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Violation Tracker Individual Record

Company: Societe Generale S.A.
Current Parent Company: Societe Generale
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $50,000,000
Year: 2017
Date: January 20, 2017
Offense Group: financial offenses
Primary Offense: toxic securities abuses
Secondary Offense: investor protection violation
Mega-Scandal: Toxic Securities
Violation Description: Societe Generale acknowledged that it falsely represented to investors that the loans underlying residential mortgage-backed securities were originated generally in accordance with underwriting guidelines.
Level of Government: federal
Action Type: agency action
Agency: U.S. Attorney-Eastern District of New York
Civil or Criminal Case: civil
HQ Country of Current Parent: France
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking
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.