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Violation Tracker Individual Record

Company: U.S. Pension Trust Corp. and U.S. College Trust Corp.
Current Parent Company: U.S. Pension Trust Corp.
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $112,600,000
Year: 2010
Date: October 1, 2010
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: The SEC announced that a U.S. District Judge found two Miami companies and their three officers liable for violating the anti-fraud provisions of the federal securities laws stemming from a 13-year fraud in which they siphoned up to 85 percent of investors' initial contributions for undisclosed commissions and other fees.
Level of Government: federal
Action Type: agency action
Agency: Securities and Exchange Commission
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: Florida
Ownership Structure of Current Parent: privately held
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: investment management
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.