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 of Data:
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.
