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 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.