Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: Tower Square Securities, Inc.
Penalty: $300,000
Year: 2007
Date: July 23, 2007
Offense Group: financial offenses
Primary Offense: investor protection violation
Secondary Offense: financial institution supervision failures
Violation Description: Town Square Securities, USAllianz Securities and Advantage Capital agreed to pay a total of $400,000 civil penalties in settlement of allegations they failed to supervise the activities of their agents and Connecticut office operations to comply with securities laws. They had already agreed to pay over $5 million in investor restitution.
Level of Government: state
Action Type: agency action
Agency: Connecticut Securities and Business Investments Division
Civil or Criminal Case: civil
Facility State: Connecticut
Facility City: Hartford
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.