Source: http://www.sosnc.gov/sec/actions.aspx
Timestamp: 2017-01-21 17:24:26
Document Index: 142313816

Matched Legal Cases: ['§78', '§78', '§ 18', '§78', '§78', '§78', '§78', '§78', '§78', '§ 78', '§ 78', '§78', '§78', '§78', '§78', '§78', '§78', '§78', '§78', '§78', '§78', '§78', '§78', '§78', '§78', '§78', '§78', '§78', '§78', '§78', '§78', '§78', '§78', '§78', '§78', '§78', '§78', '§78', '§78', '§ 78', '§78', '§78']

A summary cease & desist order is issued by the Securities Division when
it appears that ongoing activity violates the North Carolina Securities Act or the
North Carolina Investment Advisers Act and poses the threat of irreparable harm
to the investing public. The cease & desist order commands those who receive
it to stop any further violations and to comply with the requirements of the securities
laws. At the time of issuance of a summary order, the persons named in the
order have not had the opportunity to respond to its allegations. The order notifies
those persons that they may request a hearing on whether the allegations are true.
If no hearing is requested, the Division will issue a final order confirming
the allegations as true. A final order terminates the controversy between the parties
and concludes the issues in the proceeding, unless and until it is vacated or set
here for help downloading files. On October 24, 2016, the North Carolina Secretary of State's Securities Division entered into a Consent Order with Palmetto Premier Advisors, LLC. The Consent Order ordered that the Respondents immediately cease and desist from transacting business in this State in violation of the provisions of the North Carolina Investment Advisers Act or the rules thereunder. Click here to see the Order.
On October 18, 2016, the Securities Division of the North Carolina Department of the Secretary of State issued a Final Order against Daniel P. Sexton. The Order obligates Mr. Sexton to cease and desist from violating the N.C. Securities Act (G.S. Ch. 78A) and also to accurately report information on Form U-4. Mr. Sexton further agreed to amend his Form U-4 in a timely manner. In addition, the Order required a monetary payment of $1,000.00 in settlement of the Securities Division's investigation. The Order found Mr. Sexton had failed to disclose business activities outside the scope of his employment with his securities dealer and, consequently, had filed an incomplete application for registration under the N.C. Securities Act. Click here to view the Order.On July 14, 2016, the North Carolina Secretary of State's Securities Division issued an Order of Summary Postponement to Palmetto Premier Advisors, LLC. The Order of Summary Postponement ordered pursuant to the authority contained in N.C.G.S. §78C-19(c) and 78C-19(f), that, pending a hearing and a final determination of this matter, the North Carolina registration of Palmetto Premier Advisors, LLC as an investment adviser be postponed. Click here to see the OrderOn May 15, 2015, the Securities Division of the North Carolina Department of Secretary of State issued a Final Order of Revocation (Order) against Aegis Capital, LLC (Aegis). The Order revoked Aegis's registration to operate as an Investment Adviser in North Carolina. The Order found that Aegis had violated provisions of the Investment Advisers Act. Click here to view the Final Order Revocation.On May 4, 2015,the Securities Division of the North Carolina Department of Secretary of State issued a Final Order to Cease and Desist against CAUSwave, Inc. This Order made permanent the terms of the Temporary Order to Cease and Desist issued on March 12, 2015. The Final Order found that CAUSwave, Inc. has violated the North Carolina Securities Act. The Order directs CAUSwave, Inc. and any person, employee, officer, director, entity or independent contractor under the direction or control of CAUSwave, Inc, to cease and desist from offering for sale, soliciting offers to purchase or selling, in or from North Carolina, any securities unless and until: (1) such securities have been registered under the provisions of the North Carolina Securities Act, and (2) CAUSwave, Inc. and any person or entity under the direction or control of CAUSwave, Inc. is properly registered as a securities dealer or salesman under the provisions of the North Carolina Securities Act. Click here to view the Final Order.On March 20, 2015, the Securities Division of the North Carolina Department of Secretary of State issued an Order of Summary Suspension (Order) against Aegis Capital, LLC (Aegis). The Order suspended Aegis’s registration to operate as an Investment Adviser in North Carolina. The Order found that Aegis had violated provisions of the Investment Advisers Act. The Order gives Aegis thirty (30) business days in which to request a hearing. If no such request is made during that time, the Order shall become final. Click here to view the Order of Summary Suspension.On March 12, 2015, the Securities Division of the North Carolina Department of Secretary of State issued a Temporary Order to Cease and Desist to CAUSwave, Inc. CAUSwave, Inc. was ordered to cease and desist from offering for sale, soliciting offers to purchase or selling, in or from North Carolina, any securities unless and until such securities have been registered and CAUSwave, and any person or entity under the direction or control of CAUSwave is properly registered as a securities dealer or salesman. The Temporary Order to Cease and Desist found that CAUSwave, Inc. was not registered as a dealer or salesman of securities in North Carolina and offered and sold shares of its unregistered stock; these activities are in violation of the North Carolina Securities Act. The Temporary Order to Cease and Desist gives CAUSwave, Inc. thirty (30) business days in which to request an hearing. If no such request is made during that time, the Temporary Order to Cease and Desist shall become final. Click here to view the Temporary Order.On February 12, 2015, the Securities Division of the North Carolina Department of Secretary of State issued a Final Order to Cease and Desist against respondents Stark Innovations, L.L.C., and David Alan Topping, doing business as "Stark Investments, Inc." This Order makes permanent the terms of the Temporary Order to Cease and Desist issued on November 5, 2014 in this matter. Respondents failed to object to the issuance of the Final Order or to seek any hearing in this matter. Respondents are prevented and restrained from offering to sell, or selling, securities interests in Stark Innovations, L.L.C., or any other security, in North Carolina without first complying with the North Carolina Securities Act. Click here to see the Order.On January 27, 2015, the Securities Division of the North Carolina Department of the Secretary of State entered into a Final Consent Order with Respondent, McGrath & Associates, Inc. McGrath & Associates, Inc. is a registered investment adviser in the State of North Carolina. McGrath & Associates, Inc. violated the registration provisions of the North Carolina Investment Advisers Act by employing an unregistered investment adviser representative. The unregistered investment adviser representative was fully qualified for registration. The registration violation came to the Securities Division’s attention through a routine audit of the investment adviser. McGrath & Associates, Inc. properly registered the investment adviser representative on May 13, 2014. Click here to view the Final Order.On December 19, 2014, the Securities Division of the North Carolina Department of the Secretary of State entered into a Consent Order with respondents, Senior Veterans Council, LLC, and David L. Cole. Respondent Senior Veterans Council, LLC, through its agent, Respondent David L. Cole improperly held itself out to the North Carolina investing public as an investment adviser licensed to legally engage in investment advisory business. The Consent Order also found that respondents engaged in the business of providing investment advisory services in North Carolina without being properly registered to do so under the North Carolina Investment Advisers Act. To read the Consent Order, please click here.On November 05, 2014, the Securities Division of the North Carolina Department of the Secretary of State issued a Temporary Order to Cease and Desist to Stark Innovations, L.L.C., and David Alan Topping, d/b/a “Stark Investments, Inc.”. Stark Innovations, L.L.C., and David Alan Topping, d/b/a “Stark Investments, Inc.” were ordered to cease and desist from offering for sale, soliciting offers to purchase or selling, in or from North Carolina, any securities unless and until such securities have been registered and Stark Innovations, L.L.C., and David Alan Topping, d/b/a “Stark Investments, Inc.” become registered as a dealer or salesman of securities. The Temporary Order to Cease and Desist found that Stark Innovations, L.L.C., and David Alan Topping, d/b/a “Stark Investments, Inc.” offered for sale as investment opportunities certain securities in the form of promissory notes, whereby investors could expect an interest return based on increased revenue generated from international trade; and that this activity violated the North Carolina Securities Act. The Temporary Order to Cease and Desist gives Respondents 30 days in which to request a hearing. If no such request is made during that time, the Temporary Order to Cease and Desist shall become final. Click here to view the Temporary Order.On 21 May 2014, the Securities Division of the North Carolina Department of the Secretary of State, with the consent of Respondents, issued a Final Consent Order against Respondents Empowered Investor Incorporated, James Daryl Upham, and Thomas Cowart Goolsby, based on findings of violations of the North Carolina Investment Advisers Act by the Respondents in soliciting advisory clients and in the management of their advisory clients’ accounts. The Final Order revokes the investment adviser registration of Empowered Investor Incorporated, and the registrations as investment adviser representatives of Upham and Goolsby. The Respondents are ordered to cease and desist from engaging in the securities or financial services business and from transacting any business as an investment adviser, investment adviser representative, or securities dealer or salesman. In addition, the Order prohibits Respondents for ten years from seeking registration as an investment adviser or investment adviser representative pursuant to N.C.G.S. Chapter 78C or as a dealer or salesman pursuant to N.C.G.S. Chapter 78A. Click here to view the Final Order.On October 22, 2013, the Securities Division of the North Carolina Department of the Secretary of State issued a Temporary Order to Cease and Desist to VASQUEZ GLOBAL INVESTMENTS, LLC and EDWIN A. VASQUEZ. VASQUEZ GLOBAL INVESTMENTS, LLC and EDWIN A. VASQUEZ were ordered to cease and desist from offering for sale, soliciting offers to purchase or selling, in or from North Carolina, any securities unless and until such securities have been registered and VASQUEZ GLOBAL INVESTMENTS, LLC and EDWIN A. VASQUEZ become registered as a dealer or salesman of securities. The Temporary Order to Cease and Desist found that VASQUEZ GLOBAL INVESTMENTS, LLC and EDWIN A. VASQUEZ offered and sold debt instruments in transactions involving an investment enterprise that alleged to trade in futures contracts and commodities, which violated the North Carolina Securities Act. The Temporary Order to Cease and Desist gives Respondents 30 days in which to request a hearing. If no such request is made during that time, the Temporary Order to Cease and Desist shall become final. Click here to view the Temporary Order.On September 6, 2013, the Securities Division of the North Carolina Department of the Secretary of State issued a Final Order to Cease and Desist to respondents, Ballantyne Wealth Advisors, LLC, Ballantyne Wealth Management Group, LLC, and Ronald J. Walters. The Final Order to Cease and Desist made final the Temporary Order to Cease and Desist issued and entered by the Division on June 21, 2013, ordering each respondent to cease and desist from transacting business in the State of North Carolina as investment advisers and investment adviser representative in violation of the North Carolina Investment Advisers Act. The Temporary Order to Cease and Desist found that respondents were engaged in the business of providing investment advisory services