Violation Tracker Individual Record

Company: 
Oakbridge Financial Services, Inc. and Private Label Money Management, Inc.
Penalty: 
$750,104
Year: 
2018
Date: 
June 4, 2018
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Secondary Offense: 
financial institution supervision failures
Violation Description: 

Oakbridge Financial Services, Inc.. Private Label Money Management, Inc. and three individuals were ordered to pay $314,772 in restitution and $25,332 in costs, and the companies were ordered to pay a total of $410,000 in civil penalties in an Order finding multiple violations of the Missouri Securities Act concerning dishonest practices and failure to supervise or report.

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