Violation Tracker Individual Record

Company: 
Halliburton Co.
Current Parent Company: 
Halliburton
Penalty: 
$7,500,000
Year: 
2004
Date: 
August 3, 2004
Primary Offense: 
accounting fraud or deficiencies
Violation Description: 

Halliburton Co. agreed to pay $7.5 million to settle allegations that it failed to disclose a 1998 change to its accounting practice, and as a result the company's public statements regarding its income in 1998 and 1999 were materially misleading.

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: 
Texas
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
oilfield services and supplies
Specific Industry of Parent: 
oilfield services
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.