in North Carolina without being properly registered to do so under the North Carolina Investment Advisers Act. Additionally, respondents continued to hold themselves out as registered investment adviser and investment adviser representative in violation of the anti-fraud provisions of the North Carolina Investment Advisers Act. The Temporary Order to Cease and Desist gave Ballantyne Wealth Advisors, LLC, Ballantyne Wealth Management Group, LLC, and Ronald J. Walters 30 days in which to request a hearing. Respondents failed to file such a request within the time allowed, causing the Temporary Order to Cease and Desist to become permanent and final. To read the Final Order, please click here.On July 11, 2013, the Securities Division of the North Carolina Department of the Secretary of State, with the consent of Respondents, issued a Final Order against Fraser Landmark, LLC, d/b/a Fraser Advisors as successor in registration to Fraser Management Associates, LLC, a/k/a FMA, LLC ("Fraser"), William Alexander Seagle, and Leonard David Davenport. The Final Order ordered that the registration of Fraser be restricted and limited as described in the Final Order. The Final Order also ordered that the applications of Mr. Seagle and Mr. Davenport for registration as investment advisers representatives under Chapter 78C be granted, subject to the restrictions and limitations described in the Final Order. The Final Order found that, from February 2006 through present, Fraser had: (a) transacted business in this State as an investment adviser by, among others, providing investment advice for compensation; and (b) neither submitted a notice filing with the Administrator under Chapter 78C between 2006 and 2012 when it was an investment adviser covered under federal law, nor registered itself, for the period of 28 June 2012 through 10 December 2012, with the Administrator as an investment adviser under Chapter 78C. The Final Order also found that, from February 2006 through present, Mr. Seagle and Mr. Davenport had transacted business in this State as investment adviser representatives of Fraser, and during such period neither person was registered as an investment adviser representative under Chapter 78C. Click here to view the Final Order.On June 21, 2013, the Securities Division of the North Carolina Department of the Secretary of State issued a Temporary Order to Cease and Desist to respondents, Ballantyne Wealth Advisors, LLC, Ballantyne Wealth Management Group, LLC, and Ronald J. Walters. The Temporary Order to Cease and Desist ordered each respondent to immediately cease and desist from transacting business in the State of North Carolina as investment advisers and investment adviser representative in violation of the North Carolina Investment Advisers Act. The Temporary Cease and Desist found that respondents were engaged in the business of providing investment advisory services in North Carolina without being properly registered to do so under the North Carolina Investment Advisers Act. Additionally, respondents continued to hold themselves out as registered investment adviser and investment adviser representative in violation of the anti-fraud provisions of the North Carolina Investment Advisers Act. The Temporary Order to Cease and Desist gives Ballantyne Wealth Advisors, LLC, Ballantyne Wealth Management Group, LLC, and Ronald J. Walters 30 days in which to request a hearing. If no such request is made during that time, the Temporary Order to Cease and Desist shall become final. To read the Temporary Order, please click here.On May 14, 2013, the Securities Division of the North Carolina Department of the Secretary of State, with the consent of Respondents, issued a Final Order against Pliny Arenas and Salem Vision Ventures, LLC, a former North Carolina limited liability company. The Final Order ordered that Pliny Arenas and Salem Vision Ventures, LLC cease and desist from offering to sell or selling securities of any kind including, but not limited to, investment contracts or membership interests in a limited liability company such as Respondent Salem Vision Ventures, LLC. The Final Order found that neither Pliny Arenas nor Salem Vision Ventures, LLC was registered to offer or sell securities in North Carolina, in violation of the North Carolina Securities Act. To read the Final Order, click here.On March 27, 2013, the Securities Division of the North Carolina Department of the Secretary of State issued a Temporary Order to Cease and Desist to, respondents, James Harvey Mason, The JHM Forex Only Pool (f/k/a The JHM Forex Only Pool, LP), and Forex Trading at Home (d/b/a “FTAH Partners”). The Temporary Order to Cease and Desist ordered each respondent, and any agent thereof, to immediately cease and desist offering for sale, soliciting offers to purchase, or selling, any security of any issuer, howsoever denominated, including but not limited to the securities of respondents or other entities under their control, unless and until any such: (a) Securities have been registered under the provisions of the Securities Act; and (b) Respondent, and any person or entity under the direction or control of any such respondent, is properly registered as a securities dealer or salesman under the provisions of the North Carolina Securities Act. The Temporary Order to Cease and Desist found that respondents offered investment contracts in the form of an investment program whereby investors’ money was pooled and used to trade off-exchange foreign currencies. The Temporary Order to Cease and Desist gives James Harvey Mason, The JHM Forex Only Pool (f/k/a The JHM Forex Only Pool, LP), and Forex Trading at Home (d/b/a “FTAH Partners”) 30 days in which to request a hearing. If no such request is made during that time, the Temporary Order to Cease and Desist shall become final. To read the Temporary Order, click here.On February 27, 2013, the Securities Division of the North Carolina Department of the Secretary of State issued a Temporary Order to Cease and Desist
to Roman Novak, Radoslav Novak, and Inter Reef LTD d/b/a Profitable Sunrise. Roman Novak, Radoslav Novak, and Inter Reef LTD d/b/a Profitable Sunrise were ordered to cease and desist
from offering for sale, soliciting offers to purchase or selling, in or from North Carolina, any securities unless and until such securities have been registered and Roman Novak, Radoslav Novak, and Inter Reef LTD d/b/a Profitable Sunrise become registered as dealers or salesmen of securities. The Temporary Order to Cease and Desist found that Roman Novak, Radoslav Novak, and Inter Reef LTD d/b/a Profitable Sunrise offered investment contracts in the form of investment plans, made available through their website http://www.profitablesunrise.com, in violation of the North Carolina Securities Act. The Temporary Order to Cease and Desist gives Respondents 30 days in which to request a hearing. If no such request is made during that time, the Temporary Order to Cease and Desist shall become final. To read the Temporary Order, click here.On February 4, 2013, the Securities Division of the North Carolina Department of the Secretary of State issued a Final Order to Cease and Desist against Hedrick Consulting, Incorporated and Rondell Scott Hedrick. The Final Order to Cease and Desist permanently ordered that Respondents shall cease and desist from offering for sale, soliciting offers to purchase or selling, in or from North Carolina, any securities, including but not limited to the securities of Hedrick Consulting, Incorporated. The Final Order to Cease and Desist found that Hedrick Consulting, Incorporated and Rondell Scott Hedrick are in violation of N.C.G.S. §§78A-24 and 78A-36. Click here to view the Final Order.On November 20, 2012, the Securities Division of the North Carolina Department of the Secretary of State issued a Temporary Order to Cease and Desist to Rondell Scott Hedrick and Hedrick Consulting, Incorporated. Rondell Scott Hedrick and Hedrick Consulting, Incorporated were ordered to cease and desist from offering for sale, soliciting offers to purchase or selling, in or from North Carolina, any securities unless and until such securities have been registered and Rondell Scott Hedrick and Hedrick Consulting, Incorporated become registered as a dealer or salesman of securities. The Temporary Order to Cease and Desist found that Rondell Scott Hedrick and Hedrick Consulting, Incorporated offered and sold investment contracts in transactions involving the purchase and sale of gold bars, in violation of the North Carolina Securities Act. The Temporary Order to Cease and Desist gives Respondents 30 days in which to request a hearing. If no such request is made during that time, the Temporary Order to Cease and Desist shall become final.
Click here to view the Temporary Order.On August 2, 2012, the Securities Division of the North Carolina Department of the Secretary of State, with the consent of Respondents, issued a Final Order against Edward D. Nowell and South Atlantic Capital Management Group, Inc. The Final Order ordered that each Respondent cease and desist from violating the registration requirements of Chapter 78C. The Final Order found, after an examination pursuant to N.C.G.S. § 18(e), that for a period of at least three years each Respondent conducted business as a person required to be registered under Chapter 78C while each Respondent was not registered thereunder. Click here to view the Final Order.On May 9, 2012, the Securities Division of the North Carolina Department of the Secretary of State, with the consent of the respondent, issued a Final Order against BCG Securities, Inc., a Pennsylvania corporation. First, the Final Order ordered that BCG Securities, Inc. cease and desist from transacting into or from North Carolina: (a) securities business as a securities dealer, along with its securities salesmen, unless registered; and (b) business as an investment adviser unless registered. Second, the Final Order ordered that BCG Securities, Inc. cease and desist employing or utilizing, or both, associated securities salesmen who effect or attempt to effect securities transactions while such salesmen are not registered with the Securities Division. Third, the Final Order ordered that BCG Securities, Inc. cease and desist in failing to reasonably supervise its ecurities salesmen and in violating the registration and notice filing procedures for investment advisers. Fourth, the Final Order ordered that BCG Securities, Inc.
take remedial steps including establishing and maintaining trade monitoring systems. The Final Order found that BCG Securities, Inc.: (a) transacted into or from North Carolina business as a securities dealer, along with its securities salesmen, while neither were registered with the Securities Division; (b) employed or utilized securities salesmen, whom effected or attempted to effect securities transactions into or from North Carolina, while such salesmen were not registered; (c) did not follow its internal standards pursuant to its written supervisory procedures; and (d) did not make a notice filing with the Securities Division as required by the North Carolina Investment Advisers Act (N.C.G.S. Chapter 78C).
Click here to view the Final Order.On March 29, 2012, the Securities Division of the North Carolina Department of the Secretary of State issued a Final Order to Cease and Desist against Ephren W. Taylor, City Capital Corporation, City Laundry Services, LLC, City Petroleum, LLC, and Clean Sweeps Holdings Group, LLC. The Final Order to Cease and Desist permanently ordered that Respondents shall cease and desist from offering for sale, soliciting offers to purchase or selling, in or from North Carolina, any securities, including but not limited to the securities of City Capital Corporation, City Laundry Services, LLC, City Petroleum, LLC, and Clean Sweeps Holdings Group, LLC. The Final Order to Cease and Desist finds that Ephren W. Taylor was not licensed to sell securities in North Carolina and City Capital Corporation, City Laundry Services, LLC, City Petroleum, LLC, and Clean Sweeps Holdings Group, LLC employed unlicensed salespersons to offer and sell their securities, in violation of the North Carolina Securities Act. The Final Order to Cease and Desist also permanently ordered Respondents to cease and desist from making untrue statements of a material fact and omitting to state material facts in connection with the offer, sale or purchase of any security.
