Violation Tracker Individual Record

Company: 
Monterey Bay Securities, Inc.
Penalty: 
$300,231
Year: 
2008
Date: 
May 28, 2008
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Violation Description: 

Monterey Bay Securities and its owner were ordered to pay $300,231 in restitution, penalties and costs in an Administrative Law Decision finding that it failed to keep correct records and deceptively sold unqualified securities while unlicensed.

Level of Government: 
state
Action Type: 
agency action
Agency: 
California Department of Financial Protection and Innovation
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.