SEC
Whistleblower
Attorneys

July 28, 2020

VALIC Financial Advisors Inc.

Trading and Pricing

SANCTION AMOUNT: Approximately $19,900,000

Defendants: VALIC Financial Advisors Inc.

The SEC found that Respondent, in violation of its fiduciary duties, failed to disclose and made misleading statements about conflicts of interest related to its receipt of millions of dollars of financial benefits from mutual fund investments selected for clients that were generally more expensive than other available options. Respondent consented to this sanction consisting of disgorgement, prejudgment interest, and a civil penalty.

Named one of the top whistleblower practices/attorneys in the country by The New York Times, Wall Street Journal and NPR
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