Violation Tracker Individual Record
Company:
Merrill Lynch & Co. Inc.
Current Parent Company:
Bank of America
Penalty:
$80,000,000
Year:
2003
Date:
March 17, 2003
Offense Group:
financial offenses
Primary Offense:
accounting fraud or deficiencies
Violation Description:
Merrill Lynch agreed to pay $80 million to settle allegations that it aided and abetted Enron Corp.'s earnings manipulation by engaging in two fraudulent year-end transactions in 1999.
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:
North Carolina
Ownership Structure of Parent:
publicly traded
Major Industry of Parent:
financial services
Specific Industry of Parent:
banking
Source of Data:
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.
