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TIAA-CREF Subsidiary Hit With $97M Penalty

July 21, 2021 by Louis Chunovic

TIAA-CREF Subsidiary Hit With $97M Penalty

The Securities and Exchange Commission and the New York State Attorney General have a problem with how TIAA-CREF Individual & Institutional Services, LLC did its business in the 2012 to 2018 period. The SEC and the NY AG allege that TIAA-CREF Individual & Institutional Services (TC Services) failed to “adequately” disclose conflicts of interest and… Read More >>

Filed Under: Industry News, Operational Risk, Governance, Diversity, Equity, and Inclusion (DEI), KYC, AML/Fraud/Financial Crime, Regulation & Compliance, Regulatory Reporting Tagged With: compliance, Dodd-Frank, New York Attorney General, NYAG, SEC, TIAA, TIAA-CREF, wall street

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