Violation Tracker Individual Record

Company: 
Assisted Living Development Company, Inc. et al.
Penalty: 
$2,410,895
Year: 
2011
Date: 
March 21, 2011
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Violation Description: 

Assisted Living Development Company, Inc., ALDCO Investment #2, L.L.C., ALDCO Investment #3, L.L.C., ALDCO Investment #4, L.L.C., ALDCO Investment #5 L.L.C., ALDCO Investment #6, L.L.C., ALDCO Investment #10, L.L.C. and their controlling individuals agreed to pay $2,310,895 in restitution and the companies agreed to pay a $100,000 administrative penalty 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.