Business ProfileforCBA Capital, Inc.
Current Alerts For This Business
The following describes a government action that has been resolved by either a settlement or a decision by a court or administrative agency. If the matter is being appealed, it will be noted below.
On November 9, 2020, Sean Zarinegar entered into a Desist and Refrain Order with the California Department of Financial Protection and Innovation. The order settles allegations that Sean offered or sold securities in this state by means of oral or written communications which included untrue statements of material facts or omitted to state material facts necessary in order to make the statements made. Under terms of the order, Sean Zarinegar is ordered to desist and refrain from offering or selling or buying or offering to buy any security in the State of California.
This action is final.
The following describes a government action that has been resolved by either a settlement or a decision by a court or administrative agency. If the matter is being appealed, it will be noted below.
On September 30, 2019, Sean Zarinegar and CBA Capital Inc entered into a Judgment and Permanent Injunction with the State of Idaho, Department of Finance, Securities Bureau. The Judgment settles allegations that the business failed to disclose that Mr. Zarinegar had been sanctioned by the states of Kansas, Illinois and Alabama for securities law violations; diverted investor funds to Zarinegar’s personal use without specifically disclosing that use to at least one Idaho investor; failed to disclose that one Idaho investor’s investment interest would be converted from an investment in a real estate company that made its income from owning and managing real estate, to a company growing and selling hemp and marijuana. Under terms of the judgment, the business is permanently enjoined from engaging in any act or practice that violates any provision of Idaho's Uniform Securities Act and permanently enjoined from issuing, offering or selling securities in the State of Idaho. The business must pay a money judgment in the amount of $550,800 and pay civil penalties in the amount of $20,000.
This action is final.
At-a-glance
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Overview
Business Details
- Location of This Business
- 34406 N. 27th Drive #140, Phoenix, AZ 85085
- BBB File Opened:
- 8/11/2010
- Years in Business:
- 22
- Business Started:
- 1/9/2002
- Business Incorporated:
- 1/9/2002
- Type of Entity:
- Corporation
- Related Businesses
- Business Management
- Mr. Sean Zarinegar, President
- Contact Information
Customer Contact
- Mr. Sean Zarinegar, President
- Additional Contact Information
Phone Numbers
- (623) 551-5808Other Phone
- (623) 551-5808
Customer Complaints
0 Customer Complaints
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