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Violation Tracker Individual Record

Company: GE Funding Capital Market Services
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: $316,667
Year: 2014
Date: July 28, 2014
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Violation Description: The West Virginia Attorney General announced that GE Funding Capital Market Services, Trinity Plus Funding Co. LLC, and Trinity Funding Co. LLC would pay a total of $950,000 to settle allegations of illegally rigging bids, fixing prices and manipulating the market for municipal derivatives. The announcement did not specify how much each company would pay. Here we assume the amount was divided equally among the three.
Level of Government: state
Action Type: agency action
Agency: West Virginia Attorney General
Civil or Criminal Case: civil
Facility State: West Virginia
Source of Data: West Virginia Attorney General Patrick Morrisey Announces $950,000 Settlement With 3 Financial Institutions, Targeted News Service, July 28, 2014 (via Nexis).
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.