Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: Alliance Capital Management L.P.
Current Parent Company: Equitable Holdings
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: $250,000,000
Year: 2003
Date: December 18, 2003
Offense Group: financial offenses
Primary Offense: investor protection violation
Secondary Offense: securities issuance or trading violation
Mega-Scandal: Market Timing Abuses
Violation Description: Alliance Capital Management L.P. agreed to pay $250 million to settle allegations that it allowed market timing in certain of its mutual funds in exchange for fee-generating investments in other Alliance Capital investment vehicles.
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: New York
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: investment management
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.