A Colorado Springs investment firm and its affiliates have agreed to sanctions in a case related to illegal offerings of securities.

Colorado Securities Commissioner Gerald Rome said ASI Capital, and various firms and individuals who participated in the illegal offering of securities by unlicensed individuals in Colorado, have finalized a settlement with the state.

According to the agreements, ASI Capital raised more than $12.5 million between 2012 to 2014, offering promissory notes to approximately 130 investors that promised returns of between 8 and 10 percent.

The offerings of these notes were not registered and were sold primarily through an unlicensed broker-dealer, Colorado Springs-based Accelerated Wealth, who also employed unlicensed sales agents, Rome's office said.

Read more at the Denver Business Journal: http://bit.ly/2o9S9ne