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Violation Tracker Individual Record

Company: Sandell Asset Management Corp.
Penalty: $8,097,494
Year: 2007
Date: October 10, 2007
Offense Group: financial offenses
Primary Offense: investor protection violation
Secondary Offense: securities issuance or trading violation
Violation Description: Sandell Asset Management Corp. agreed to pay more than $8 million to settle allegations that it engaged in improper short sales in connection with trading in the securities of Hibernia Corporation in the immediate aftermath of Hurricane Katrina.
Level of Government: federal
Action Type: agency action
Agency: Securities and Exchange Commission
Civil or Criminal Case: civil
Source of Data: (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.