Violation Tracker Individual Record

Company: 
Premium Income Corp.
Penalty: 
$123,000,000
Year: 
2007
Date: 
February 7, 2007
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Secondary Offense: 
securities issuance or trading violation
Violation Description: 

Engaging in fraud in the sale and solicitation of illegal foreign currency covered call options and misappropriating customer funds.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Commodity Futures Trading Commission
Civil or Criminal Case: 
civil
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.