An Initial Order, effective March 31, 2016, permanently bars Alexander from participation in the securities industry in Tennessee and imposes a total of $20,000 in civil penalties: $7,500 for the sale of the unregistered security
; $7,500 for not being registered to offer or sell securities at the time of the sale; and $5,000 for committing securities fraud.
However, an unknown number of unregistered security
companies and facilities need to be added to this number.
Jablonski, 62, of Castle Rock, Colo., were each sentenced to 10 years in prison after pleading guilty last November to one count each of securities fraud and selling an unregistered security
Charges against Wichtendahl include three counts of mail fraud, three counts of wire fraud, four counts of securities fraud, four counts of selling an unregistered security
and two counts of money laundering.
Since then, 57 unregistered security
firms have been dissolved and the process of dissolving another 52 is in progress.
Ratner pleaded to selling an unregistered security
and was sentenced to probation.
He also urged the security companies for hiring ex-army and ex-police officials for better functioning of their systems, and assuring strict action against unregistered security
Last night, hundreds of Merseyside construction sites were visited as police searched for illegal immigrants, unregistered security
guards and benefit frauds.
There are only two elements to this crime: a "sale" or an "offer to sell," and an unregistered security
. (18) In this context, the terms "sale" and "sell" are defined in F.S.
"For the most part, if an unlicensed broker calls someone and is pitching an unregistered security
, that is a big red flag," Galindo said.
The CAB probe began after investigating officers noticed how extraordinary amounts of cash were being chanelled through an unregistered security
company set up by the pair.
* Sale of an unmarketable asset, such as real estate, closely held stock or an unregistered security
for which there is no available exemption permitting public sale.