Click here to view the Final Order.On March 6, 2012, the Securities Division of the North Carolina Department of the Secretary of State issued a Final Order to Cease and Desist against Joseph Maurice DeBerry and Sweetwater Capital Management, LLC, a limited liability company formed in North Carolina. The Final Order to Cease and Desist permanently ordered that Respondents shall cease and desist from offering for sale, soliciting offers to purchase or selling, in or from North Carolina, any securities, including but not limited to investment contracts in the construction of student housing at privately owned colleges, in violation of the North Carolina Securities Act. The Final Order to Cease and Desist finds that Joseph Maurice DeBerry was not licensed to sell securities in North Carolina and Sweetwater Capital Management, LLC employed an unlicensed salesman to offer and sell its securities, in violation of the North Carolina Securities Act. The Final Order to Cease and Desist also permanently ordered Respondents to cease and desist from making untrue statements of a material fact and omitting to state material facts in connection with the offer, sale or purchase of any security. Click here to view the Final Order.On January 17, 2012, the Securities Division of the North Carolina Department of the Secretary of State, with the consent of Frank S. Sparger, issued a Final Order re-instating the securities salesman and investment adviser representative registrations of Mr. Sparger, and restricting those registrations for a period of three years. Mr. Sparger’s registrations
were summarily suspended by the Division in connection with events that caused FINRA to impose a suspension of his FINRA membership. The underlying events took place some years ago at a now defunct brokerage firm. Mr. Sparger cooperated with FINRA and the Division in their separate proceedings. Click here to view the Final Order.On January 3, 2012, the Securities Division of the North Carolina Department of the Secretary of State issued a Temporary Order to Cease and Desist to Joseph Maurice DeBerry and Sweetwater Capital Management, LLC. Joseph Maurice DeBerry and Sweetwater Capital Management, LLC were ordered to cease and desist from offering for sale, soliciting offers to purchase or selling, in or from North Carolina, any securities unless and until such securities have been registered and Joseph Maurice DeBerry and Sweetwater Capital Management, LLC become registered as a dealer or salesman of securities. The Temporary Order to Cease and Desist found that Joseph Maurice DeBerry and Sweetwater Capital Management, LLC offered and sold investment contracts in the construction of student housing at privately owned colleges in violation of the North Carolina Securities Act. Joseph Maurice DeBerry and Sweetwater Capital Management, LLC were also ordered to cease and desist from making untrue statements of a material fact and omissions of material facts in connection with the offer, sale or purchase of any security. The Temporary Order to Cease and Desist gives Respondents 30 days in which to request a hearing. If no such request is made during that time, the Temporary Order to Cease and Desist shall become final. Click here to view the Temporary Order.On November 30, 2011, the Securities Division of the North Carolina Department of the Secretary of State issued a Temporary Order to Cease and Desist to Ephren W. Taylor, City Capital Corporation, City Laundry Services, LLC, City Petroleum, LLC, and Clean Sweeps Holdings Group, LLC. Respondents were ordered to cease and desist from offering for sale, soliciting offers to purchase or selling, in or from North Carolina, any securities unless and until such securities have been registered and Ephren W. Taylor, City Capital Corporation, City Laundry Services, LLC, City Petroleum, LLC, and Clean Sweeps Holdings Group, LLC become registered as a dealer or salesman of securities. The Temporary Order to Cease and Desist found that Ephren W. Taylor and City Capital Corporation offered and sold investment contracts in the enterprise of purchasing, rehabilitating and selling of homes. Additionally, the Temporary Order to Cease and Desist found that Ephren W. Taylor, City Capital Corporation, City Laundry Services, LLC and City Petroleum, LLC offered and sold promissory notes to investors to be placed in self-directed IRA accounts with City Capital Corporation at The Equity Trust Company. Finally, the Temporary Order to Cease and Desist found that Ephren W. Taylor and Clean Sweeps Holdings Group, LLC offered and sold investment contracts in the enterprise of investing in a sweepstakes machine. Respondents were also ordered to cease and desist from making untrue statements of a material fact and omissions of material facts in connection with the offer, sale or purchase of any security. The Temporary Order to Cease and Desist gives Respondents 30 days in which to request a hearing. If no such request is made during that time, the Temporary Order to Cease and Desist shall become final.
Click here to view the Temporary Order.On November 3, 2011, the Securities Division of the North Carolina Department of the Secretary of State, with the consent of the respondents, issued a Final Order against Capital Management Partners, LLC, The North Carolina Center for Retirement and Estate Planning, LLC, and Kevin Edward Sullivan. It was ordered and agreed that the applications of Capital Management Partners, LLC and Kevin Edward Sullivan were denied. It was also ordered and agreed that respondents would not apply with the Securities Division again before July 11, 2014. Respondents were also ordered to cease and desist from violating any statute, rule or regulation under the NC Securities Act or Investment Advisers Act.
Click here to view the Final Order.On October 10, 2011, the Securities Division of the North Carolina Department of the Secretary of State issued a Final Order By Consent revoking the securities salesman registration of Charles Mark Hall, a resident of Johnston County. In May 2011, Mr. Hall entered a plea of guilty in the Superior Court of Johnston County to criminal charges of embezzlement arising from the conduct of his business as an insurance broker and a securities salesman prior to and during 2009. Mr. Hall was sentenced a term in state prison of at least 13 years.
Click here to view the Final Order.On September 27, 2011, the Securities Division of the North Carolina Department of the Secretary of State issued a Final Order to Cease and Desist against respondents Carolyn W. Grant and Omega Property Group, LLC. The Final Order to Cease and Desist permanently ordered that Respondents shall cease and desist from offering for sale, soliciting offers to purchase, or selling, in or from North Carolina, promissory notes or any other security unless and until such securities and Respondents have been registered under the Securities Act. The Final Order to Cease and Desist also permanently ordered Respondents from making untrue statements of a material fact in connection with the offer, sale or purchase of any security. Click here to view the Final Order.On September 22, 2011, the Securities Division of the North Carolina Department of the Secretary of State, with the consent of Sherwood Randy Smith, a resident of Pitt County, and Consolidated Work Industries, Inc., a North Carolina corporation, issued a Final Order against Smith and Consolidated Work Industries, Inc. Smith and Consolidated Work Industries, Inc. were ordered to cease and desist from offering to sell or selling securities of any kind in the State of North Carolina, including, but not limited to, participation in the expected proceeds from the release of funds from any “off shore” account, promissory notes, stocks, or the securities offered by any other entity, to persons residing or located in the State of North Carolina, without first complying with the North Carolina Securities Act. The Final Order found that Smith and Consolidated Work Industries, Inc. were selling unregistered securities in violation of the North Carolina Securities Act. Click here to view the Order.On September 19, 2011, the Securities Division of the North Carolina Department of the Secretary of State, issued a Final Order Revoking the securities salesman and investment adviser registrations of Christopher B. Mintz, formerly a resident of Wake County. In 2009 Mr. Mintz entered a plea of guilty in the United States District Court for the Eastern District of North Carolina to a federal charge of fraud by an investment adviser and was sentenced to a term in federal prison. Click here to view the Final Order By Consent.On August 4, 2011, the Securities Division of the North Carolina Department of the Secretary of State issued a Temporary Order to Cease and Desist to Carolyn W. Grant and Omega Property Group, LLC. Carolyn W. Grant and Omega Property Group, LLC were ordered to cease and desist from offering for sale, soliciting offers to purchase, or selling in or from North Carolina, promissory notes or any other security unless and until such securities have been registered and Carolyn W. Grant and Omega Property Group, LLC become registered as a dealer or salesman of securities. Carolyn W. Grant and Omega Property Group, LLC were also ordered to cease and desist from making untrue statements of a material fact in connection with the offer, sale or purchase of any security. The Temporary Order gives respondents 30 days in which to request a hearing. If no such request is made during that time, the Temporary Order To Cease And Desist shall become final. Click here to view the Temporary Order.On June 20, 2011,the Securities Division of the North Carolina Department of the Secretary of State, with the consent of Claude D. McDougal, a resident of Mecklenburg County, and US Financial Alliance Consultants, LLC, a North Carolina limited liability company, issued a Final Order against McDougal and US Financial Alliance Consultants, LLC. McDougal and US Financial Alliance Consultants, LLC were ordered to cease and desist from offering for sale, soliciting offers to purchase, or selling promissory notes or other securities in violation of the North Carolina Securities Act. The Final Order found that McDougal and US Financial Alliance Consultants, LLC were not licensed to sell securities and were selling unregistered securities, in violation of the North Carolina Securities Act. Click here to view the Order.On June 14, 2011,the Securities Division of the North Carolina Department of the Secretary of State, with the consent of Jotham Walker Pruitt, a resident of Durham County, North Carolina; Cinchpoint, Inc. d/b/a Cinchpoint Financial Services, a North Carolina Corporation; and Ramses Capital Partners, LLC, a Delaware limited liability company; issued a Final Order in which the respective registrations of Mr. Pruitt and Cinchpoint, Inc. as an investment advisor representative and investment advisor were revoked. Mr. Pruitt, Cinchpoint, Inc. and Ramses Capital Partners, LLC were ordered to cease and desist from violating any statute, rule or regulation under the North Carolina Securities Act or Investment Advisers Act. The Final Order allows Mr. Pruitt to apply for registration as a securities salesman and/or investment adviser representative under supervision; however, Mr. Pruitt may not apply for registration as a principal of an investment advisor or securities dealer before March 2, 2014. Click here to view the Final Order.On June 3, 2011,the Securities Division of the North Carolina Department of the Secretary of State issued a Final Order to Cease and Desist against Michael A. Smith, a resident of Castle Hayne, North Carolina. Smith was ordered to cease and desist from offering for sale, soliciting offers to purchase, or selling any securities, including securities of Carr Miller Capital, LLC, in violation of the North Carolina Securities Act. The Final Order found that Smith was not registered to sell securities in North Carolina and that Smith was selling unregistered securities of Carr Miller Capital, LLC, in violation of the North Carolina Securities Act. Click here to view the Final Order.On March 8, 2011, the Securities Division of the North Carolina Department of the Secretary of State and E*Trade Securities LLC reached settlement in the matter of Auction Rate Securities products sold by the company to investors in North Carolina.
