Violation Tracker Individual Record

Company: 
Broadwind Energy
Current Parent Company: 
Broadwind Energy
Penalty: 
$1,000,000
Year: 
2015
Date: 
February 5, 2015
Primary Offense: 
accounting fraud or deficiencies
Violation Description: 

A Chicago-area alternative energy company agreed to settle allegations relating to accounting and disclosure violations that prevented investors from knowing that reduced business from two significant customers had caused substantial declines in the company's long-term financial prospects.

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: 
Illinois
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
utilities and power generation
Specific Industry of Parent: 
wind power equipment
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.