Violation Tracker Individual Record

Company: 
ACI Holdings, Inc.
Penalty: 
$999,763
Year: 
2007
Date: 
July 18, 2007
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Violation Description: 

ACI Holdings and its controlling individuals agreed to pay $974,763 in restitution and a $50,000 administrative penalty (reduced to $25,000 once part of the restitution was paid) in settlement of allegations they fraudulently sold unregistered securities in the state without being registered as dealers.

Level of Government: 
state
Action Type: 
agency action
Agency: 
Arizona Corporation Commission
Civil or Criminal Case: 
civil
Facility State: 
Arizona
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.