Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: The BISYS Group
Current Parent Company: Citigroup
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $25,000,000
Year: 2007
Date: May 23, 2007
Offense Group: financial offenses
Primary Offense: accounting fraud or deficiencies
Violation Description: The BISYS Group, Inc. agreed to pay $25 million to settle allegations that it violated the financial reporting, books-and-records, and internal control provisions of the Securities Exchange Act of 1934.
Level of Government: federal
Action Type: agency action
Agency: Securities and Exchange Commission
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: financial services
Specific Industry of Current Parent: banking & securities
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.