The Final Consent Order was signed by Hearing Officer Sidney S. Eagles, Jr. Click here to see the signed order. On February 11, 2011, the Securities Division of the North Carolina Department of the Secretary of State, issued a Temporary Cease and Desist Order directing Michael A. Smith, a resident of Castle Hayne, North Carolina, and Carr Miller Capital, LLC, a New Jersey limited liability company, to cease and desist from offering to sell or selling securities, including but not limited to promissory notes, in violation of the North Carolina Securities Act. The temporary order finds that Carr Miller Capital and Smith sold unregistered promissory notes, that Carr Miller acted as an unregistered securities dealer, and that Smith acted as an unregistered salesman, in violation of the Securities Act. The temporary order directs the respondents to immediately cease and desist from such practices. Click here to view the Order. On February 9, 2011, the Securities Division of the North Carolina Department of the Secretary of State issued a Temporary Cease and Desist Order directing PMC Strategy, LLC, a limited liability company formed in North Carolina, and its directors, agents, and other persons in active concert and participation with PMC Strategy, LLC to cease and desist from offering to sell or selling unregistered securities, including but not limited to investments in the foreign currency market, in violation of the North Carolina Securities Act. The temporary order further finds that PMC Strategy, LLC was not licensed to sell securities in North Carolina in violation of the North Carolina Securities Act. The temporary order directs the respondents to immediately cease and desist from such practices. Click here to view the Temporary Cease and Desist Order.On January 14, 2011,the Securities Division of the North Carolina Department of the Secretary of State issued a Temporary Cease and Desist Order directing Claude D. McDougal, a resident of Mecklenburg County, and US Financial Alliance Consultants, LLC, a North Carolina limited liability company, to cease and desist from offering to sell or selling securities, including but not limited to promissory notes, in violation of the North Carolina Securities Act. The temporary order finds that McDougal and US Financial Alliance Consultants, LLC were not licensed to sell securities and were selling unregistered securities, in violation of the North Carolina Securities Act. The Order directs McDougal and US Financial Alliance Consultants, LLC to immediately cease and desist from such practices. McDougal and US Financial Alliance Consultants, LLC have requested a hearing in this matter. Click here to view the Order.On October 22, 2010, the Securities Division of the North Carolina Department of the Secretary of State summarily suspended Aspire Private Capital, L.L.C. and John Bryan Philpott from transacting business as a Registered Investment Adviser and Investment Adviser representative, respectively.
On November 19, 2010, the Securities Division, with the consent of Aspire Private Capital and Mr. Philpott, issued a Final Order resolving
the summary suspension. Aspire Private Capital and Mr. Philpott were ordered to file an
amended Form ADV, pay $250.00 in settlement of the securities investigation, and to cease
and desist from violating any statute, rule, or regulation promulgated under the North
Carolina Investment Advisers Act. Click each link to view the Order of Summary Suspension or
Final OrderOn March 24, 2010, the Securities Division of
the North Carolina Department of the Secretary of State, with the consent of Aspire Wealth Management, Inc, a North Carolina corporation, John Bryan
Philpott a resident of Mecklenburg County, North Carolina, and
Todd Andrew Witt a resident of Mecklenburg County, North Carolina,
issued a Final Order in which Aspire, Mr. Philpott
and Mr. Witt were ordered to cease and desist from transacting
business in this State as a dealer or salesman in violation of the North Carolina
Securities Act; and further ordered to cease and desist from transacting business
in this State as investment advisers/investment adviser representatives in violation
of the North Carolina Investment Advisers Act. Click here to see the OrderOn March 2, 2010 ,the Securities Division of the North Carolina Department of the Secretary of State, obtained from the Securities Administrator an Order of Summary Suspension for the investment adviser registration of Cinchpoint, Inc., d/b/a Cinchpoint Financial Services, and the investment adviser representative registration of Jotham Walker Pruitt, both based in Durham, North Carolina. The Administrator also issued a Temporary Cease and Desist Order directing Cinchpoint, Pruitt and Ramses Capital Partners, LLC, to cease and desist from offering to sell or selling securities, including but not limited to interests in Ramses, in violation of the North Carolina Securities Act. The Order of Summary Suspension finds that Cinchpoint and Pruitt engaged in violations
of Chapter 78C, N.C.G.S., the Investment Advisers Act, in the operation of their
business and directs that they immediately cease all activities as an investment
adviser and investment adviser representative, respectively.
The Temporary Cease and Desist Order finds that Cinchpoint, Pruitt and Ramses have
sold unregistered securities, among other violations of the North Carolina Securities
Act, and directs that they immediately cease and desist from such practices.
Click here to see the OrderOn January 19, 2010 , The Securities Division
filed an Administrative Petition seeking to revoke or suspend the North Carolina
security dealer registration of E*Trade Securities, LLC. The Administrative Petition
contains allegations of misconduct by E*Trade in the offer and sale of Auction Rate
Securities (ARS) to North Carolina residents between 2005 and 2008. E*Trade has
a right to an administrative hearing before this matter is concluded. The Division
has cooperated with the North American Securities Administrators Association ARS
Task Force in the Task Force investigation into the collapse of the ARS market in
Click here to see the PetitionOn January 6, 2010 , the Securities Division
of the North Carolina Department of the Secretary of State issued a Final Order
to Cease and Desist directing Mason Barnes, Bradley Kirk Turner and Kentucky Mountain
View Petroleum, Incorporated, a corporation formed in California, to cease and desist
from offering to sell or selling securities, including but not limited to investment
contracts in oil and gas exploration, in violation of the North Carolina Securities
Act. The Final Order finds that Barnes and Turner were not licensed to sell securities
in North Carolina and Kentucky Mountain View Petroleum, Inc. employed unlicensed
salesmen to offer and sell their securities, in violation of the North Carolina
Securities Act, and directs that the respondents immediately cease and desist such
Click here to see the PetitionOn January 4, 2010 , the Securities Division
of the North Carolina Department of the Secretary of State, with the consent of
Don G. Angell, Sr. , a resident of Forsyth County, North Carolina,
issued a Final Order, with the consent of Mr. Angell , and in which
Mr. Angell was ordered to cease and desist from offering to sell
or selling securities in violation of the North Carolina Securities Act, including,
but not limited to, promissory notes issued by Mr. Angell . Mr. Angell had not registered or filed for any exemption from registration
with the Division for his promissory notes.
Click here to see the OrderOn December 23, 2009 the Securities Division
of the North Carolina Department of the Secretary of State, issued a Final Order
To Cease and Desist directing Sean F. Mescall, a resident of Iredell County, to
cease and desist from offering to sell or selling securities, including, but not
limited to foreign currency exchange accounts, issued by Mescall and CapitalStreet
Financial, in violation of the North Carolina Securities Act. The Final Order finds
that Respondent Mescall sold unregistered securities, among other violations of
the North Carolina Securities Act, and directs that he immediately cease and desist
from such practices. Sean F. Mescal is awaiting trial in Mecklenburg County on several
felony charges of violating the North Carolina Securities Act. CapitalStreet Financial
is under the control of a receiver
appointed by the United States District Court for the Western District of North
Carolina in a civil action brought by the United States Commodities Futures Trading
Click here to see the PetitionOn November 2, 2009 , the Securities Division
of the North Carolina Department of the Secretary of State issued a Temporary Cease
and Desist Order directing Mason Barnes, Bradley Kirk Turner and
Kentucky Mountain View Petroleum, Incorporated , a corporation
formed in California, to cease and desist from offering to sell or selling securities,
including but not limited to investment contracts in oil and gas exploration, in
violation of the North Carolina Securities Act. The temporary order finds that Barnes and Turner were not licensed to sell securities
in North Carolina and Kentucky Mountain View Petroleum, Inc. employed
unlicensed salesmen to offer and sell their securities, in violation of the North
Carolina Securities Act, and directs that the respondents immediately cease and
desist such practices.
Click here to see the OrderOn October 20, 2009 , the Securities Division
Prosper Marketplace, Inc. , issued an Administrative Final Order
by Consent in which Prosper was ordered to cease and desist from offering to sell
or selling its securities in violation of the North Carolina Securities Act. Prosper
also agreed to and did make a contribution of $21,780.00 to the North Carolina Investor
Education and Protection Fund. The Division and securities regulators of other states,
cooperating through a working group organized by the North American Securities Administrators
Association (NASAA), investigated the business conducted by Prosper between 2006
and October 2008. The NASAA group negotiated a national settlement in which the
Division and Prosper participated.
Click here to see the OrderOn September 11, 2009 the Securities Division
of the North Carolina Department of the Secretary of State, issued an Order of Summary
Suspension of any registration, right to register, transfer or renew a registration
as a securities salesman of Charles Mark Hall of Smithfield, North
Carolina. The Order of Summary Suspension finds that Respondent Hall was terminated
by the securities dealer with whom he was affiliated after admitting to firm officials
that he had misappropriated customer funds and is imposed during the pending administrative
proceedings which will decide whether Respondent’s rights with regard to registration
Click here to see the OrderOn September 8, 2009 the Securities Division
And Desist Order directing Sean F. Mescall and CapitalStreet
Financial, LLC , a Nevada limited liability company, based in Charlotte,
North Carolina, to cease and desist from offering to sell or selling securities,
including but not limited to foreign currency exchange accounts, issued by Mescall
and CapitalStreet, in violation of the North Carolina Securities Act. The temporary
order finds that Respondents have sold unregistered securities, among other violations
of the North Carolina Securities Act, and directs that the respondents immediately
cease and desist from such practices. Sean F. Mescal was also arrested
on several felony charges of violating the North Carolina Securities Act.
Click here to see the OrderOn June 2, 2009 , the Securities Division of
the North Carolina Department of the Secretary of State, issued a Final Order To
Cease and Desist directing S. Dean Martin , a resident of Iredell
County, D. Martin Enterprises, Inc. , a North Carolina corporation
based in Iredell County, and DM Ventures, LLC , a Nevada limited
liability company operated in Iredell County, North Carolina, to cease and desist
from offering to sell or selling securities, including but not limited to promissory
notes or similar agreements issued by any of them, in violation of the North Carolina
Securities Act. The Final Order finds that Respondents have sold unregistered promissory
notes, among other violations of the North Carolina Securities Act, and directs
that the respondents permanently cease and desist from such practices.
Click here to see the OrderOn May 27, 2009 , the Securities Division of
the North Carolina Department of the Secretary of State, issued a Temporary Cease
and Desist Order directing Sidney Stanton Hanson and Charlotte
Morrow Hanson , residents of Mecklenburg County, and Queen Shoals Group,
LLC, Queen Shoals, LLC, and Queen Shoals II, LLC , entities not
authorized to do business in North Carolina but operated by the Hansons in Mecklenburg
County, North Carolina, to cease and desist from offering to sell or selling securities,
including but not limited to promissory notes or similar agreements issued by any
of them, in violation of the North Carolina Securities Act. The temporary order
finds that Respondents have sold unregistered promissory notes, and have acted as
unregistered securities dealers, violations of the North Carolina Securities Act,
and directs that the respondents immediately cease and desist from such practices.
Click here to see the OrderOn March 3, 2009 , the Securities Division of
the North Carolina Department of the Secretary of State issued a Temporary Cease
and Desist Order directing S. Dean Martin , a resident of Iredell
based in Iredell County, and D M Ventures, LLC a Nevada limited
Securities Act. The temporary order finds that Respondents have sold unregistered
promissory notes, among other violations of the North Carolina Securities Act, and
directs that the respondents immediately cease and desist from such practices.
Click here to see the OrderOn November 6, 2008 , the Securities Division
and Desist Order directing Biltmore Financial Group, Inc. , a North
Carolina corporation, and J. V. Huffman Jr. , the primary owner
of Biltmore Financial Group and a North Carolina resident, to cease
and desist from offering to sell or selling securities, including but not limited
to promissory notes issued by Biltmore Financial Group , in violation
of the North Carolina Securities Act. The temporary order finds that Huffman
and Biltmore Financial Group have sold unregistered promissory
notes through persons not licensed to engage in securities transactions, among other
violations of the North Carolina Securities Act, and directs that the respondents
immediately cease and desist from such practices.
