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 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.