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Violation Tracker Individual Record

Company: Ford Motor Credit Company
Current Parent Company: Ford Motor
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $700,000
Year: 2005
Date: June 14, 2005
Offense Group: financial offenses
Primary Offense: investor protection violation
Secondary Offense: securities issuance or trading violation
Violation Description:  Ford Motor Credit Company agreed to the issuance of a cease-and-desist order, paying disgorgement of $700,000 and implementing a series of remedial reforms, to settle SEC allegations related to its marketing of its so-called Ford Money Market Account.
Level of Government: federal
Action Type: agency action
Agency: Securities and Exchange Commission
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: Michigan
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: motor vehicles
Specific Industry of Current Parent: motor vehicles
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.