Violation Tracker Individual Record
Company:
Canadian Imperial Bank of Commerce
Current Parent Company:
Canadian Imperial Bank of Commerce
Penalty:
$125,000,000
Year:
2005
Date:
July 20, 2005
Offense Group:
financial offenses
Primary Offense:
investor protection violation
Secondary Offense:
securities issuance or trading violation
Violation Description:
Canadian Imperial Bank of Commerce agreed to pay $125 million to settle allegations of facilitating deceptive market timing and late trading of mutual funds by certain customers.
Level of Government:
federal
Action Type:
agency action
Agency:
Securities and Exchange Commission
Civil or Criminal Case:
civil
HQ Country of Parent:
Canada
Ownership Structure of Parent:
publicly traded
Major Industry of Parent:
financial services
Specific Industry of Parent:
banking
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.
