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Violation Tracker Individual Record

Company: General Motors
Current Parent Company: General Motors
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $1,000,000
Year: 2017
Date: January 18, 2017
Offense Group: financial offenses
Primary Offense: accounting fraud or deficiencies
Violation Description: General Motors agreed to pay a $1 million penalty to settle allegations that deficient internal accounting controls prevented the company from properly assessing the potential impact on its financial statements of a defective ignition switch found in some vehicles.
Level of Government: federal
Action Type: agency action
Agency: Securities and Exchange Commission
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: Michigan
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: motor vehicles
Specific Industry of Current Parent: motor vehicles
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.