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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 of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.