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Violation Tracker Individual Record

Company: Monsanto Company
Current Parent Company: Bayer
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Recap of Ownership Changes:  subscribe to see this data field
Penalty: $80,000,000
Year: 2016
Date: February 9, 2016
Offense Group: financial offenses
Primary Offense: accounting fraud or deficiencies
Mega-Scandal: Roundup
Violation Description: The SEC announced that Monsanto Company agreed to pay an $80 million penalty and retain an independent compliance consultant to settle allegations that it violated accounting rules and misstated company earnings as it pertained to its flagship product Roundup.
Level of Government: federal
Action Type: agency action
Agency: Securities and Exchange Commission
Civil or Criminal Case: civil
HQ Country of Current Parent: Germany
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: chemicals
Specific Industry of Current Parent: chemicals
Source of Data: (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.