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Commission Sanctions Former Securities Salesman and His Real Estate-Related Companies for Defrauding Elderly Investor

The Arizona Corporation Commission ordered former securities salesman Jeffrey Robert Simbric of Campe Verde and his affiliated companies—AZ REl School, LLC and SFG Real Estate Holdings, LLC—to pay $14,371in restitution and a $5,000 administrative penalty for defrauding an elderly investor with a real estate scheme.

The Corporation Commission found Simbric met the elderly investor after selling him a walk-in bathtub and installing it in the investor’s home. Subsequently, it was found Simbric asked the elderly investor if he wanted to invest in “flipping” houses, but Simbric and his companies were not registered at that time to offer or sell securities in Arizona.

The Corporation Commission found Simbric misrepresented to the elderly investor that he had purchased properties related to the investment, using investor funds for his personal use. The Commission found that Simbric had been barred from acting as a securities salesman by the Financial Industry Regulatory Authority (FINRA) for deceiving a client and was a convicted felon for theft and criminal impersonation.

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-1133A-20-0382.

Arizona Corporation Commission

1200 W. Washington Street

Phoenix, AZ 85007


Corporations Division

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Phoenix, AZ 85007


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