Violation Tracker Individual Record

Company: 
Bancroft Ventures Ltd.
Penalty: 
$14,300,000
Year: 
2006
Date: 
October 16, 2006
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Secondary Offense: 
consumer protection violation
Violation Description: 

Bancroft Ventures was ordered to pay $14.3 million in civil penalties to resolve allegations it it acted as a finance lender without a license and induced the buying and selling of securities without a license.

Level of Government: 
state
Action Type: 
agency action
Agency: 
California Department of Business Oversight
Civil or Criminal Case: 
civil
Facility State: 
California
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.