Violation Tracker Individual Record

Company: 
Out of the Blue Processors, LLC dba Out of the Blue Processors II, LLC
Penalty: 
$2,995,500
Year: 
2015
Date: 
October 27, 2015
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Violation Description: 

Out of the Blue Processors, LLC and its controlling individual were ordered to pay nearly $2.5 million in restitution and a $50,000 administrative penalty in an Order finding they fraudulently sold unregistered securities in the state while unlicensed.

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.