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Violation Tracker Individual Record

Company: GE Funding Capital Market Services Inc.
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Recap of Ownership Changes:  subscribe to see this data field
Penalty: $70,000,000
Year: 2011
Date: December 23, 2011
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Mega-Scandal: Price Fixing
Violation Description: GE Funding Capital Market Services Inc. entered into an agreement with the Department of Justice to resolve the company's role in anticompetitive activity in the municipal bond investments market and agreed to pay a total of $70 million in restitution, penalties and disgorgement to federal and state agencies.
Level of Government: federal
Action Type: agency action
Agency: Justice Department Antitrust Division
Civil or Criminal Case: civil and criminal
Prosecution Agreement: non-prosecution agreement
Source of Data: (click here)
Archived Source: (click here)
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.