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Violation Tracker Individual Record

Company: Rio Tinto PLC
Current Parent Company: Rio Tinto
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $28,000,000
Year: 2023
Date: November 21, 2023
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: The U.S. District Court for the Southern District of New York entered final consent judgments against Rio Tinto plc and Rio Tinto Limited to resolve all claims arising out of the SEC's October 17, 2017 complaint, which alleged, among other things, that certain of Rio Tinto's public filings contained misleading statements about the value of its Mozambican coal assets.
Level of Government: federal
Action Type: agency action
Agency: Securities and Exchange Commission
Civil or Criminal Case: civil
HQ Country of Current Parent: United Kingdom
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: mining and minerals
Specific Industry of Current Parent: mining
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.