Phoenix Companies settles with SEC on timetables filings
August 5, 2014 by Warren S. Hersch
The Phoenix Companies, Inc. (PNX) has inked an agreement with the U.S. Securities and Exchange Commission to amend a March 21, 2014 order regarding delayed and future SEC filings for both the company and its subsidiary, PHL Variable Insurance Company.
The amended administrative order, approved by the SEC today, provides that the SEC has settled administrative proceedings against the company and PHL Variable instituted pursuant to Section 21C of the Securities Exchange Act of 1934, as amended.
On June 3, 2014, Phoenix announced a revised timetable for its delayed SEC filings that reflected a departure from the schedule that was part of the March 21, 2014 administrative order because it needed additional time to meet its financial reporting obligations based on its experience with completing its 2012 delayed filings. Click here to read…