Click here to see the OrderOn October 31, 2008, the Securities Division
Robert Lawrence Koppel, a resident of California, and Pro Financial Group, Inc.,
a California corporation, issued a Final Order in which Mr. Koppel and Pro Financial
were ordered to cease and desist from offering to sell or selling securities to
North Carolina residents in violation of the North Carolina Securities Act, including,
but not limited to, the various financial products offered on a web site maintained
by the Respondents. Neither Respondent admitted or denied the findings of the Administrator
but did consent to the entry of the Order. Click here to see the OrderOn September 29, 2008 , the Securities Division
Red Dirt Rising, RLLP , a North Carolina Registered Limited Liability
Partnership, and Gary E. Lewallen , a resident of Randolph County,
North Carolina, issued a Final Order in which Red Dirt Rising and
Mr. Lewallen were ordered to cease and desist from offering to
sell or selling securities, including but not limited to limited liability partnership
interests in Red Dirt Rising , in violation of the North Carolina
Securities Act. Red Dirt Rising never registered its offering or
filed for any exemption from registration with the Division.
Click here to see the OrderOn September 29, 2008 , the Division issued a
Final Order making permanent the Temporary Order to Cease and Desist previously
entered as to Charles Allen Smith and Sean Keating Helms
. Mr. Smith and Mr. Helms failed to request
a hearing after entry of the Temporary Order and thus have been permanently ordered
to cease and desist from offering to sell or selling securities, including but not
limited to promissory notes issued by IntelliCase , in violation
of the North Carolina Securities Act. Neither Mr. Smith nor Mr. Helms ever held a license or registration to offer or sell securities
Click here to see the OrderOn September 12, 2008 , the Securities Division
IntelliCase Corporation and R. Gordon Gooding , issued a Final Order in which IntelliCase and Mr. Gooding
were ordered to cease and desist from offering to sell or selling securities,
including but not limited to promissory notes issued by IntelliCase , in violation of the North Carolina Securities Act. IntelliCase never registered
its offering or filed for any exemption from registration with the Division.
Click here to see the OrderOn June 23, 2008
, W. Walter Wilkins, the U.S. Attorney for the District of South Carolina,
announced a 36-count indictment against JOSEPH B. BRUNSON, age 46, of Hopkins, SC,
TIMOTHY MCQUEEN, age 50, of Blythewood, SC, and TONY POUGH, age 46, of Columbia,
SC, known collectively as the “Three Hebrew Boys.” They were charged with 35 counts
of mail fraud and 1 count of conspiracy to commit mail fraud. Earlier, on May 21,
2007, the Securities Division of the Department of the Secretary of State of North
Carolina issued a Summary Order to Cease and Desist against these same individuals
(see the Order below). On November 5, 2007, the United States District Court for
South Carolina appointed Mr. Beattie B. Ashmore, Esquire, to serve as the Receiver
for the seizure, protection and management of all assets owned or controlled by
these individuals and a number of related companies and individuals. The following
website, http://www.3hbreceiver.com/ ,
has been established for anyone who may have invested with Three Hebrew Boys and
who wishes to file a claim for reimbursement if the defendants are found guilty."On June 5, 2008, the Securities Division of the
North Carolina Department of the Secretary of State, issued a Temporary Cease and
Desist Order directing IntelliCase Corporation , a Delaware corporation
based in California, R. Gordon Gooding , the Chief Financial Officer
of IntelliCase and a resident of California, Charles Allen Smith , a North Carolina resident, and Sean Keating Helms, a North Carolina resident,
of the North Carolina Securities Act. The temporary order finds that Respondents
have sold unregistered promissory notes through persons not licensed to engage in
securities transactions, among other violations of the North Carolina Securities
Act, and directs that the respondents immediately cease and desist from such practices.
Click here to see the OrderOn June 4, 2008 , the Securities Division of
the North Carolina Department of the Secretary of State issued an Order of Summary
Suspension suspending the North Carolina securities salesman registration of Respondent
Samuel Vaughn Watkins . The summary order finds that Respondent
has willfully violated or failed to comply with provisions of the North Carolina
Securities Act and that Respondent has engaged in dishonest or unethical practices
in the securities business and directs that the Respondents' securities salesman
registration be immediately suspended.
Click here to see the OrderOn June 3, 2008 , the North Carolina Secretary
of State's Securities Division issued a Final Order Denying Registration to American Capital Advisors L.L.C. and Richard Duane White . The Final Order Denying Registration ordered that Respondents shall be denied
registration as investment advisers or investment adviser representatives in North
Click here to see the OrderOn May 22, 2008 , the Securities Division of
the North Carolina Department of the Secretary of State, with the consent of D. Trent Gourley , G & G, LLC , Gourley & Gourley,
LLC , and Gourley and Associates, Inc. , issued
a Final Order directing the named respondents to permanently cease and desist from
offering to sell or selling securities in violation of the North Carolina Securities
Act. Mr. Gourley , and the entities under his control, while based
in Virginia, had offered and sold to North Carolina residents, limited liability
company memberships with a guaranteed rate of return without first registering these
securities with the Department as required by the North Carolina Securities Act.
Click here to see the OrderOn May 7, 2008 , the Securities Division of the
North Carolina Department of the Secretary of State issued a Final Order to Cease
and Desist to Paul Gwaz, aka Paul Gwazdauskas . This Order made
permanent the terms of the Temporary Order to Cease and Desist issued on January
11, 2008, in this matter. Mr. Gwaz failed to object to the imposition
of the Final Order or seek any hearing in this matter. Mr. Gwaz is restrained from offering to sell, or selling, interests in New Build Land
Trust , or any other security, in North Carolina without first complying
with the North Carolina Securities Act.
Click here to see the OrderOn May 6, 2008 , sentences were handed down in
federal court to MICHAEL A. LOMAS, SCOTT B. HOLLENBECK, LAURINDA HOLOHAN, SUSAN
KNIGHT, and ARTHUR J. ANDERSON, JR. , for their involvement
in the Mobile Billboards case. Click for an important
update in this case.On March 20, 2008, the North Carolina Secretary
of State's Securities Division issued an Order of Summary Postponement to American
Capital Advisors L.L.C. and Richard Duane White . The Order of Summary
Postponement ordered pursuant to the authority contained in N.C.G.S. §78C-19(c)
and78C-19(f), that, pending a final determination of this matter, the North Carolina
registration of American Capital Advisors L.L.C. as an investment adviser be postponed.
Also, it was further ordered that pending a final determination of this matter,
the automatic North Carolina registrations as an investment adviser representative
of Richard Duane White , and any and all other persons and entities
occupying the status or function of executive officer or director of American Capital
Advisors L.L.C. are postponed.
Click here to see the OrderOn March 11, 2008 , the Securities Division of
the North Carolina Department of the Secretary of State, with the consent of Bryan Coats , issued a Final Order directing Mr. Coats to permanently cease and desist from offering to sell or selling securities in violation
of the North Carolina Securities Act. Mr. Coats , an insurance
agent in North Carolina, had engaged in the offer and sale of unregistered securities
in the form of promissory notes from motion picture production promoters.
Click here to see the OrderOn March 11, 2008, the North Carolina Secretary
of State's Securities Division issued a Consent Order to Cease and Desist to Richard Duane White . The Consent Order ordered Richard Duane White
to immediately cease and desist from offering for sale, soliciting
offers to purchase, or selling, in or from North Carolina, investments in ETS Payphones,
Inc., Evergreen Security, Ltd, Worldwide Income Partners, Inc or any other securities
of any issuer, howsoever denominated, unless and until such securities have been
registered pursuant to the provisions of the North Carolina Securities Act or such
securities or transactions are exempt from such registration; and effecting securities
transactions with a customer not recorded on the regular books or records of his
dealer unless the transactions are disclosed to and authorized in writing by the
dealer prior to execution of the transactions.
Click here to see the OrderOn March 4, 2008, the North Carolina Secretary
of State's Securities Division issued a Final Order to cease and desist to Lineberry
& Company, Inc. and David W. Lineberry . The Final
Order ordered Lineberry & Company, Inc. and David W. Lineberry
to permanently cease and desist from i) offering for sale, soliciting offers
to purchase, or selling, in or from North Carolina, securities of Lineberry & Company,
Inc. or any other security of any issuer in violation of N.C.G.S. §78A-24; and ii)
transacting business in North Carolina as a dealer or salesman in violation of §78A-36;
and iii) in connection with the offer, sale or purchase of any security, making
any untrue statement of a material fact or omitting to state material facts necessary
in order to make statements made, in light of the circumstances under which such
statements were made, not misleading; and iv) engaging in any act, practice or course
of business which operates or would operate as a fraud or deceit upon any person;
and v) violating any section of the North Carolina Securities Act and any rule or
regulation promulgated under the North Carolina Securities Act.
Click here to see the OrderOn February 29, 2008, the North Carolina Securities
Division issued a Temporary Order to Cease and Desist to Tyrone William "Cauzae"
McCall, Terrilyn Bryant McCall, and MBG Global, LLC . The Temporary
Order ordered the McCalls and MBG Global, LLC to immediately cease
and desist from offering for sale, soliciting offers to purchase, or selling any
securities, or acting as investment advisers, or offering to provide investment
advisory services, or engaging in the business of investment advisers, either in
or from North Carolina, unless and until any such securities are properly registered
pursuant to the provisions of the North Carolina Securities Act and unless and until
the McCalls and MBG Global, LLC ., are properly registered under
both the North Carolina Securities Act and the North Carolina Investment Advisers
Click here to see the OrderOn January 11, 2008, the North Carolina Securities
Division issued a Temporary Order to Cease and Desist to Paul Gwaz . The Temporary Order ordered Paul Gwaz, aka Paul Gwazdauskas ,
to immediately cease and desist from offering for sale, soliciting offers to purchase
or selling, in or from North Carolina, interests in New Build Land Trust
or any security of any issuer, unless and until such securities have been
registered pursuant to the provisions of the North Carolina Securities Act and from
offering for sale, soliciting offers to purchase, or selling, in or from North Carolina,
securities of Learn Waterhouse, Inc. or any security of any issuer,
unless and until he becomes registered as a dealer or salesman of securities pursuant
to the North Carolina Securities Act.
Click here to see the Order.On December 5, 2007, the North Carolina Secretary
of State's Securities Division issued a Final Order to Cease and Desist to Arthur
Kenneth Weaver, Jr. and Rowan Health and Fitness Ltd. dba “GX Fitness and Wellness”.
