Violation Tracker Individual Record

Company: 
Monsanto Company
Current Parent Company: 
Monsanto
Penalty: 
$80,000,000
Year: 
2016
Date: 
February 9, 2016
Primary Offense: 
accounting fraud or deficiencies
Violation Description: 

The SEC announced that Monsanto Company agreed to pay an $80 million penalty and retain an independent compliance consultant to settle allegations that it violated accounting rules and misstated company earnings as it pertained to its flagship product Roundup.

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: 
Missouri
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
chemicals
Specific Industry of Parent: 
chemicals
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.