Violation Tracker Individual Record

Company: 
Capital Investment Group, Inc.
Penalty: 
$500,000
Year: 
2016
Date: 
November 29, 2016
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Violation Description: 

Capital Investment Group agreed to pay a $500,000 civil penalty (reduced by any restitution paid) in settlement of allegations it failed to adequately supervise a representative, leading to the sale of unregistered and unsuitable securities.

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