The Final Order ordered Arthur Kenneth Weaver, Jr. and Rowan Health
and Fitness Ltd. dba “GX Fitness and Wellness” to permanently cease
and desist from offering for sale, soliciting offers to purchase, or selling securities
of Rowan Health and Fitness Ltd. and selling any securities of any issuer in violation
of §§78A-8, and 78A-24 of the North Carolina Securities Act.
Click here to see the OrderOn November 30, 2007, the North Carolina Secretary
of State's Securities Division issued a Consent Order to Cease and Desist to Leonard Jackson . The Consent Order ordered Leonard Jackson
to cease and desist from offering for sale, soliciting offers to purchase,
or selling, in or from North Carolina, stock and stock options of JEL Company and
any other securities of any issuer, unless and until such securities have been registered
pursuant to the provisions of the North Carolina Securities Act and from offering
for sale, soliciting offers to purchase, or selling, in or from North Carolina,
stock or stock options of JEL Company or securities of any issuer, unless and until
he becomes registered as a dealer or salesman of securities pursuant to the North
Carolina Securities Act. Click here to see the Order.
Click here to see the OrderOn October 26, 2007, the North Carolina Secretary
of State's Securities Division issued a Consent Order to Cease and Desist to Ray S. Fisher, Jr. The Consent Order ordered Ray S. Fisher, Jr.
or selling, in or from North Carolina, securities of Learn Waterhouse, Inc. and
any security of any issuer, unless and until such securities have been registered
securities of Learn Waterhouse, Inc. or any security of any issuer, unless and until
Click here to see the OrderOn September 11, 2007 , the North Carolina Secretary
of State's Securities Division issued a Summary Order to Cease and Desist against
Bryan Coats . The Summary Order ordered Bryan Coats to immediately cease and desist from offering for sale, soliciting offers to purchase,
or selling securities in the form of “movie production loan” programs or selling
any securities of any issuer in violation of §§78A-24, and 78A-36 of the North Carolina
Click here to see the OrderOn August 21, 2007 , the North Carolina Secretary
of State's Securities Division issued a Consent Order to Cease and Desist to Christopher Wallace Pustorino, dba Main Street Curio . The Consent
Order ordered Christopher Wallace Pustorino, dba Main Street Curio to cease and desist immediately and permanently from, in connection with the offer,
sale or purchase of any security, making any untrue statements of a material fact.
Click here to see the OrderOn August 9, 2007 , the North Carolina Secretary
of State's Securities Division issued a Final Order to Cease and Desist to Joseph
C. Franklin and Savant Interest, L.L.C . The Final
Order ordered Joseph C. Franklin and Savant Interest, L.L.C.
to cease and desist permanently from offering for sale, soliciting offers
to purchase, or selling, in or from North Carolina, securities of Savant Interest,
L.L.C. and any security of any issuer, unless and until such securities have been
securities of Savant Interest, L.L.C., or any security of any issuer, unless and
until Respondents become registered as a dealer or salesman of securities pursuant
Click here to see the OrderOn July 26, 2007 , the North Carolina Secretary
of State's Securities Division issued a Final Order to Cease and Desist to Walter
Ray Reinhardt . The Final Order ordered Walter Ray Reinhardt
to cease and desist immediately and permanently from offering for sale,
soliciting offers to purchase, or selling, in or from North Carolina, the securities
of any issuer in violation of §§78A-24 of the North Carolina Securities Act.
Click here to see the OrderOn July 11, 2007 , the North Carolina Secretary
of State's Securities Division issued a Final Order to Cease and Desist to Ronald
Alan Bryant . The Final Order ordered that the Respondent immediately
and permanently cease and desist from offering for sale, soliciting offers to purchase,
or selling, in or from North Carolina securities of Financial Solutions, Inc. and
any securities of any issuer in violation of § 78A-8, 78A-24, and 78A-36 of the
Click here to see the OrderOn June 13, 2007 , the North Carolina Secretary
of State's Securities Division issued a Summary Order to Suspend the Offer and Sale
to DAYSTAR OIL AND GAS CORPORATION . The Summary Order ordered
DAYSTAR to suspend the offer and sale of its covered security referenced
in DAYSTAR’S Regulation D 506 Notice filing filed with the Division
until the Respondent has complied with the conditions set out in N.C.G.S. § 78A-31(b).
Click here to see the OrderOn May 21, 2007 , the North Carolina Secretary
of State's Securities Division issued a Summary Order to Cease and Desist to 3 Hebrew Boys, L.L.C .; Capital Consortium Group, L.L.C .; Tony Pough ; Tim McQueen ; Joseph Brunson
; and Howard Lee Lattimore (collectively, the " Respondents
"). The Summary Order ordered the Respondents to cease
and desist immediately from offering for sale, soliciting offers to purchase, or
selling securities of 3 Hebrew Boys, L.L.C. or of Capital Consortium
Group, L.L.C. or any securities of any issuer in violation of §§78A-24
and 78A-36 of the North Carolina Securities Act.
Click here to see the OrderOn April 25, 2007 , the North Carolina Secretary
of State, Securities Division issued a Final Order to Cease and Desist to Larry
Wayne Sexton . The Final Order ordered Larry Wayne Sexton to permanently cease and desist from offering for sale, soliciting offers to purchase,
or selling securities in or from North Carolina, securities in the form of investment
contracts to purchase vacation units with a management agreement and any security
of any issuer in violation of N.C.G.S. §§78A-24 and 78A-36. Further, Larry Wayne
Sexton has been ordered to permanently cease and desist from, in connection with
the offer, sale or purchase of any security, omitting to state material facts necessary
in order to make statement made, in light of the circumstances under which such
statements were made, not misleading and from violating any provision of Article
2, entitled Fraudulent and Other Prohibited Practices, of the North Carolina Securities
of State, Securities Division issued a Final Order to Cease and Desist to Ronald
G. Calvert . The Final Order ordered Ronald G. Calvert to permanently cease and desist from offering for sale, soliciting offers to purchase,
of any issuer in violation of N.C.G.S §§78A-24 and from transacting business in
this State as a dealer or salesman of securities in violation of N.C.G.S §§78A-36
of the North Carolina Securities Act. Further, Ronald G. Calvert has been ordered to permanently cease and desist from, in connection with the offer,
sale, or purchase of any security, omitting to state material facts necessary in
order to make statement made, in light of the circumstances under which such statements
were made, not misleading and from violating any provision of Articles 2. entitled
Fraudulent and Other Prohibited Practices, of the North Carolina Securities Act,
specifically, Sections N.C.G.S §78A-8 through N.C.G.S §78A-14.
Click here to see the OrderOn April 4, 2007 , the North Carolina Secretary
of State's, Securities Division issued a Final Order to Robert M. Lowe, Jr.
dba Lowe Financial Planning . The Final Order ordered the Respondent
to permanently cease and desist from transacting business in this State as an investment
adviser without being registered to do so. Also, Robert M. Lowe agreed to pay $25,000 in settlement of the securities investigation
Click here to see the OrderOn March 23, 2007 , the North Carolina Secretary
of State's Securities Division issued a Summary Order to Cease and Desist to Lineberry & Company, Inc. and David W. Lineberry . The Division was made aware that the company was offering to sell securities through
means of a newspaper advertisement without complying with the registration requirements
of the North Carolina Securities Act. The Deputy Securities Administrator issued
a Summary Order to the company to stop the advertisements. The case is still under
Click here to see the OrderOn March 8, 2007 , the North Carolina Secretary
of State's Securities Division issued a Temporary Order to Cease and Desist to Walter Ray Reinhardt, Joseph C. Franklin and Savant Interest, L.L.C
. The Temporary Order ordered Walter Ray Reinhardt, Joseph C. Franklin
, and Savant Interest, L.L.C to cease and desist immediately
from offering for sale, soliciting offers to purchase, or selling securities of
Savant Interest, L.L.C or selling any securities of any issuer in violation of §§78A-24,
Click here to see the OrderOn March 5, 2007 , the North Carolina Secretary
of State's Securities Division issued a Final Order to Cease and Desist to Sports
Dimensions, Inc. and Marc Hubbard . The Summary Order
ordered Sports Dimensions , Inc. and Marc Hubbard to cease and desist immediately from offering for sale, soliciting offers to purchase,
or selling securities in the form of investment contracts and promissory notes or
selling any securities of any issuer in violation of §§78A-24, and 78A-36 of the
Click here to see the OrderOn February 20, 2007 , the North Carolina Secretary
of State's, Securities Division issued a Temporary Order to Cease and Desist and
Summary Suspension of Registration to Ronald Alan Bryant, Paul Carrier and Financial
Solutions, Inc. The Temporary Order ordered that the Respondents immediately
cease and desist from offering for sale, soliciting offers to purchase, or selling
any securities or selling any securities of any issuer in violation of §§78A-8,
78A-24 and 78A-36 of the North Carolina Securities Act.
Click here to see the OrderOn February 16, 2007 , the North Carolina Secretary
of State's, Securities Division entered into an order to Consent to Final Order
to Cease and Desist with Southeastern Financial Resources, LLC and Mark Edward
Patty . The Final Order ordered Southeastern Financial Resources
and Mark Edward Patty to cease and desist immediately
from offering for sale, soliciting offers to purchase, or selling any securities
in the form of common stock and debentures issued by Titan Composites, Inc., or
selling any securities of any issuer in violation of §§78A-24 and 78A-36 of the
Click here to see the OrderOn January 2, 2007 , the North Carolina Secretary
of State's Securities Division issued a Summary Order to Cease and Desist to Sports Dimensions, Inc. and Marc Hubbard . The Summary
Order ordered Sports Dimensions , Inc. and Marc Hubbard
to immediately cease and desist from offering for sale, soliciting offers
to purchase, or selling securities in the form of investment contracts and promissory
notes or selling any securities of any issuer in violation of §§78A-24, and 78A-36
of the North Carolina Securities Act.
Click here to see the Order.On December 14, 2006 , the North Carolina Secretary
of State, Securities Division issued a Consent Order to EFR Financial Services,
LLC ; Roger Van Edwards ; Byron Keith Falls
; Terry Norris Renegar ; and Bryan Speas Davis
. The Consent Order ordered the Respondents to immediately cease and desist
from offering for sale, soliciting offers to purchase, or selling, in or from North
Carolina, the securities of ACM Financial Trust, Inc. (formerly known as Atlantic
Capital Management, Inc.) or any security of any issuer in violation of N.C.G.S.
§§78A-8 and 78A-36. Respondents were also ordered to immediately cease and desist
from transacting business in this State as an investment adviser representative
unless and until said persons become registered as investment adviser representatives
pursuant to the provisions of the North Carolina Investment Advisers Act and Respondents
were also ordered to cease and desist from, in the solicitation of advisory clients,
making any untrue statements of a material fact. Also, EFR Financial Services
, LLC agreed to pay $20,000.00 in settlement of the securities investigation.
