Nationwide Financial gets consent to stop filing reports with SEC

By Angela McDaniels

Tacoma, Wash., May 12 - Nationwide Financial Services, Inc. obtained the consent of the holders of its 6.75% fixed-to-floating-rate junior subordinated notes due May 15, 2037 to amend the indenture governing the notes to remove the requirement that it continue filing reports with the Securities and Exchange Commission, according to an 8-K filing with the SEC.

The consent was received on April 13. On April 26, the company notified the SEC of the suspension of its duty to file reports.

In May, the company's subsidiary, Nationwide Life Insurance Co., elected to rely on the exemption from its duty to file reports under the Exchange Act for products that are registered as securities but are also regulated as insurance under state law.

Consequently, neither company will be filing periodic reports with the SEC going forward.

Nationwide Financial Services is based in Columbus, Ohio, and provides long-term savings and retirement products.

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