JACKSON — The Mississippi Public Service Commission has fined a Florida company $1.3 million for 266 violations of the state’s No Call law. But with Global Financial Assist LLC having gone out of business, the fine may be more symbolic than actual.
The fines come to $5,000 for each of the unauthorized calls the telemarketer made to Mississippi residents, said PSC Commissioner Brandon Presley.
Regulators say Global Financial Assist made unauthorized telephone solicitations to residential customers without registering to telemarketing the state and purchasing the Mississippi No-Call database. The $1.3 million fine is the maximum allowable under that law and must be paid within 20 days from the date of the PSC order.
A check of the company’s website notes it is non active. The company was incorporated in 2010 in Longwood, Fla.
Presley said in an interview that the state will pursue judgments against the telemarketer’s principals and have liens placed on their assets. “We also want them to know that if they want to come back, there is a $1.3 million hammer hanging over them,” he said. “We’ll use every means possible to stop them. We don’t just fine and give up.”
The company’s calls pitched refinancing and other loan deals.
The PSC received 266 complaints from people on the No-Call directory contacted by Global Financial Assist, Presley said.
To get on the No Call list, phone 1-800-356-6428.