Business ProfileforIQBIZ Funding LLC
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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 June 28, 2023, IQBiz Funding LLC and Jad Morris entered into an Order to Cease and Desist, Order for Restitution, Order for Administrative Penalties and Consent with the Arizona Corporation Commission. The order settles allegations that the business offered or sold securities that were neither registered nor exempt from registration; offered or sold securities while neither registered as a dealer or salesman nor exempt from registration. Under terms of the order, the business shall permanently cease and desist from violating the Securities Act. Jad Morris must pay restitution to the Commission in the amount of $4,679,112.77 and pay an administrative penalty in the amount of $200,000.
This action is final.
At-a-glance
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Business Details
- Location of This Business
- 7315 W Crabapple Dr., Peoria, AZ 85383
- BBB File Opened:
- 7/19/2023
- Years in Business:
- 2
- Business Started:
- 3/31/2022
- Business Incorporated:
- 3/31/2022
- Type of Entity:
- Limited Liability Company (LLC)
- Related Businesses
Customer Complaints
0 Customer Complaints
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