SEC
Whistleblower
Attorneys
Landmark Lawsuit Filed Against SEC to Protect Future Whistleblowers

December 21, 2020

Voya Financial Advisors, Inc.

Trading and Pricing

SANCTION AMOUNT: $22919155

Defendants: Voya Financial Advisors, Inc.

Respondent agreed to pay disgorgement and interest as well as a $9,000,000 civil penalty to settle charges of disclosure failures and misleading statements to clients regarding investment advice it gave about mutual funds, illiquid alternative investments and cash sweep vehicles. This conduct allegedly concealed Respondent’s receipt of certain fees and revenue sharing, and caused clients to pay unnecessary fees.

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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