Violation Tracker Individual Record

Company: 
Pacific Cornerstone Capital
Penalty: 
$700,000
Year: 
2009
Date: 
December 21, 2009
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Secondary Offense: 
financial institution supervision failures
Violation Description: 

The Financial Industry Regulatory Authority fined Pacific Cornerstone Capital, Inc. of Irvine, CA, $700,000 for failing to include full and complete information in private placement offering documents and marketing material. FINRA also charged Pacific Cornerstone with advertising violations and supervisory failures.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Financial Industry Regulatory Authority
Civil or Criminal Case: 
civil
Notes: 

FINRA is a securities industry self-regulatory body authorized by the federal government.

Source Notes: 
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Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.