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Violation Tracker Individual Record

Company: BMW AG
Current Parent Company: BMW
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $18,000,000
Year: 2020
Date: September 24, 2020
Offense Group: financial offenses
Primary Offense: accounting fraud or deficiencies
Violation Description: The Securities and Exchange Commission settled charges against Germany-based automaker BMW AG and two of its U.S. subsidiaries for disclosing inaccurate and misleading information about BMW's retail sales volume in the U.S. while raising approximately $18 billion from investors in several corporate bond offerings.
Level of Government: federal
Action Type: agency action
Agency: Securities and Exchange Commission
Civil or Criminal Case: civil
HQ Country of Current Parent: Germany
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: motor vehicles
Specific Industry of Current Parent: motor vehicles
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.