Violation Tracker Individual Record

Company: 
Societe Generale S.A.
Current Parent Company: 
Societe Generale
Penalty: 
$50,000,000
Year: 
2017
Date: 
January 20, 2017
Primary Offense: 
toxic securities abuses
Violation Description: 

Societe Generale acknowledged that it falsely represented to investors that the loans underlying residential mortgage-backed securities were originated generally in accordance with underwriting guidelines.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
U.S. Attorney-Eastern District of New York
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.