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Violation Tracker Individual Record

Company: 
FleetBoston Financial Corporation
Current Parent Company: 
Bank of America
Penalty: 
$140,000,000
Year: 
2004
Date: 
March 15, 2004
Primary Offense: 
securities issuance or trading violation
Violation Description: 

The SEC reached an agreement regarding its market timing lawsuit against two subsidiaries of FleetBoston Financial Corporation - Columbia Management Advisors, Inc. and Columbia Funds Distributor, Inc.

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: 
North Carolina
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
banking
Source of Data: 

https://www.sec.gov/news/press/2004-34.htm (archived copy)

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.