Violation Tracker Individual Record
Company:
Banca IMI Securities Corp.
Current Parent Company:
Intesa Sanpaolo
Penalty:
$2,000,000
Year:
2019
Date:
May 10, 2019
Offense Group:
competition-related offenses
Primary Offense:
price-fixing or anti-competitive practices
Violation Description:
Banca IMI Securities Corp., a New York broker-dealer, pleaded guilty to an antitrust charge and was sentenced to pay a criminal fine in excess of $2 million for its involvement in a bid-rigging conspiracy for certain financial instruments.
Level of Government:
federal
Action Type:
agency action
Agency:
Justice Department Antitrust Division
Civil or Criminal Case:
criminal
HQ Country of Parent:
Italy
Ownership Structure of Parent:
publicly traded
Major Industry of Parent:
financial services
Specific Industry of Parent:
banking
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.
