key Docs
- Official SEC press release