Business ProfileforPar Funding
Additional business information
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 28, 2018, the business entered into a Consent Order with the Pennsylvania Department of Banking and Securities, Bureau of Securities Compliance and Examinations for violations of the Pennsylvania Securities Act of 1972. The settlement resolves allegations that the company violated Pennsylvania securities laws by entering into agreements with unregistered agents to sell securities. As a result of the Consent Order, the business was ordered to pay an administrative assessment of $499,000.00., and to comply with the 1972 Act and Regulations.
This Agreement was for settlement purposes only and should not be considered as an admission of guilt or finding of violation of the law. The consent order is effective immediately.
For more information on this action, please visit:
https://www.dobs.pa.gov/Documents/Enforcement%20Orders/2018/112818_CompleteBusinessSolutions.pdf
The following describes a pending government action that has been formally brought by a government agency but has not yet been resolved. We are providing a summary of the government's allegations, which have not yet been proven.
On December 27, 2018, the New Jersey Bureau of Securities (NJBS) issued an Emergency Cease and Desist Order for alleged violations of the New Jersey Uniform Securities Law. The business was ordered to immediately cease and desist offering and selling unregistered securities. The NJBS also found that the business allegedly entered into "finder's fee agreements" with individuals to offer and sell securities, of which some of the finders, who received commissions, were not registered to offer or sell securities in the state.
This matter is pending. For more information on this action, please contact the New Jersey Bureau of Securities at (973) 504-3600 or visit:
https://www.nj.gov/oag/newsreleases18/CBSG-dba-PAR-Funding-Order.pdf
At-a-glance
Related Categories
Business Details
- Location of This Business
- 20 N 3rd St, Philadelphia, PA 19106-2118
- BBB File Opened:
- 3/31/2014
- Years in Business:
- 13
- Business Started:
- 10/21/2011
- Business Incorporated:
- 8/27/2013
- Type of Entity:
- Corporation
- Alternate Business Name
- Complete Business Solutions Group, Inc.
- Business Management
- Ms. Lisa McElhone, President
- Mr. Anthony Zingerelli, Partner
- Mr. Kevin Young, Chief Technology Officer
- Mr. Joseph W. LaForte, Co-Owner
- Contact Information
Principal
- Ms. Lisa McElhone, President
- Mr. Anthony Zingerelli, Partner
- Mr. Kevin Young, Chief Technology Officer
- Mr. Joseph W. LaForte, Co-Owner
Customer Contact
- Ms. Lisa McElhone, President
- Mr. Kevin Young, Chief Technology Officer
- Additional Contact Information
Phone Numbers
- (305) 504-8432Other Phone
- (305) 504-8432
Local BBB
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