Donna Kay Beers, her husband, James, and their Caesar Investments company have entered into a consent agreement with the Arizona Corporation Commission (ACC) Securities Division to cease and desist further violation of the Securities Act and the Investment Management Act.

In entering the agreement the Beers waived the right to a hearing regarding the cease and desist order filed with the ACC in June.

The agreement orders payment of restitution in the amount of $357,379 to be distributed by the ACC and an administrative penalty of $115,000.

The consent order does not preclude further administrative, civil or criminal action related to the case.

The cease and desist notice stated that Beers had engaged in soliciting investment monies from clients and using those funds for personal use.

The Commission had previously revoked Beers’ registration as a securities sales person in July 2013. At that time the Commission found Beers in violation of antifraud provisions of the Securities Act. She was also ordered to cease and desist from further violations of the Securities Act.

The order states that between April 2014 and October 2015 Beers solicited and received from three different investors a total of $93,700 to be placed with Caesar Investments.

It was not disclosed to any of these parties that Beers was an owner of Caesar. She also promised a 10 percent return in one year.

The Commission filing adds that the funds were used for personal use by Beers, including paying $23,547 on a past due mortgage debt.

Beers declined to comment for this story.