Violation Tracker Individual Record

Company: 
Super Absorbent Co., Synchronized Funding, LLC
Penalty: 
$42,650,000
Year: 
2010
Date: 
July 16, 2010
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Violation Description: 

Super Absorbent Co., Synchronized Funding and related individuals were ordered to jointly and severally pay $12.8 million restitution and $29.85 million in civil penalties to resolve allegations they violated multiple state securities regulations and failed to abide by previous orders.

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.