Violation Tracker Individual Record

Company: 
Success Trade Inc.
Penalty: 
$13,179,804
Year: 
2015
Date: 
February 19, 2015
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Violation Description: 

Success Trade, Inc. and its owner agreed to pay over $12 million in restitution and $650,000 in civil penalties in settlement of allegations it sold unaccredited securities, made misleading statements and failed to state material facts to investors, failed to provide records, made unsuitable recommendations to investors and failed to establish supervisory procedures.

Level of Government: 
state
Action Type: 
agency action
Agency: 
District of Columbia Department of Insurance, Securities and Banking
Civil or Criminal Case: 
civil
Facility State: 
District of Columbia
Facility City: 
Washington
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.