Violation Tracker Individual Record

Company: 
B&B Equity Group LLC et al.
Penalty: 
$2,650,649
Year: 
2011
Date: 
October 25, 2011
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Violation Description: 

Wealth Financial International, LLC, B&B Equity Group LLC, Global Equity Resources, LLC, Global Equity Preservation, Inc. and three individuals were ordered to pay $7,885 in costs (jointly and severally), $2,574,707 in restitution (all but Wealth Financial International), $350,000 in disgorgement of commissions (Wealth Financial International only) and $84,000 in civil penalties for the companies in total, in an Order finding they deceptively sold securities in the state without being registered.

Level of Government: 
state
Action Type: 
agency action
Agency: 
Missouri Secretary of State-Securities
Civil or Criminal Case: 
civil
Facility State: 
Missouri
Notes: 

Penalty total divided evenly between two groups of respondents.

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.