Business ProfileforLive Wealthy Institute
Current Alerts For This Business
The following describes a pending government action that has been formally brought by a government agency but has not yet been resolved. We are providing a summary of the governments allegations, which have not yet been proven.
On August 13, 2020, Securities and Exchange Commission filed a Complaint for Injunctive and other Relief against Dale Tenhulzen and Live Wealthy Institute LLC. Charges filed allege the business is in violation of federal law prohibiting unlawfully selling securities of Florida-based real estate firm EquiAlt LLC to retail investors while acting as unregistered brokers. Between approximately April 2015 and September 2019, Tenhulzen was among EquiAlt's top revenue producers, selling approximately $15 million of its unregistered securities to more than 60 retail investors. Tenhulzen and Live Wealthy allegedly received approximately $1.5 million in transaction-based commissions from their sales of EquiAlt securities, even though neither of them was registered as a broker-dealer or permitted to sell securities.
The matter is pending.
At-a-glance
Related Categories
Business Details
- Location of This Business
- 16835 Algonquin Street Suite 104, Huntington Beach, CA 92649
- BBB File Opened:
- 4/8/2021
- Years in Business:
- 11
- Business Started:
- 7/13/2013
- Type of Entity:
- Sole Proprietorship
- Business Management
- Mr. Dale Tenhulzen, President/Founder
- Contact Information
Customer Contact
- Mr. Dale Tenhulzen, President/Founder
Customer Complaints
0 Customer Complaints
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