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Violation Tracker Individual Record

Company: GE Funding Capital Market Services, Inc.
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: $34,250,000
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. paid $34.25 million to settle multistate allegations of anticompetitive and fraudulent conduct in the municipal bond derivatives industry, including bid-rigging and submission of fraudulent certifications of compliance with U.S. Treasury regulations. This was part of a larger $70 million settlement that also involved federal agencies: (click here)
Level of Government: state
Action Type: agency action
Agency: Multistate Attorneys General Case
Civil or Criminal Case: civil
Source of Data: (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.