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Violation Tracker Individual Record

Company: Innovative Financial Solutions, LLC et al.
Penalty: $2,466,092
Year: 2019
Date: March 15, 2019
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: Innovative Financial Solutiosn, LLC, Alternative Portfolio Solutions, LLC and one individual were ordered to pay $2,275,350 in restitution, $66,060 in disgorgement of commissions, and $4,682 in costs, and the companies were to pay $120,000 in civil penalties in an Order finding they fraudulently sold unregistered securities in the state without being registered to deal in securities.
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)
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.