Violation Tracker Individual Record

Company: 
Independent Securities Investors Corp.
Penalty: 
$2,530,000
Year: 
2006
Date: 
April 17, 2006
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Secondary Offense: 
financial institution supervision failures
Violation Description: 

Independent Securities Investors Corp. was ordered to pay $2.53 million in an Administrative Order finding it sold unregistered securities in a deceptive manner, used unregistered agents, failed to supervise its agents, and failed to maintain accurate records.

Level of Government: 
state
Action Type: 
agency action
Agency: 
Connecticut Securities and Business Investments Division
Civil or Criminal Case: 
civil
Facility State: 
Connecticut
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.