Violation Tracker Individual Record

Company: 
BP
Current Parent Company: 
BP
Penalty: 
$525,000,000
Year: 
2012
Date: 
November 15, 2012
Primary Offense: 
investor protection violation
Violation Description: 

BP p.l.c. agreed to pay $525 million to resolve allegations that it misled investors while its Deepwater Horizon oil rig was gushing into the Gulf of Mexico by significantly understating the flow rate in multiple reports filed with the SEC.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Securities and Exchange Commission
Civil or Criminal Case: 
civil
HQ Country of Parent: 
Britain
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
oil and gas
Specific Industry of Parent: 
oil & gas
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.