Violation Tracker Individual Record

Company: 
Social Automotive Management Services, LLC et al.
Penalty: 
$561,629
Year: 
2019
Date: 
November 7, 2019
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Violation Description: 

Social Automotive Management Services, LLC, Sharp Management, LLC, Social, Inc. and one individual were ordered to pay $467,943 in restitution and $3,686 in costs, and the companies were ordered to pay $90,000 in civil penalties, in an Order finding they fraudulently sold unregistered securities in the state without being registered to deal in securities.

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.