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Violation Tracker Individual Record

Company: American International Group Inc.
Current Parent Company: American International Group
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $8,000,000
Year: 2010
Date: February 25, 2010
Offense Group: financial offenses
Primary Offense: investor protection violation
Secondary Offense: price-fixing or anti-competitive practices
Violation Description: AIG agreed to pay $8 million to settle allegations that investment losses experienced by Oregon's public pension funds were attributable to a pattern of poor disclosure and bid-rigging by AIG.
Level of Government: state
Action Type: agency action
Agency: Oregon Attorney General
Civil or Criminal Case: civil
Facility State: Oregon
HQ Country of Current Parent: USA
HQ State of Current Parent: New York
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: insurance
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.