1300 W. Washington Street

Phoenix, AZ 85007-2996




Main: (602) 542-4242

Toll-Free Number in Arizona:
1-(866) 837-4399

Email: SecuritiesDiv@azcc.gov


Commission Finds Promoters of Faith-based Films Defrauded Investors

The Commission found with unanimous consent that Bear Fruit Films violated the Securities Act registration and antifraud provisions by misleading 72 Christian investors out of $1.5 million for selling securities to finance faith-based film products. The Commissioners ordered that restitution paid in the amount of $1,590,500 and administrative penalties against Bear Fruit Films at $110,000; for Mark Smith to pay $75,000; and James Simmons to pay $110,000 as a result of the case findings. 

All documents related to this agenda item can be found in the Corporation Commission's online docket https://edocket.azcc.gov and entering docket number S-21100A-20-0066.


Arizona Corporation Commission

1200 W. Washington Street

Phoenix, AZ 85007


Corporations Division

1300 W. Washington Street

Phoenix, AZ 85007


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