Violation Tracker Individual Record

Company: 
Martin Currie
Penalty: 
$8,300,000
Year: 
2012
Date: 
May 10, 2012
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Violation Description: 

A Scotland-based fund management group agreed to pay $8.3 million to settle SEC allegations of fraudulently using one of its U.S. fund clients to rescue another client, a China-focused hedge fund struggling in the midst of the global financial crisis.

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.