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Violation Tracker Individual Record

Company: Precision Model & Design, Inc. et al.
Penalty: $818,000
Year: 2006
Date: June 26, 2006
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: Precision Model & Design, Inc., Air Lase, Inc. and American Innovative Research, Inc.. agreed to pay $778,000 restitution and $70,000 administrative penalties (reduced to $40,000 if restitution fully paid) in settlement of allegations they fraudulently sold unregistered securities in the state without being registered as dealers.
Level of Government: state
Action Type: agency action
Agency: Arizona Corporation Commission
Civil or Criminal Case: civil
Facility State: Arizona
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.