On December 12, 2013, the SEC filed settled administrative proceedings against Global Entertainment Corporation. According to the SEC: "In 2011, the Greater Wenatchee Regional Events Center Public Facilities District ('District') defaulted on $41.77 million in Bond Anticipation Notes ('BANs') it had issued in 2008 to finance a multi-use arena and ice hockey rink (the 'Regional Center') located in the City of Wenatchee, Washington (the 'City'). The Official Statement for the BANs was materially false and misleading." Global Entertainment Corporation was hired by the District to develop and operate the Regional Center.

On November 5, 2013, the SEC announced that it charged the Greater Wenatchee Regional Events Center Public Facilities District, a municipal issuer in the state of Washington's Wenatchee Valley region, with misleading investors in a bond offering that financed the construction of a regional events center and ice hockey arena. The SEC's settled administrative proceedings also name the developer Global Entertainment Corporation and its then-president and CEO Richard Kozuback, the underwriter Piper Jaffray & Co. and its lead investment banker Jane Towery, and Allison Williams, a senior staff member for the Greater Wenatchee Regional Events Center Public Facilities District who certified the accuracy of the official statement. In settling the SEC's charges, Global Entertainment and Kozuback each agreed to pay penalties of $10,000.