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Violation Tracker Individual Record

Company: Saber Funds, LLC et. al.
Penalty: $7,282,500
Year: 2015
Date: September 29, 2015
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: Saber Funds LLC; Saber Funds Distributors, LLC; Saber Asset Management, LLC; Fixed Term Government Fund, LLC; MSI Fund I, LLC; MSI Fund II, LLC; BWX Fund, LLC; Preferred Income Portfolio, I; Phoenix Equities, LLC; and Hallus Realty Group, LLC and their owners agreed to pay $6.7 million in restitution and $800,000 in civil penalties ($217,500 suspended) in settlement of a legal action by the Bureau of Securities alleging multiple violations of the state Uniform Securities Law by selling unregistered securities and providing investors with false information.
Level of Government: state
Action Type: agency action
Agency: New Jersey Bureau of Securities
Civil or Criminal Case: civil
Facility State: New Jersey
Facility City: Middletown
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.