LAS VEGAS (Legal Newsline) - Nevada Attorney General Catherine Cortez Masto announced a settlement on Friday with a corporate registered agent over allegedly deceptive advertisements sent by mail to corporations prompting them to change registered agents.
Registered Agent Inc., a company based in Carson City, allegedly mailed misleading and deceptive advertisements containing official secretary of state corporation forms. The official paperwork misled corporations into believing that the letters were sent by their existing registered agents, but by filling out the forms and paying the fees that were requested, the corporations unintentionally changed their corporate registered agent to Registered Agent Inc., Masto said.
"My office is here to deter future misconduct and to help create a fair market place that simultaneously protects consumers and honest businesses," Masto said. "This is the latest example of our ongoing effort to ensure businesses and consumers are not taken advantage of."
Under the terms of the settlement, Registered Agent Inc. must refund all monies paid by those corporations identified by Masto and must pay a $2,500 fine. In the future, Registered Agent Inc. will also include notices in a clear and distinct format in its mailings indicating that the letter is a solicitation to corporations to change the corporation's registered agent.