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Violation Tracker Individual Record

Company: Concordia Financing Company, Ltd. and ER Financial & Advisory Services, LLC
Penalty: $4,007,986
Year: 2019
Date: February 20, 2019
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: Concordia Financing Company, Ltd., ER Financial & Advisory Services, LLC and controlling individuals were ordered to pay restitution and administrative penalties in an Order finding they sold unregistered, fraudulent securities in the state while unlicensed. The penalties were: $2,607,986 in restitution jointly and severally between the companies, $700,000 each in administrative penalties.
Level of Government: state
Action Type: agency action
Agency: Arizona Corporation Commission
Civil or Criminal Case: civil
Facility State: Arizona
Source of Data(click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.