Violation Tracker Individual Record

Company: 
Jorge Romero Investments, Inc. and Maximum Return Investments, Inc.
Penalty: 
$2,840,868
Year: 
2011
Date: 
February 1, 2011
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Violation Description: 

Jorge Romero Investments, Inc., Maximum Return Investments, Inc. and one individual were ordered to pay $2,418,867 in restitution plus a $422,000 civil penalty to resolve allegations they deceptively sold unqualified securities.

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.