Violation Tracker Individual Record

Company: 
Highline Estates, LLC et al.
Penalty: 
$676,570
Year: 
2009
Date: 
April 21, 2009
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Violation Description: 

Highline Estates, LLC, Mutual Financial Services, LLC (dba MFS Real Estate Division and MFS Investments), Dream Craft, LLC and their controlling individual agreed to pay $651,570 in restitution and a $50,000 administrative penalty (reduced to $25,000 for prompt restitution payment) in settlement of allegations they deceptively 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.