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Violation Tracker Individual Record

Company: Performance Arbitrage Company, Inc. et al.
Penalty: $653,191
Year: 2020
Date: November 12, 2020
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: Performance Arbitrage Company, Financial Product Distributors, Upstate Law Group, and six individuals were ordered to jointly pay $371,191 in restitution in a finding that they fraudulently sold unregistered securities in the state and were not registered as securities dealers or salespeople. In addition, Performance Arbitrage Co. was ordered to pay $21,000 in Administrative Penalties, Financial Product Distributors was ordered to pay $21,000 in Administrative Penalties, and Upstate Law Group was ordered to pay $240,000 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)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.