Violation Tracker Individual Record

Company: 
Monster Worldwide, Inc.
Current Parent Company: 
Randstad
Penalty: 
$2,500,000
Year: 
2009
Date: 
May 18, 2009
Offense Group: 
financial offenses
Primary Offense: 
accounting fraud or deficiencies
Violation Description: 

Monster agreed to pay a $2.5 million penalty to settle the SEC's charges that the company defrauded investors by granting backdated, undisclosed in-the-money stock options while failing to record required non-cash charges for option-related compensation expenses.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Securities and Exchange Commission
Civil or Criminal Case: 
civil
HQ Country of Parent: 
Netherlands
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
business services
Specific Industry of Parent: 
business 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.