Violation Tracker Individual Record

Company: 
General Motors
Current Parent Company: 
General Motors
Penalty: 
$1,000,000
Year: 
2017
Date: 
January 18, 2017
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 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.