Violation Tracker Individual Record

Company: 
National Investment Consultants, Inc. and Pacific Best Group Ltd.
Penalty: 
$2,021,500
Year: 
2006
Date: 
August 31, 2006
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Violation Description: 

National Investment Consultants and Pacific Best Group, aka Pacific Best Co. Ltd., along with several individuals, agreed to jointly and severally pay $1.78 million in restitution plus $120,000 penalties for each company in settlement of allegations they engaged in fraudulent solicitation and offered illegal foreign currency futures contracts.

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.