Violation Tracker Individual Record

Company: 
Credit Suisse First Boston Corp.
Current Parent Company: 
Credit Suisse
Penalty: 
$200,000,000
Year: 
2002
Date: 
December 20, 2002
Primary Offense: 
investor protection violation
Violation Description: 

Ten major brokerage houses agreed to take steps to address conflicts of interest in their securities research work and pay $1.3 billion in penalties to settle multistate litigation. The penalties were also announced later by the U.S. Securities and Exchange Commission after it had approved the settlements; see the Violation Tracker entry for Credit Suisse at: https://violationtracker.goodjobsfirst.org/violation-tracker/-credit-sui...

Level of Government: 
state
Action Type: 
agency action
Agency: 
Multistate Attorneys General Case
Civil or Criminal Case: 
civil
HQ Country of Parent: 
Switzerland
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
banking & securities
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.