Violation Tracker Individual Record

Company: 
AZ Investment Property Experts, LLC and Sandy Beach Esmeralda Development, LLC
Penalty: 
$27,801,783
Year: 
2019
Date: 
July 19, 2019
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Violation Description: 

AZ Investment Property Experts, LLC and and Sandy Beach Esmeralda Development, LLC agreed to pay over $27 million in restitution and an administrative penalty of $125,000 in a consent agreement to an Order finding they deceptively sold unregistered securities while unlicensed in the state.

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.