Violation Tracker Individual Record

Company: 
Technology Communication Management, L.L.C. et al.
Penalty: 
$1,553,235
Year: 
2012
Date: 
January 4, 2012
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Violation Description: 

Technology Communication Management, L.L.C., Cashnet Asset Management, Inc. aka The Breakfast Trade, Windsor Equity Partners, Inc., Discover Business Solutions, Inc., and Discover Portfolio Services, LP plus an individual were ordered to jointly and severally pay $1,553,235 to resolve allegations they deceptively sold unqualified securities and acted as an uncertified investment adviser.

Level of Government: 
state
Action Type: 
agency action
Agency: 
California Department of Financial Protection and Innovation
Civil or Criminal Case: 
civil
Facility State: 
California
Notes: 

Technology Communication Management, L.L.C and the individual were also ordered to pay an additional $150,000 in civil penalties for violating a Desist and Refrain Order.

Source Notes: 
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Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.