August 29, 2014 6:07 AM ET

Internet Software and Services

Company Overview of Ideal Financial Solutions, Inc.

Company Overview

Ideal Financial Solutions, Inc. provides customer service, fulfillment, marketing, Web design, online merchant activity, bookkeeping, and other consulting services to third-party companies that wish to outsource their online marketing functions. The company is based in Las Vegas, Nevada.

5940 South Rainbow Boulevard

Suite 3010

Las Vegas, NV 89118

United States

18 Employees

Phone:

801-302-2251

Key Executives for Ideal Financial Solutions, Inc.

Chairman and Chief Executive Officer
Age: 61
President and Director
Age: 33
Chief Financial Officer and General Counsel
Age: 54
Chief Technology Officer
Director of Investor Relations and Director
Age: 49
Compensation as of Fiscal Year 2014.

Ideal Financial Solutions, Inc. Key Developments

SEC Revokes Registration Of Registered Securities Of Ideal Financial Solutions

An Administrative Law Judge has issued an Initial Decision of Default as to Ideal Financial Solutions, Inc.. The Initial Decision found that the company was issuer of securities registered pursuant to Section 12(g) of the Securities Exchange Act of 1934 (Exchange Act), and the company failed to comply with Section 13(a) of the Exchange Act and Exchange Act Rules 13a-1 and/or 13a-13 by not filing required periodic reports with the Securities and Exchange Commission (SEC). The Initial Decision finds these allegations to be true and revokes the registration of each class of the company’s registered securities, pursuant to Section 12(j) of the Securities Exchange Act of 1934.

SEC Orders Hearings On Registration Suspension Or Revocation Against Ideal Financial Solutions, Inc. For Failure To Make Required Periodic Filings

Securities and Exchange Commission (SEC or the commission) instituted public administrative proceeding to determine whether to revoke or suspend for a period not exceeding twelve months the registration of each class of the securities of Ideal Financial Solutions, Inc. for failure to make required periodic filings with the Commission. In this Order, the Division of Enforcement (Division) alleges that the company was delinquent in its required periodic filings with the Commission. In this proceeding, instituted pursuant to Exchange Act Section 12(j), a hearing will be scheduled before an Administrative Law Judge. At the hearing, the judge will hear evidence from the Division and the company to determine whether the allegations of the Division contained in the Order, which the Division alleges constitute failures to comply with Exchange Act Section 13(a) and Rules 13a-1 and 13a-13 there under, are true. The judge in the proceeding will then determine whether the registrations pursuant to Exchange Act Section 12 of each class of the securities of the company should be revoked or suspended for a period not exceeding twelve months. The Commission ordered that the Administrative Law Judge in this proceeding issue an initial decision not later than 120 days from the date of service of the order instituting proceeding.

Federal Trade Commission Files Suit Against Ideal Financial Solutions, Inc. for Unfair and Deceptive Practices in Violation of the Federal Trade Commission Act

The Federal Trade Commission commenced suit against Ideal Financial Solutions, Inc. and certain affiliated entities. The complaint alleges that Defendants have engaged in unfair and deceptive practices in violation of the Federal Trade Commission Act (FTC Act), 15 U.S.C. Section 45(a) by: obtaining consumer credit card and bank account information and implementing charges against those accounts without the consumers’ express informed consent; falsely representing that consumers have authorized charges; and making deceptive statements to consumers regarding the availability of refunds. The case was filed in the U.S. District Court in Las Vegas and is captioned: FTC v. Ideal Financial Solutions, Inc., et al., Case No. 2:13-cv-00143-MMD.

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