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Violation Tracker Individual Record

Company: Standard and Poor's Financial Services LLC
Current Parent CompanyS&P Global
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $19,000,000
Year: 2015
Date: January 21, 2015
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: Standard and Poor's agreed to pay $12 million to New York and $7 million to Massachusetts to resolve lawsuits alleging that it made false and misleading statements in its rating of certain Commercial Mortgage Backed Securities. The SEC was also part of the negotiation and received an additional $58 million; see the Violation Tracker entry at (click here)
Level of Government: state
Action Type: agency action
Agency: Multistate Attorneys General Case
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: New York
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: information technology
Specific Industry of Current Parent: information services
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.