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Violation Tracker Individual Record

Company: Port Authority of New York and New Jersey
Penalty: $400,000
Year: 2017
Date: January 10, 2017
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: The Port Authority of New York and New Jersey agreed to admit wrongdoing and pay a $400,000 penalty to settle allegations that it was aware of risks to a series of New Jersey roadway projects but failed to inform investors purchasing the bonds that would fund them.
Level of Government: federal
Action Type: agency action
Agency: Securities and Exchange Commission
Civil or Criminal Case: civil
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.