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Violation Tracker Individual Record

Company: Tycoon Trading, LLC et al.
Penalty: $40,684,525
Year: 2023
Date: August 17, 2023
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: Tycoon Trading, Northern Financial Services, Daily Bread Fund, and two individuals, were ordered to pay nearly $26 million restitution, and the companies to jointly pay a total of $14,750,000 civil penalties in a finding that they violated the Alaska Securities Act by fraudulently selling unregistered securities without being a registered investment advisor.
Level of Government: state
Action Type: agency action
Agency: Alaska Division of Banking and Securities
Civil or Criminal Case: civil
Facility State: Alaska
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.