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Violation Tracker Individual Record

Company: Moody's Corporation
Current Parent CompanyMoody's
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $426,500,000
Year: 2017
Date: January 13, 2017
Offense Group: financial offenses
Primary Offense: toxic securities abuses
Secondary Offense: investor protection violation
Mega-ScandalToxic Securities
Violation Description: Moody's Corporation, a credit rating agency, agreed to pay $426.5 million to settle multistate litigation relating to alleged misconduct in inflating ratings of residential mortgage-backed securities. This was part of a larger $864 million settlement involving the federal government; see the Violation Tracker entry at (click here)
Level of Government: state
Action Type: agency action
Agency: Multistate Attorneys General Case
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: New York
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: information technology
Specific Industry of Current Parent: information services
Source of Data(click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.