Large B-D pays more than $600k for slew of Reg BI violations

State Farm failed to establish, maintain, and enforce written policies and procedures reasonably designed to achieve compliance with Regulation BI because it did not provide its reps and supervisors with guidance or procedures reasonably designed to help ensure that they understood the potential risks, rewards, and costs of the State Farm 529 Savings Plan in light of the tax benefits that retail customers who resided outside the State of Nebraska could be foregoing