Violation Tracker Individual Record

Company: 
Standard & Poor's Ratings Services
Current Parent Company: 
S&P Global
Penalty: 
$58,000,000
Year: 
2015
Date: 
January 21, 2015
Offense Group: 
financial offenses
Primary Offense: 
toxic securities abuses
Violation Description: 

The Securities and Exchange Commission announced that Standard & Poor's Ratings Services would pay $58 million to resolve a series of alleged federal securities law violations involving fraudulent misconduct in its ratings of certain commercial mortgage-backed securities.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Securities and Exchange Commission
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.