Violation Tracker Individual Record

Company: 
Princeton Global Management Ltd. and Princeton Economics International Ltd.
Penalty: 
$27,000,000
Year: 
2009
Date: 
August 21, 2009
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Secondary Offense: 
securities issuance or trading violation
Violation Description: 

The U.S. Commodity Futures Trading Commission announced that it obtained more than $27 million in remaining restitution and permanent injunctions in consent orders that settled its fraud charges against Martin Armstrong of Maple Shade, N.J., and his investment firms Princeton Global Management Ltd. and Princeton Economics International Ltd.

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.