Violation Tracker Individual Record

Company: 
Port Authority of New York and New Jersey
Penalty: 
$400,000
Year: 
2017
Date: 
January 10, 2017
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Violation Description: 

The Port Authority of New York and New Jersey agreed to admit wrongdoing and pay a $400,000 penalty to settle allegations that it was aware of risks to a series of New Jersey roadway projects but failed to inform investors purchasing the bonds that would fund them.

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.