Violation Tracker Individual Record
Company:
American International Group, Inc.
Current Parent Company:
American International Group
Penalty:
$46,000,000
Year:
2004
Date:
November 30, 2004
Offense Group:
financial offenses
Primary Offense:
investor protection violation
Secondary Offense:
fraud
Violation Description:
American International Group, Inc. agreed to pay $46 million in disgorgement and prejudgment interest to settle the SEC portion of a fraud case arising out of AIG's offer and sale of an earnings management product.
Level of Government:
federal
Action Type:
agency action
Agency:
Securities and Exchange Commission
Civil or Criminal Case:
civil
HQ Country of Parent:
USA
HQ State of Parent:
New York
Ownership Structure of Parent:
publicly traded
Major Industry of Parent:
financial services
Specific Industry of Parent:
insurance
Source of Data:
Source Notes:
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note:
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.
