SEC
Whistleblower
Advocates

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.

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