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Violation Tracker Individual Record

Company: Bankrate Inc.
Current Parent Company: Red Ventures
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Recap of Ownership Changes:  subscribe to see this data field
Penalty: $15,000,000
Year: 2015
Date: September 8, 2015
Offense Group: financial offenses
Primary Offense: accounting fraud or deficiencies
Violation Description: Bankrate Inc. agreed to pay $15 million to settle accounting fraud allegations relating to the manipulation of the company's financial results to meet analyst expectations.
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: South Carolina
Ownership Structure of Current Parent: privately held
Major Industry of Current Parent: business services
Specific Industry of Current Parent: marketing
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.