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Violation Tracker Individual Record

Company: Indiana Business Development Group LLC et al.
Penalty: $287,750
Year: 2024
Date: May 14, 2024
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: Indiana Business Development Group, LLC, Hoosier Economic Development Group, and MALC Training Institute, agreed to pay $287,500 restitution and $250 costs in settlement of allegations they fraudulently sold securities when not registered as an agent in the state.
Level of Government: state
Action Type: agency action
Agency: Indiana Securities Division
Civil or Criminal Case: civil
Facility State: Indiana
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.