Nationwide and the U.S. Securities and Exchange Commission (SEC) recently agreed to resolve an SEC investigation into the timeliness of Nationwide’s processing of financial transactions in variable annuity and variable life policies sent via non-Priority U.S. Mail to P.O. Boxes prior to September 2011. There were no allegations that Nationwide benefitted from its P.O. Box mail processing practices or the process benefitted certain groups of investors over others. The SEC acknowledges Nationwide’s change in practices that occurred in 2011 and Nationwide’s cooperation in the investigation in the SEC’s order. Nationwide chose to settle this matter to bring closure and remain focused on the needs of its members.