Source: https://dfr.vermont.gov/reg-bul-ord/re-hall-labs-llc
Timestamp: 2019-04-23 08:05:58+00:00

Document:
This Stipulation and Consent Order (Order) is entered by and among Hall Labs LLC (Respondent), and the State of Vermont Department of Financial Regulation (Department).
Respondent hereby waives any right to a hearing and appeal under the Vermont Administrative Procedure Act, Title 3, Chapter 25 of the Vermont Statutes; the rules, regulations and orders of the Commissioner; and any right it may have to judicial review by any court with respect to this Order.
1. Respondent is a firm with a principal place of business at 3000 Sierra Vista Way, Provo, Utah.
2. Respondent sells and/or has sold securities in Vermont that are subject to the notice filing requirements in 9 V.S.A. § 5302 and Rule S-2016-01, § 4-3.
3. On November 21, 2017, Respondent made a first sale to a Vermont resident.
4. On October 17, 2018, Respondent delivered to the Department via EFD a complete notice filing which included a Form D and filing fee of $600. This filing arrived 315 days late.
5. The securities offered and sold by Respondent were federal covered securities under 15 U.S.C. § 77r(b)(4)(F) (formerly § 77r(b)(4)(E)) and subject to the filing requirements of Rule S-2016-01, § 4-3(b).
6. Respondent violated Rule S-2016-01, § 4-3(b) by selling federal covered securities in Vermont without notice filing a Form D and paying the required fee within 15 days of the first sale.
7. Respondent is subject to a civil penalty under 9 V.S.A. § 5604 for violating Rule S-2016-01, § 4-3(b).
8. Respondent shall pay an administrative penalty in the amount of $500.00 to the Vermont Department of Financial Regulation.

References: § 5302
 § 4
 § 77
 § 77
 § 4
 § 4
 § 5604
 § 4