Violation Tracker Individual Record
Company:
Saber Funds, LLC et. al.
Penalty:
$7,282,500
Year:
2015
Date:
September 29, 2015
Offense Group:
financial offenses
Primary Offense:
investor protection violation
Violation Description:
Saber Funds LLC; Saber Funds Distributors, LLC; Saber Asset Management, LLC; Fixed Term Government Fund, LLC; MSI Fund I, LLC; MSI Fund II, LLC; BWX Fund, LLC; Preferred Income Portfolio, I; Phoenix Equities, LLC; and Hallus Realty Group, LLC and their owners agreed to pay $6.7 million in restitution and $800,000 in civil penalties ($217,500 suspended) in settlement of a legal action by the Bureau of Securities alleging multiple violations of the state Uniform Securities Law by selling unregistered securities and providing investors with false information.
Level of Government:
state
Action Type:
agency action
Agency:
New Jersey Bureau of Securities
Civil or Criminal Case:
civil
Facility State:
New Jersey
Facility City:
Middletown
Source of Data:
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.
