Violation Tracker Individual Record

Company: 
Whispering Winds Properties, L.L.C et al.
Penalty: 
$16,633,570
Year: 
2009
Date: 
May 21, 2009
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Violation Description: 

Whispering Winds Properties, L.L.C., LM Beagle Properties, L.L.C., Karlena, Inc., and Axis International, Inc., were ordered to pay a total of $11,233,570 in restitution plus a $5,400,000 administrative penalty (jointly and severally with their controlling individual) in an Order finding 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.