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Violation Tracker Individual Record

Company: The New Wealth, LLC and Main Street Estate Group, Inc. and Jenny DB Properties, LLC
Penalty: $3,999,715
Year: 2018
Date: December 18, 2018
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: The New Wealth, LLC, Main Street Estate Group, Inc., Jenny DB Properties, LLC and two individuals agreed to jointly and severally pay a $3,999,715 civil penalty (reduced by any restitution paid) in settlement of allegations they fraudulently sold unregistered securities in the state without being licensed.
Level of Government: state
Action Type: agency action
Agency: Maryland Securities Division
Civil or Criminal Case: civil
Facility State: Maryland
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.