Business ProfileforACT Global Investment
Current Alerts For This Business
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 13, 2018, The Securities and Exchange Commission filed a Complaint against ACT Global Investments and the owner, Craig Arsenault, in the Central District of California. Charges filed allege the business is in violation of federal law prohibiting providing false and misleading misrepresentations and omissions to clients in connection with the purchase and sale of securities and misappropriating and misusing investment funds in the amount of $1 million to benefit himself. Also prohibiting obtaining money by means of false and misleading misrepresentations and omissions to his Clients who invested in ACT Global Investments, by providing monthly account statements to those clients which falsely indicated that their investments were invested in income producing investments, were receiving interest income in the amount reported in the statements, were secure and available to be withdrawn within 30-60 days of a withdrawal demand, and had not been used to pay Arsenault and his businesses.
The matter is pending.
At-a-glance
Related Categories
Business Details
- Location of This Business
- 30101 Town Center Dr Ste 203, Laguna Niguel, CA 92677
- BBB File Opened:
- 6/3/2019
- Years in Business:
- 12
- Business Started:
- 3/2/2012
- Business Incorporated:
- 3/2/2012
- Type of Entity:
- Corporation
- Related Businesses
- Business Management
- Mr. Craig Arsenault, Owner
- Contact Information
Principal
- Mr. Craig Arsenault, Owner
Customer Contact
- Mr. Craig Arsenault, Owner
Customer Complaints
0 Customer Complaints
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