Violation Tracker Individual Record

Company: 
Bankrate Inc.
Current Parent Company: 
Red Ventures
Penalty: 
$15,000,000
Year: 
2015
Date: 
September 8, 2015
Offense Group: 
financial offenses
Primary Offense: 
accounting fraud or deficiencies
Violation Description: 

Bankrate Inc. agreed to pay $15 million to settle accounting fraud allegations relating to the manipulation of the company's financial results to meet analyst expectations.

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: 
South Carolina
Ownership Structure of Parent: 
privately held
Major Industry of Parent: 
business services
Specific Industry of Parent: 
marketing
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.