Violation Tracker Individual Record
Date:August 7, 2007
Offense Group:financial offenses
Primary Offense:accounting fraud or deficiencies
First BanCorp agreed to pay $8.5 million to settle allegations that it concealed the true nature of more than $4 billion worth of transactions involving non-conforming residential mortgages.
Level of Government:federal
Action Type:agency action
Agency:Securities and Exchange Commission
Civil or Criminal Case:civil
Facility State:Puerto Rico
HQ Country of Parent:USA
HQ State of Parent:Puerto Rico
Ownership Structure of Parent:publicly traded
Major Industry of Parent:financial services
Specific Industry of Parent:banking
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