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Violation Tracker Individual Record

Company: Credit Suisse Securities (USA) LLC
Current Parent Company: UBS
Penalty: $20,833,333
Year: 2020
Date: June 18, 2020
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Violation Description: A group of 12 large banks agreed to pay a total of $250 million to settle their role in litigation alleging they conspired to fix the price of bonds issued by Fannie Mae and other government-sponsored enterprises. The settlement did not specify how much each would pay. Here we assume the total was divided equally among them.
Level of Government: federal
Action Type: private litigation
Court: Southern District of New York
Civil or Criminal Case: civil
Case ID: 1:19cv1704
Case Name: In re GSE Bonds Antitrust Litigation
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: Switzerland
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking & securities
Source of Data: (click here)
Link to PACER Case Docket (must be logged in): (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.