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Violation Tracker Individual Record

Company: Cornerstone Benefit Advisors, LLC
Penalty: $1,405,126
Year: 2017
Date: October 17, 2017
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: Cornerstone Benefit Advisors and its managing member were ordered to pay a fine of $575,000 and $830,126 in restitution in a Final Order finding that it deceptively sold securities, failed to fulfill fiduciary duties and committed multiple records violations.
Level of Government: state
Action Type: agency action
Agency: Kentucky Department of Financial Institutions
Civil or Criminal Case: civil
Facility State: Kentucky
Facility City: Louisville
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.