Violation Tracker Individual Record

Company: 
Federated Investors, Inc.
Current Parent Company: 
Federated Investors Inc.
Penalty: 
$100,000,000
Year: 
2005
Date: 
November 28, 2005
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Secondary Offense: 
securities issuance or trading violation
Violation Description: 

The New York Attorney General announced a $100 million settlement -- $35 million in restitution, $45 million in penalties and $20 million in fee reductions -- with Federated Investors to resolve allegations of unlawful trading of mutual funds through market timing. The restitution and penalty portions of the settlement were negotiated together with the SEC, which issued its own announcement; see the Violation Tracker entry at: https://violationtracker.goodjobsfirst.org/violation-tracker/-federated-...

Level of Government: 
state
Action Type: 
agency action
Agency: 
New York Attorney General
Civil or Criminal Case: 
civil
Facility State: 
New York
HQ Country of Parent: 
USA
HQ State of Parent: 
Pennsylvania
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
investment management
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.