Business ProfileforRenewable Technologies Solutions, 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 19, 2021, Guy Scott Griffithe and Robert William Russell entered into a Final Judgment with the Securities and Exchange Commission. The Judgment settles allegations that the business offered or sold unregistered securities, misrepresented the investment and use of proceeds, failed to register securities, offered and sold fictitious securities, and misused investor funds. Under terms of the Judgment, Griffithe has been ordered to to pay $2,093,336 in disgorgement, $336,194 in prejudgment interest, and $2,882,539 in a civil penalty totaling $5,312,071. Griffithe is also permanently enjoined from violating the registration provisions of Section 5 of the Securities Act. The Judgment also permanently bars Griffithe from participating in the issuance, purchase, offer, or sale of any security in an unregistered offering by an issuer, and from acting as an officer or director of any issuer that has a class of securities registered or that is required to file reports pursuant to the Securities Exchange Act. Russell has been ordered to pay $275,153 in disgorgement, $44,190 in prejudgment interest, and $378,888 in a civil penalty, for a total of approximately $698,232. Furthermore Griffithe and Russell have been enjoined from violating the anti-fraud provisions of Section 17(a) of the Securities Act of 1933 ("Securities Act") and Section 10(b) of the Securities Exchange Act of 1934 ("Securities Exchange Act") and Rule 10b-5.
This action is final.
At-a-glance
Related Categories
Business Details
- Location of This Business
- Laguna Niguel, CA 92677
- BBB File Opened:
- 1/23/2020
- Years in Business:
- 20
- Business Started:
- 8/30/2004
- Business Incorporated:
- 8/30/2004
- Type of Entity:
- Corporation
Customer Complaints
0 Customer Complaints
Need to file a complaint? BBB is here to help. We'll guide you through the process. How BBB Processes Complaints and Reviews
File a ComplaintBBB Business Profiles may not be reproduced for sales or promotional purposes.
BBB Business Profiles are provided solely to assist you in exercising your own best judgment. BBB asks third parties who publish complaints, reviews and/or responses on this website to affirm that the information provided is accurate. However, BBB does not verify the accuracy of information provided by third parties, and does not guarantee the accuracy of any information in Business Profiles.
When considering complaint information, please take into account the company's size and volume of transactions, and understand that the nature of complaints and a firm's responses to them are often more important than the number of complaints.
BBB Business Profiles generally cover a three-year reporting period. BBB Business Profiles are subject to change at any time. If you choose to do business with this business, please let the business know that you contacted BBB for a BBB Business Profile.
As a matter of policy, BBB does not endorse any product, service or business. Businesses are under no obligation to seek BBB accreditation, and some businesses are not accredited because they have not sought BBB accreditation.