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Robinson ServicesInformation and Alerts
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This business has 1 alert.
Government Actions
The Department of Financial Protection and Innovation v Robinson Services and Tafara Robinson
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 15, 2024, Robinson Services and Tafara Robinson, owner of Robinson Services, entered into a Final Order Levying Administrative Penalties and Ancillary Relief and an Order Barring Tafara Robinson from any Position of Employment, Management or Control of any Investment Adviser, Broker-Dealer, or Commodity Adviser with the Department of Financial Protection and Innovation. The Order settles allegations that the business and Tafara Robinson engaged in deceptive acts and practices through deposit taking activities, transmitting or exchanging funds, or otherwise acting as a custodian of funds or any financial instrument on behalf of the consumer, representing that debt relief services would be provided but upon receiving payment, no services were provided, offering and selling securities in the form of investment contracts without being qualified, permitted, or exempt, inside and outside the state of California, representing that the business was a brokerage service company without being qualified, permitted, or exempt, and representing to investors that their money would be held in an account where it was safe and would grow annually, yet no investor received received any profits. Under terms of the Order, the business and Tafara Robinson were ordered to individually, jointly and severally pay an administrative penalty of $51,000 and restitution in the amount of $195,000 and Tafara Robinson was barred from any position of employment, management or control of any investment adviser, broker-dealer, or commodity.
This action is final.
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