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Commission Revokes Securities Salesman Registration of Scottsdale Man for Dishonest and Unethical Conduct

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:

  • Guttman and Serenity Cemeteries II, LLC: $334,072 restitution and $7,000 penalty;
  • Guttman and Serenity Cemeteries IV, LLC: $199,059 restitution and $14,000 penalty;
  • Guttman and Serenity Cemeteries VI, LLC: $1,009,126 restitution and $39,000 penalty;
  • Guttman and Serenity VII, LLC: $333,864 restitution and $13,000 penalty; and
    Guttman and Champion Entertainment Group, LLC: $300,000 restitution and $2,000 penalty.

In settling this matter, the respondents neither admit nor deny the Commission’s findings, but agree to the entry of the consent order.

All documents relating to this agenda item can be found in the Corporation Commission's online docket at https://edocket.azcc.gov and entering docket number S-21083A-19-0241.
                                                                    
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