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Violation Tracker Individual Record

Company: CVS Caremark Corp.
Current Parent Company: CVS Health
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
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 Current Parent: USA
HQ State of Current Parent: Rhode Island
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: retailing
Specific Industry of Current Parent: retail-pharmacies
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.