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Violation Tracker Individual Record

Company: Tradition (North America) Inc.
Penalty: $250,000
Year: 2013
Date: January 29, 2013
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Violation Description: Investment broker Tradition agreed to pay $250,000 in settlement of allegations it engaged in bid-rigging with respect to presenting interest rates to municipal bond issuers in the state looking to reinvest bond proceeds. The bid-rigging allegations had also resulted in an earlier multi-state settlement with other financial institutions.
Level of Government: state
Action Type: agency action
Agency: Massachusetts Attorney General
Civil or Criminal Case: civil
Facility State: Massachusetts
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.