Violation Tracker Individual Record

Company: 
Ford Motor Credit Company
Current Parent Company: 
Ford Motor
Penalty: 
$700,000
Year: 
2005
Date: 
June 14, 2005
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Secondary Offense: 
securities issuance or trading violation
Violation Description: 

Ford Motor Credit Company agreed to the issuance of a cease-and-desist order, paying disgorgement of $700,000 and implementing a series of remedial reforms, to settle SEC allegations related to its marketing of its so-called Ford Money Market Account.

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: 
Michigan
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
motor vehicles
Specific Industry of Parent: 
motor vehicles
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.