Violation Tracker Individual Record

Company: 
W.P. Carey & Co.
Current Parent Company: 
W.P. Carey Inc.
Penalty: 
$30,000,000
Year: 
2008
Date: 
March 18, 2008
Primary Offense: 
accounting fraud or deficiencies
Violation Description: 

W.P. Carey & Co., a manager of real estate investment trusts (REITs), agreed to pay $20 million to settle allegations of paying undisclosed compensation to a brokerage firm that sold the REITs to investors.

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: 
real estate
Specific Industry of Parent: 
real estate
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.