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Violation Tracker Individual Record

Company: Metropolitan Ambulatory Surgical Center LLC and MGK Holdings LLC
Penalty: $5,500,000
Year: 2014
Date: August 12, 2014
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: Metropolitan Ambulatory Surgical Center, MGK Holdings, and their owners, agreed to pay approximately $5.5 million, of which over $4 million was restitution and the remainder costs and civil penalties ($250,000 of which was suspended) to settle allegations they defrauded investors by selling unregistered notes, making false statements to investors, and misusing investors funds.
Level of Government: state
Action Type: agency action
Agency: New Jersey Bureau of Securities
Civil or Criminal Case: civil
Facility State: New Jersey
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.