Violation Tracker Individual Record

Company: 
Focus Media Holding Limited
Penalty: 
$55,600,000
Year: 
2015
Date: 
September 30, 2015
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Violation Description: 

The SEC announced a $55.6 million settlement with Focus Media Holding Limited and CEO Jason Jiang to resolve allegations of inaccurate disclosures about the China-based advertising company's partial sale of a subsidiary to insiders, including Jiang.

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.