Defendant Name:
Federal National Mortgage Association
Defendant Type:
Public Company
Document Reference:
LR-19710
Document Details
Legal Case Name
SEC v. Federal National Mortgage Association
Document Name
Fannie Mae to Pay $400 Million Penalty for Accounting Fraud - SEC and OFHEO Settle Action Against Fannie Mae
Document Date
23-May-2006
Document Format
Civil Proceeding
Case Number
06-cv-00959
Federal District Court
District of Columbia, District of Columbia
Allegation Type
Issuer Reporting and Disclosure
Document Summary
The Commission stated that: "[It] filed a settled enforcement proceeding
charging the Federal National Mortgage Association ("Fannie Mae"), a
shareholder-owned government-sponsored enterprise, with fraudulent
accounting in violation of the anti-fraud, books and records, internal
controls and reporting provisions of the Securities Exchange Act of 1934
(the "Exchange Act") and the anti-fraud provisions of the Securities Act of
1933 (the "Securities Act")."
Disgorgement & Penalty Information
Resolutions
Enjoinment
Cooperation Before the Resolution
Monetary Penalties:
Civil Penalty
(Penalty was noted in document, but no amount was listed)