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Violation Tracker Individual Record

Company: Ethiopian Electric Power
Penalty: $6,448,854
Year: 2016
Date: June 8, 2016
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: Ethiopia?s electric utility agreed to pay nearly $6.5 million to settle charges that it violated U.S. securities laws by failing to register bonds it offered and sold to U.S residents of Ethiopian descent.
Level of Government: federal
Action Type: agency action
Agency: Securities and Exchange Commission
Civil or Criminal Case: civil
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.