Violation Tracker Individual Record

Company: 
Societe Generale
Current Parent Company: 
Societe Generale
Penalty: 
$26,750,000
Year: 
2016
Date: 
February 24, 2016
Offense Group: 
competition-related offenses
Primary Offense: 
price-fixing or anti-competitive practices
Violation Description: 

Societe Generale agreed to pay $26.75 million as part of the settlement of multistate litigation alleging fraudulent and anticompetitive conduct in municipal bond derivative transactions with state and local government entities and nonprofits across the country.

Level of Government: 
state
Action Type: 
agency action
Agency: 
Multistate Attorneys General Case
Civil or Criminal Case: 
civil
HQ Country of Parent: 
France
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
banking
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.