Violation Tracker Individual Record

Company: 
Capital One Financial Corporation
Current Parent Company: 
Capital One Financial
Penalty: 
$3,500,000
Year: 
2013
Date: 
April 24, 2013
Offense Group: 
financial offenses
Primary Offense: 
accounting fraud or deficiencies
Violation Description: 

The Securities and Exchange Commission announced a settlement of allegations that Capital One Financial Corporation and two senior executives understated millions of dollars in auto loan losses incurred during the months leading into the financial crisis.

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: 
Virginia
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.