Violation Tracker Individual Record

Company: 
Vision Financial Partners, LLC
Penalty: 
$6,527,130
Year: 
2017
Date: 
March 21, 2017
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 a federal court entered a Consent Order against Neil Pecker with a last-known address in Longwood, Florida and his company, Vision Financial Partners, LLC of Deerfield Beach, who were charged with fraudulent solicitation and misappropriation in connection with off-exchange binary options. The Order, entered on March 9, 2017, required Pecker and Vision, jointly and severally, to pay restitution to defrauded investors totaling $2,777,130 and a $3.75 million civil monetary penalty.

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.