Violation Tracker Individual Record

Company: 
CVS Caremark Corp.
Current Parent Company: 
CVS Health
Penalty: 
$20,000,000
Year: 
2014
Date: 
April 8, 2014
Offense Group: 
financial offenses
Primary Offense: 
accounting fraud or deficiencies
Violation Description: 

CVS Caremark Corp. agreed to pay $20 million to settle allegations that it misled investors about significant financial setbacks and used improper accounting that artificially boosted its financial performance.

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: 
Rhode Island
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
retailing
Specific Industry of Parent: 
retail-pharmacies
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.