Violation Tracker Individual Record
Company:
Standard & Poor's Financial Services LLC
Current Parent Company:
S&P Global
Penalty:
$687,500,000
Year:
2015
Date:
February 3, 2015
Offense Group:
financial offenses
Primary Offense:
toxic securities abuses
Violation Description:
Standard & Poor's Financial Services LLC agreed to pay $687.5 million to settle multistate litigation alleging that it inflated ratings of residential mortgage-backed securities and structured investment vehicle notes. This was part of a larger $1.375 billion settlement also involving the federal government; see the Violation Tracker entry at https://violationtracker.goodjobsfirst.org/violation-tracker/-standard-a...
Level of Government:
state
Action Type:
agency action
Agency:
Multistate Attorneys General Case
Civil or Criminal Case:
civil
HQ Country of Parent:
USA
HQ State of Parent:
New York
Ownership Structure of Parent:
publicly traded
Major Industry of Parent:
information technology
Specific Industry of Parent:
information services
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.
