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Violation Tracker Individual Record

Company: B&B Equity Group LLC et al.
Penalty: $2,650,649
Year: 2011
Date: October 25, 2011
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: Wealth Financial International, LLC, B&B Equity Group LLC, Global Equity Resources, LLC, Global Equity Preservation, Inc. and three individuals were ordered to pay $7,885 in costs (jointly and severally), $2,574,707 in restitution (all but Wealth Financial International), $350,000 in disgorgement of commissions (Wealth Financial International only) and $84,000 in civil penalties for the companies in total, in an Order finding they deceptively sold securities in the state without being registered.
Level of Government: state
Action Type: agency action
Agency: Missouri Secretary of State-Securities
Civil or Criminal Case: civil
Facility State: Missouri
Source of Data: (click here)
Notes: Penalty total divided evenly between two groups of respondents.
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.