Violation Tracker Individual Record

Company: 
CanAm Capital Corp. et al.
Penalty: 
$17,860,000
Year: 
2012
Date: 
October 30, 2012
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Violation Description: 

CanAm Capital Corp., Premier Equity Fund, LLC, Premier Equity Fund II, LLC, Premier Equity Fund III, LLC, Premier Equity Fund IV, LLC, Premier Equity Fund V, LLC and three individuals agreed to jointly and severally pay $17.86 million in settlement of allegations they deceptively sold unqualified securities in the state, misused investor funds, and violated a desist and refrain order.

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

There was a separate settlement with Santa Rita Partners, Inc.

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.