Violation Tracker Individual Record

Company: 
The Chamber Group, Inc.
Penalty: 
$16,342,404
Year: 
2002
Date: 
March 26, 2002
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Violation Description: 

The Chamber Group, Inc. and three individuals agreed to pay $16,265,854 in restitution and $133,100 in administrative penalty (reduced to $76,550 with prompt payment) in settlement of allegations they sold unregistered securities in the state without being registered as dealers and unlawfully acted as an investment advisor or investment advisor representatives.

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.