Company Directory - Bankrate, Inc.
Company Details - Bankrate, Inc.
Bankrate, Inc.
WebsiteNew York, USA
Bankrate is a consumer financial services company that provides consumers with information, guidance, and tools to compare and review financial products such as mortgage rates, credit cards, personal loans, and more. The platform aims to empower individuals with data and insights to make smarter financial decisions.
CCI Score
CCI Score: Bankrate, Inc.
-22.94
0.02%
Latest Event
SEC Enforcement Action Against Bankrate, Inc. for Financial Manipulation
In 2015, the SEC found that Bankrate, Inc. intentionally manipulated its financial results during the second quarter of 2012 in order to meet or exceed analyst expectations. This fraudulent behavior led to over $15 million in disgorgement, prejudgment interest, and penalties, raising serious concerns regarding the company's ethical business practices.
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ACCOMPLICE
Bankrate, Inc. is currently rated as an Accomplice.
Latest Events
- SEP082015
In 2015, the SEC found that Bankrate, Inc. intentionally manipulated its financial results during the second quarter of 2012 in order to meet or exceed analyst expectations. This fraudulent behavior led to over $15 million in disgorgement, prejudgment interest, and penalties, raising serious concerns regarding the company's ethical business practices.
-80
Business Practices and Ethical Responsibility
March 22
Bankrate, Inc. was found to have deliberately manipulated its financial reports to meet analyst expectations, an act that not only breached federal securities laws but also undermined investor trust and corporate transparency. This unethical business practice is a clear indicator of poor corporate governance and aligns with actions that can erode public confidence in financial institutions, indirectly contributing to broader systemic issues which can support authoritarian economic practices.
In the Matter of Bankrate, Inc. Admin. Proc. File No. 3-16786
- SEP082015
In September 2015, SEC enforcement actions revealed that Bankrate, Inc. and its executives deliberately manipulated financial results during the second quarter of 2012 to meet or exceed analyst consensus estimates. This unethical financial misconduct undermines transparency and accountability, key elements that are necessary for a healthy democratic market. Such practices indirectly concentrate corporate power and erode investor trust, which can contribute to broader systems of authority and exploitation.
-40
Business Practices and Ethical Responsibility
March 22
Bankrate was found by the SEC to have intentionally manipulated its financial results to exceed market expectations, an act that demonstrates a significant breach in ethical responsibility. This deliberate act of financial fraud compromises corporate transparency and harms investor trust, elements which are critical in maintaining robust democratic financial practices. Such behavior, while not directly political, indirectly supports a climate of corporate impunity that can contribute to the erosion of democratic checks and balances.
In the Matter of Bankrate, Inc. Admin. Proc. File No. 3-16786
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