Click here to see the OrderOn November 21, 2006 , the North Carolina Secretary
of State, Securities Division issued a Temporary Order to Cease and Desist to Larry Wayne Sexton . The Temporary Order ordered Larry Wayne Sexton
offers to purchase, or selling securities in or from North Carolina, securities
in the form of investment contracts to purchase vacation units with a management
agreement and any security of any issuer unless and until such securities have been
registered pursuant to N.C.G.S. §78A-24 and unless and until Larry Wayne Sexton
becomes registered as a dealer or salesman of securities pursuant to N.C.G.S.
§78A-36. Further, Larry Wayne Sexton has been ordered to immediately
cease and desist from, in connection with the offer, sale or purchase of any security,
omitting to state material facts necessary in order to make statement made, in light
of the circumstances under which such statements were made, not misleading.
Click here to see the OrderOn November 14 , 2006, the North Carolina Secretary
of State, Securities Division issued a Temporary Order to Cease and Desist to Ronald G. Calvert . The Temporary Order ordered Ronald G. Calvert
to purchase, or selling securities in or from North Carolina, securities in the
form of investment contracts to purchase vacation units with a management agreement
and any security of any issuer unless and until such securities have been registered
pursuant to N.C.G.S. §78A-24 and unless and until Ronald G. Calvert becomes registered as a dealer or salesman of securities pursuant to N.C.G.S. §78A-36.
Further, Ronald G. Calvert has been ordered to immediately cease
and desist from, in connection with the offer, sale or purchase of any security,
Click here to see the OrderOn November 14, 2006 , the North Carolina Secretary
of State's Securities Division issued a Summary Order to Cease and Desist to Titan Composites, Inc., Bryan K. Noel, Christopher D. Hughes, Southeastern Financial
Resources, LLC and Mark Edward Patty . The Summary
Order ordered Titan Composites, Inc., Bryan K. Noel, Christopher D. Hughes,
Southeastern Financial Resources, LLC and Mark Edward Patty
to purchase, or selling securities in the form of Titan convertible subordinated
debentures and Titan common stock or selling any securities of any issuer in violation
of §§78A-24, and 78A-36 of the North Carolina Securities Act.
Click here to see the OrderOn November 8, 2006 , the North Carolina Secretary
of State's Securities Division entered into a Consent Order with Cornerstone Ministries
Investments, Inc., Cecil A Brooks and John T. Ottinger. The Consent Order ordered
is related to the unregistered sale of common stock and investments in the form
of evidence of indebtedness by CMI to N.C. residents. The Consent Order included
a written Offer of Rescission to all North Carolina investors who had invested during
the relevant period of time of this Consent Order.
Click here to see the OrderOn September 11, 2006 , the North Carolina Secretary
of State's Securities Division issued a Final Order to Cease and Desist to James
B. Wabel and Quality Life Financial, LLC . The Final
Order ordered that Wabel and Quality Life Financial, LLC
, permanently cease and desist from offering for sale, soliciting offers
to purchase, or selling any securities of any issuer in violation of §§78A-24, and
78A-36 of the North Carolina Securities Act.
Click here to see the OrderOn August 26, 2006 , the North Carolina Secretary
of State's, Securities Division entered into a Consent Order with C. Wayne Joyner
, Blue Ridge Motors, Inc. , and Blue Ridge Key Investments
LLC . The Final Order ordered that C. Wayne Joyner , Blue Ridge Motors, Inc. , and Blue Ridge Key Investments
LLC immediately cease and desist from offering for sale, soliciting
offers to purchase, or selling any securities of any issuer in violation of §§78A-24,
and 78A-36 of the North Carolina Securities Act. Further, the Respondents were ordered
to immediately cease and desist from in connection with the offer, sale or purchase
of any security, omitting to state material facts necessary in order to make statements
made, in light of the circumstances under which such statements were made, not misleading.
Click here to see the OrderOn August 22, 2006 , the North Carolina Secretary
of State's, Securities Division issued a Consent Order with Omni Advisor Group,
Inc., SI 100, L.L.C. (formerly known as LB 100, L.L.C), and Brian P. McGuane
. The Consent Orders related to the unregistered sale of viatical settlement
contracts by Omni and Si 100 to N.C. residents in 2002.
of State's, Securities Division issued a Consent Order with Kevin E. Sullivan
Click here to see the OrderOn July 31, 2006 , the North Carolina Secretary
of State's, Securities Division issued a Findings of Fact, Conclusions of Law and
Consent Order to Wachovia Capital Markets, LLC . The Consent Order
stemmed from an investigation by the Division, together with other state regulators,
into allegations of potential conflicts of interest between Wachovia's research
analysts and investment bankers. The order provisions relate to failure to supervise
employees and failure to preserve required books and records.
Click here to see the OrderOn July 20, 2006 , the North Carolina Secretary
of State's, Securities Division issued a Summary Order to Cease and Desist to Blue Ridge Biofuels, LLC, Brian Euguene Winslett, and any and all other
persons occupying the position of officer, director, agent or similar status, performing
a similar function, or otherwise controlling Blue Ridge Biofuels, LLC. . Blue Ridge Biofuels filed a notice with the Securities Division that it was making
a private offering in NC under Regulation D of the federal Securities Act of 1933.
Upon closer examination, the Division found that the company had expanded its offerings
to the Internet, which is considered the making of an offer of securities to the
general public. The Deputy Securities Administrator issued a Summary Order to the
company to stop the public offering. The case is still under review.
Click here to see the OrderOn July 7, 2006 , the North Carolina Secretary
of State's, Securities Division issued a Final Order to Cease and Desist to LifeClicks, LLC and Charis Fay Johnson . The Final
Orders superseded and replaced the Summary Order to Cease and Desist that was issued
to the respondents on February 23, 2006 (see below).
Click here to see the OrderOn June 29, 2006 , the North Carolina Secretary
of State's, Securities Division entered into a Consent Order with Brendle Shaffner
Financial Advisors, LLC . The Consent Order ordered that Brendle Shaffner
Financial Advisors, LLC immediately cease and desist from employing
an investment adviser representative without ensuring the investment adviser representative
is registered under the North Carolina Investment Advisers Act to act as an investment
adviser representative on its behalf.
Click here to see the OrderOn June 27, 2006 , the North Carolina Secretary
of State's, Securities Division entered into a Consent Order with John David
Turner . The Consent Order ordered that John David Turner immediately cease and desist from offering for sale, soliciting offers to purchase,
or selling any securities of any issuer unless and until said securities are registered
pursuant to §§78A-24 of the North Carolina Securities Act. The Respondent was also
ordered to immediately cease and desist from in connection with the offer, sale
or purchase of any security, omitting to state material facts necessary in order
to make statements made, in light of the circumstances under which such statements
were made, not misleader. Further, John David Turner agreed not
to apply for registration as an investment adviser or securities dealer in North
Carolina for 12 months following the issuance and entry of this Consent Order.
Click here to see the OrderOn May 11, 2006 , the North Carolina Secretary
of State's, Securities Division entered into a Consent Order with John Willoughby
Hearn, III . The Consent Order required John Willoughby Hearn, III
to immediately cease and desist from transacting business in this State
as an investment adviser representative on behalf of an investment adviser or an
investment adviser covered under federal law without being registered to do so.
Click here to see the OrderOn April 28, 2006 , the North Carolina Secretary
Summary Suspension of Registration to John David Turner . The Temporary
Order ordered that John David Turner immediately cease and desist
of any issuer unless and until said securities are registered pursuant to the provisions
of the North Carolina Securities Act. The Respondent was also ordered to immediately
cease and desist from in connection with the offer, sale or purchase of any security,
omitting to state material facts necessary in order to make statements made, in
light of the circumstances under which such statements were made, not misleader.
It was further ordered that John David Turner's registration as
an investment adviser is suspended.
Click here to see the OrderOn March 14, 2006 , the North Carolina Secretary
Summary Suspension of Registration to EFR Financial Services, LLC ; Roger Van Edwards, Byron Keith Falls ; Terry Norris Renegar
; and Bryan Speas Davis . The Temporary Order ordered
that the Respondents immediately cease and desist from offering for sale, soliciting
offers to purchase, or selling any securities of any issuer in violation of §§78A-8,
78A-24, and 78A-36 of the North Carolina Securities Act. Respondents were also ordered
to immediately cease and desist from transacting business in this State as an investment
adviser representative unless and until said persons become registered as investment
adviser representatives pursuant to the provision of the North Carolina Investment
Advisers Act. It was further ordered that EFR Financial Services, LLC's
registration as an investment adviser is suspended.
Click here to see the OrderOn March 13, 2006 , the North Carolina Secretary
of State's, Securities Division issued a Temporary Order to Cease and Desist to
Brendle Shaffner Financial Advisors, LLC ; and John Willoughby
Hearn, III . The Temporary Order ordered that John Willoughby Hearn,
III immediately cease and desist from transacting business in this
State as an investment adviser representative on behalf of Brendle Shaffner
Financial Advisors, LLC. Further, the Temporary Order ordered that
Brendle Shaffner Financial Advisors, LLC immediately cease and
desist from employing and investment adviser representative unless the investment
adviser representative is registered under the North Carolina Investment Advisers
Act to act as an investment adviser representative on its behalf
Click here to see the OrderOn February 23, 2006 , the North Carolina Secretary
of State's, Securities Division issued a Summary Order to Cease and Desist to LifeClicks, LLC and Charis Fay Johnson . The Summary
Order ordered LifeClicks, LLC and Charis Fay Johnson to immediately cease and desist from offering for sale, soliciting offers to purchase,
or selling any securities until they are duly registered.
Click here to see the OrderOn January 25, 2006 , the North Carolina Secretary
of State's, Securities Division entered into a Consent Order with Strategic
Planning Corporation and Richard Michael Flanders The Consent Order required the Respondents to immediately cease and desist all investment
adviser activities until duly registered.
Click here to see the OrderOn December 5, 2005 , the North Carolina Secretary
of State's, Securities Division entered into a Consent Order with Carolina Capital
Consulting, Inc. and Brian H. Fenn . The Consent Order
ordered superseded and replaced a Summary Order to Suspend Registration as to the
Click here to see the OrderOn November 18, 2005 , the North Carolina Secretary
of State's, Securities Division issued a Final Order to Cease and Desist to Paul
Hopkins . The Final Order ordered that Paul Hopkins permanently cease
securities of any issuer in violation of §§78A-24, and 78A-36 of the North Carolina
Click here to see the OrderOn November 14, 2005 , the North Carolina Secretary
of State's, Securities Division entered into a Consent Order with Scott Harold
Albertson, Sr. The Consent Order ordered that Scott Harold Albertson,
Sr., immediately cease and desist from offering for sale, soliciting
78A-24, and 78A-36 of the North Carolina Securities Act.
