Phoenix Arizona Corporation Commission Investigation Attorney

The Arizona Corporation Commission was established as per Article 15 of the Arizona Constitution. The Commission is similar to other states’ public service commissions – with expanded powers. The ACC facilitates the incorporation of businesses and organizations, securities regulations and more. This ACC oversees the securities marketplace through:

  • Investigative actions
  • Registration and oversight of:
  • Securities dealers and brokers
  • Investment advisers and their representatives
  • Reviews prospective securities offerings re: full, fair disclosure to investors
  • Makes sure offerings are not fraudulent
  • Oversight of securities

The ACC Corporations Division oversees and regulates:

  • Approves for filing all articles of incorporation for Arizona businesses
  • All limited liability articles of organization
  • Foreign corporations doing business in Arizona
  • Investigates a corporations to find determine its lawful purpose
  • Revokes noncompliant corporations’ corporate charters
  • Source: Arizona Corporation Commission

If you were charged with a violation by the Arizona Corporation Commission, you may face severe penalties as stated herein, including fines, restitution requirement, rescission of securities, and even imprisonment. Phoenix criminal defense attorney Jeremy Geigle, of JacksonWhite Attorneys at Law, handles state and federal felony and misdemeanor cases in Phoenix, Mesa, Gilbert, Chandler, Scottsdale, Glendale, Tempe and Peoria. Attorney Geigle offers a complimentary case evaluation to persons who have been arrested for or accused of an Arizona Corporation Commission violation.

Arizona Corporation Commission Civil and Criminal Penalties for Securities and Corporate Violations:

The Arizona Corporation Commission uses its jurisdictional authority to impose fines and other penalties when securities and corporate violations occur. Penalties vary considerable depending on the violation and the specific details involved. These laws and regulations are extremely complex. It is essential to obtain qualified, experienced and effective legal representation at the earliest time possible. Penalties include:

  • A.R.S. Sec 44-2032:
  • Restitution for violation of securities laws
  • Cash equal to the fair market value with interest…
  • Rescission order: compels violator to repurchase securities
  • If violator cannot make restitution or  cannot repurchase, other assets can be forced
  • Hold violator in contempt, plus
  • $20,000 civil penalty per violation,
  • Costs and attorneys’ fees
  • Order injunction
  • Temporary restraining order
  • Preliminary injunction
  • Permanent injunction

 

  • Civil liabilities include:
  • Individual investors may sue for damages
  • Penalties up to $5,000 for each violation
  • Criminal liability:
  • Class 4 felony
  • Prison: 1.5 years minimum
  • $150,000 fine, maximum
  • For misdemeanor violation:
  • 6 months prison
  • $2500 fine

Complimentary Case Evaluation with Phoenix White Collar Crimes Attorney Jeremy Geigle:

Attorney Jeremy Geigle represents clients who have been charged with securities, corporate and other Arizona Corporation Commission violations. Attorney Geigle offers reasonable rates and flexible payment options. It is always advantageous to obtain legal representation at the earliest time possible in order to fashion effective and appropriate legal defense strategies. To schedule a complimentary consultation with a Phoenix Arizona Corporations Commission Investigation Attorney, call Attorney Jeremy Geigle at 480-818-9943.

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