1300 W. Washington Street
Phoenix, AZ 85007-2996
The Corporation Commission ordered Alfred Baca of Flagstaff and Chrysology Capital Group, LLC to pay a $10,000 administrative penalty for fraudulently selling securities in Arizona while not registered in as a securities salesman or dealer.
The Corporation Commission found that Baca and Chrysology Capital Group told investors their money would be used for the appraisal of diamonds, but some of the money was misappropriated to pay for Baca’s personal expenses. The Corporation Commission found that Baca and Chrysology Capital Group falsely represented that the execution of the agreements with investors did not violate the law. The investors have since been repaid.
In settling this matter, Baca and Chrysology Capital Group admit to the Commission’s findings and agree to the entry of the consent order.