Violation Tracker Individual Record
Company:
Precision Model & Design, Inc. et al.
Penalty:
$818,000
Year:
2006
Date:
June 26, 2006
Offense Group:
financial offenses
Primary Offense:
investor protection violation
Violation Description:
Precision Model & Design, Inc., Air Lase, Inc. and American Innovative Research, Inc.. agreed to pay $778,000 restitution and $70,000 administrative penalties (reduced to $40,000 if restitution fully paid) in settlement of allegations they fraudulently 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 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.
