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Violation Tracker Individual Record

Company: Millennium Partners
Penalty: $121,400,000
Year: 2005
Date: December 1, 2005
Offense Group: financial offenses
Primary Offense: investor protection violation
Secondary Offense: securities issuance or trading violation
Mega-Scandal: Market Timing Abuses
Violation Description: The New York Attorney General announced a $121.4 million settlement with Millennium Partners to resolve allegations of unlawful trading of mutual funds through market timing. The settlement was negotiated together with the SEC, which issued its own announcement; see the Violation Tracker entry at (click here)
Level of Government: state
Action Type: agency action
Agency: New York Attorney General
Civil or Criminal Case: civil
Facility State: New York
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.