1300 W. Washington Street
Phoenix, AZ 85007-2996
The Corporation Commission revoked the Arizona securities salesman registration of Jerry L. Guttman of Scottsdale for his dishonest and unethical conduct in connection with the offer and sale of unregistered securities in a series of limited liability companies. Guttman was ordered by the Commission to pay a total of $2,176,121 in restitution and $75,000 in administrative penalties for his violations, jointly and severally, with the companies as follows:
In settling this matter, the respondents neither admit nor deny the Commission’s findings, but agree to the entry of the consent order.