Defendant Name:
Ford Motor Credit Company LLC
Defendant Type:
Subsidiary of Public Company
Public Company Parent:
Ford Motor Company
SIC Code:
3711
CUSIP:
34537086
Document Reference:
33-8582
Document Details
Legal Case Name
In the Matter of Ford Motor Credit Company
Document Name
Order Instituting Cease-and-Desist Proceedings, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order Pursuant to Section 8A of the Securities Act of 1933
Document Date
14-Jun-2005
Document Format
Administrative Proceeding
Allegation Type
Securities Offering
Document Summary
On June 14, 2005, the SEC instituted settled cease-and-desist proceedings against Ford Motor Credit Company. According to the SEC: "This matter concerns Ford Credit's public distribution of sales materials soliciting investment in certain of its debt securities marketed as alternatives to traditional money market investments. These sales materials failed to comply with the requirements of Section 5 of the Securities Act."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Other Compliance Related Undertaking
Various undertakings
Monetary Penalties:
Disgorgement
Individual:
$700,000.00
Shared:
Pre-Judgment Interest
Individual:
$64,282.00
Shared: