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Violation Tracker Individual Record

Company: Providential Securities, Inc.
Penalty: $115,000
Year: 2000
Date: December 15, 2000
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: NASD Regulation, Inc. sanctioned and fined Providential Securities, Inc., of Orange County, CA, $115,000 and has permanently barred its Chairman and CEO for violation of numerous NASD Rules and federal securities laws. In addition, the firm agreed to return funds to customers who invested in its private placement between December 1998 and June 1999.
Level of Government: federal
Action Type: agency action
Agency: Financial Industry Regulatory Authority
Civil or Criminal Case: civil
Source of Data: (click here)
Notes: FINRA is a securities industry self-regulatory body authorized by the federal government. This case was handled by its predecessor, the National Association of Securities Dealers (NASD).
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.