Business ProfileforArchimedes Foundation Trust
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 March 2, 2022, Archimedes Foundation Trust, Aka Archimedes Foundation Trust Group, entered into an Order to Cease and Desist, Order for Restitution, Order for Administrative Penalties, and Order For other Affirmative Action with the Arizona Corporation Commission. The order settles allegations that the business offered or sold securities while neither registered as a dealer or salesman nor exempt from registration, offered or sold securities that were neither registered nor exempt from registration, employed a device, scheme, or artifice to defraud, made untrue statements or misleading omissions of material facts, and engaged in transactions, practices, or courses of business that operate or would operate as a fraud or deceit. Under terms of the order, the business must pay restitution in the amount of $450,000 and pay an administrative penalty in the amount of $50,000.
This action is final.
At-a-glance
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Overview
Business Details
- Location of This Business
- 11557 W Sage Dr, Avondale, AZ 85392
- BBB File Opened:
- 4/12/2022
- Years in Business:
- 2
- Business Started:
- 3/2/2022
- Type of Entity:
- Sole Proprietorship
- Alternate Business Name
- Archimedes Foundation Trust Group
Customer Complaints
0 Customer Complaints
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