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Violation Tracker Individual Record

Company: Southwest Trust & Financial
Penalty: $425,000
Year: 2006
Date: June 1, 2006
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: After settlement of a case against their lawyer, a group of companies and their controlling individuals had Orders amended, with the settlement payment received turned over to the Arizona Corporation Commission and used to reduce their restitution obligations from their consent to Orders alleging violations of state securities laws in connection with various business offerings known as World Cash, Mobile Cash and/or Hotel Connect.
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.