Violation Tracker Individual Record
Company:
DBRS Inc.
Penalty:
$5,814,482
Year:
2015
Date:
October 26, 2015
Offense Group:
financial offenses
Primary Offense:
investor protection violation
Violation Description:
The SEC accused credit rating agency DBRS Inc. of misrepresenting its surveillance methodology for ratings of certain complex financial instruments during a three-year period. The firm agreed to pay nearly $6 million to settle the case.
Level of Government:
federal
Action Type:
agency action
Agency:
Securities and Exchange Commission
Civil or Criminal Case:
civil
Source of Data:
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.
