Violation Tracker Individual Record
Company:Putnam Investment Management LLC
Date:April 8, 2004
Offense Group:financial offenses
Primary Offense:investor protection violation
Secondary Offense:securities issuance or trading violation
Putnam Investment Management LLC was ordered to pay a $50 million civil penalty and $5 million in disgorgement for allegedsly violating federal securities laws by failing to disclose improper market timing trading by Putnam portfolio managers.
Level of Government:federal
Action Type:agency action
Agency:Securities and Exchange Commission
Civil or Criminal Case:civil
HQ Country of Parent:Canada
Ownership Structure of Parent:publicly traded
Major Industry of Parent:financial services
Specific Industry of Parent:insurance and investment management
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