Click here to see the OrderOn October 28, 2005 , the North Carolina Secretary
of State's, Securities Division issued a Final Order to Cease and Desist to Ronnie
Ward and Shelva Ward . The Final Order ordered that Ronnie Ward and
Shelva Ward permanently cease and desist from offering for sale, soliciting offers
78A-36 of the North Carolina Securities Act. Click on an individual name to see
Shelva WardOn October 11, 2005 , the North Carolina Secretary
of State's, Securities Division issued a Final Order to Cease and Desist to Joel
Teague . The Final Order ordered that Joel Teague permanently cease
Click here to see the OrderOn September 22, 2005 , the North Carolina Secretary
of State's, Securities Division issued a Final Order to Cease and Desist to Hugh
Thacker . The Final Order ordered that Hugh Thacker permanently cease
Click here to see the OrderOn August 29, 2005 , the North Carolina Secretary
of State's, Securities Division issued a Final Order to Cease and Desist to Mobile
Billboards of America, Inc. The Final Order ordered that Mobile Billboards of America,
Inc., permanently cease and desist from offering for sale, soliciting offers to
purchase, or selling any securities of any issuer in violation of §§78A-24, and
Click here to see the OrderOn May 6, 2008 , Senior United States District
Judge W. Earl Britt sentenced five defendants in the Mobile Billboards scheme. MICHAEL A. LOMAS , age unknown, of Pasadena, California, received 240
months’ imprisonment with 3 years supervised release; SCOTT B. HOLLENBECK
, 53, of Orlando, Florida received 168 months’ imprisonment with 3 years
supervised release following his term of confinement; LAURINDA HOLOHAN , 63, of Concord, Ohio, received 76 months’ imprisonment with 3 years supervised
release; SUSAN KNIGHT , 48, of Eastlake, Ohio, received 30 months’
imprisonment with 2 years supervised release; and ARTHUR J. ANDERSON, JR.
, 49, of Raleigh, North Carolina, received 60 months’ imprisonment with
3 years supervised release. Investigation of the case was conducted by the United
States Postal Inspection Service, the Federal Bureau of Investigation, and the North
Carolina Department of the Secretary of State, Securities Division.On February 6, 2008 , a jury in Raleigh, North
Carolina convicted SCOTT B. HOLLENBECK ,
53, of Orlando, Florida and LAURINDA HOLOHAN , 63, of Concord, Ohio of conspiracy and 12 of 14 counts charging mail fraud. BARRY C. MALONEY , 65, of Bethesda, Maryland
was acquitted on all counts. Three others had been charged and previously pled guilty
in this case, United States v. Lomas et al., 5:07-CR-117-BR: MICHAEL A. LOMAS , age unknown, of Pasadena, California; SUSAN KNIGHT , 48, of Eastlake, Ohio; and ARTHUR
J. ANDERSON, JR. , 49, of Raleigh, North Carolina. A seventh
defendant, MICHAEL L. YOUNG , 61, is a fugitive
from justice and is believed to be residing in the United Arab Emirates. Investigation
of the case, which is ongoing, is being conducted by the United States Postal Inspection
Service, the Federal Bureau of Investigation, and the North Carolina Department
of the Secretary of State, Securities Division.
To read the full press release, click hereOn May 29, 2007 , the U.S. Attorney for the Eastern
District of North Carolina announced an eighteen-count Indictment charging seven
individuals nationwide with what the Indictment alleges was "an extensive scheme
to defraud individuals seeking financially secure retirements out of approximately
seventy million dollars." The Indictment alleges that the seven defendants participated
in a scheme to sell purported investments in "Mobile Billboards of America, Inc."
Investigation of the case was conducted by the Federal Bureau of Investigation and
the North Carolina Department of the Secretary of State, Securities Division.
To read the full press release, click here.On September 16, 2005 , the North Carolina Secretary
of State's, Securities Division issued a Final Order to Cease and Desist to James
Matthew Bondurant, Stephen Keith Gilley, Timothy Lee Bradshaw and Alternative Financial
Concepts, LLC . The Final Order ordered that the above permanently cease
Danny R. Baxley
William Eric IsphordingOn September 8, 2005 , the North Carolina Secretary
of State's, Securities Division issued a Final Order to Cease and Desist to Stan
Warm . The Final Order ordered that Stan Warm permanently cease and
desist from offering for sale, soliciting offers to purchase, or selling any securities
of any issuer in violation of §§78A-24, and 78A-36 of the North Carolina Securities
Click here to see the OrderOn, September 7, 2005 the North Carolina Secretary
of State's, Securities Division issued a Final Order to Cease and Desist to: Click
on individual name to see the order
Stephen W. Bradshaw
Clarence J. Lyon
Bryan Shepley
Benjamin E. Sumner
Kenneth D. Whitt
The Final Order ordered that the above permanently cease and desist from offering
for sale, soliciting offers to purchase, or selling any securities of any issuer
in violation of §§78A-24, and 78A-36 of the North Carolina Securities Act.On May 29, 2007 , the U.S. Attorney for the Eastern
To read the full press release, click here.On August 19, 2005 , the North Carolina Secretary
of State's, Securities Division issued a Final Order to Cease and Desist to Barrie
Lange and Gary Walker . The Final Order ordered that Barrie Lange and Gary Walker
permanently cease and desist from offering for sale, soliciting offers to
78A-36 of the North Carolina Securities Act. Click on individual name to see the
Barrie Lange
Gary WalkerOn August 19, 2005 , the North Carolina Secretary
of State's, Securities Division issued a Final Order to Cease and Desist to Daniel
S. Dark. The Final Order ordered that Daniel S. Dark permanently cease and desist
Click here to see the OrderOn August 19, 2005 , the North Carolina Secretary
of State's, Securities Division issued a Final Order to Cease and Desist to Levonda
Leamon. The Final Order ordered that Levonda Leamon permanently cease and desist
of State's, Securities Division issued a Final Order to Cease and Desist to Rebecca
Plummer. The Final Order ordered that Rebecca Plummer permanently cease and desist
Rainey. The Final Order ordered that James Rainey permanently cease and desist from
offering for sale, soliciting offers to purchase, or selling any securities of any
issuer in violation of §§78A-24, and 78A-36 of the North Carolina Securities Act.
of State's, Securities Division issued a Final Order to Cease and Desist to Gary
P. Walker. The Final Order ordered that Gary P. Walker permanently cease and desist
Click here to see the OrderOn June 15, 2005 , the North Carolina Secretary
of State's, Securities Division issued a Final Order to Cease and Desist to CHRIS
WEST of Coats, N.C. The Final Order ordered that Chris West immediately cease and
of any issuer in violation of §§78A-8, 78A-24, and 78A-36 of the North Carolina
Click here to see the OrderOn April 6, 2005 , the North Carolina Secretary
of State's, Securities Division issued a Final Order to Cease and Desist to TED
WEST of Whiteville, N.C. The Final Order ordered that Ted West immediately cease
securities of any issuer in violation of §§78A-8, 78A-24, and 78A-36 of the North
Carolina Securities Act.
Click here to see the OrderOn March 29, 2005 , In the Matter of the North
Carolina Securities Division vs. Ted West and West Insurance Agency of N.C. Inc.,
File No. 02-010-CC, the Securities Division took a voluntary dismissal against the
corporation West Insurance Agency of N.C. Inc. and on March 31, 2005 an Order to
vacate the summary cease and desist order was entered as to West Insurance Agency
of N.C. Inc.
Click here to see the OrderOn February 3, 2005 , the North Carolina Secretary
of States Securities Division issued a Summary Order To Cease And Desist to Ted
West, of Whiteville, NC and West Insurance Agency of N.C., Inc., of Angier, NC.
The Order alleged that these persons offered and sold securities in the form of
a "Payphone Sale-and-Leaseback Program" to persons in North Carolina in violation
of the laws requiring registration of securities offerings and registration of securities
Click here to see the Cease And Desist OrderOn November 10, 2004 , the North Carolina Secretary
of State’s Securities Division issued a Final Order to Cease and Desist to Joe Jones
& Associates and Joseph Lionel Jones of Rocky Mount, N.C. The Final
Order ordered that Joseph Lionel Jones immediately cease and desist from offering
in violation of §§ 78A-8, 78A-24, and 78A-36 of the North Carolina Securities Act.
On April 2, 2007 , Joe Jones pleaded guilty to
41 violations of the Securities Act and five charges of Obtaining Property by False
Pretense. He was sentenced to a minimum of 20 years and a maximum of 26.25 years
in the North Carolina Department of Corrections.On October 20, 2004 , the North Carolina Secretary
of State's, Securities Division issued a Final Order to Cease and Desist to SCOTT BRADLEY HOLLENBECK of Kernersville, N.C. The Final Order
ordered that Scott Hollenbeck immediately cease and desist from offering for sale,
soliciting offers to purchase, or selling any securities of any issuer in violation
of §§78A-8, 78A-24, and 78A-36 of the North Carolina Securities Act
Click here to see the Final Cease and Desist OrderOn September 15, 2004 and September 22, 2004 the North Carolina Department of the Secretary of
State, Securities Division issued a Temporary (Summary) Orders to Cease and Desist against 23 agents of Mobile Billboards of America,
Inc. The Orders alleged that these persons offered and sold securities in the form
of a “sale-and-leaseback program” to persons in North Carolina in violation of the
laws requiring registration of securities offerings and registration of securities
dealers. Copies of the Orders can be viewed by clicking below to see the Cease and
Desist Order against:
Arthur James Anderson, Jr.
Daniel S. Dark
William Eric Isphording
Levonda Leamon
Gary P. Walker
Shelva Ward
Kenneth D. WhittOn May 29, 2007 , the U.S. Attorney for the Eastern
To read the full press release, click hereOn April 28, 2004 , the North Carolina Secretary
of State’s, Securities Division issued a Final Order To Cease And Desist to JOEY CARL MINDER of Burlington, N.C. The Final Order ordered,
adjudged and decreed that Joey Carl Minder immediately cease and desist from offering
in violation of §§78A-8, 78A-24 and 78A-36 of the North Carolina Securities Act.
Click here to see the Cease And Desist OrderOn April 26, 2004 , the North Carolina Secretary
of State’s, Securities Division issued a Temporary (Summary) Order To Cease And
Desist to SCOTT BRADLEY HOLLENBECK of Kernersville, N.C.
The Order alleged that Scott Bradley Hollenbeck offered and sold securities in the
form of a "sale-and-leaseback program" to persons in North Carolina in violation
Click here to see the Cease And Desist OrderOn April 2, 2004 , the North Carolina Secretary
of State’s, Securities Division issued a Summary Order To Cease And Desist to Mobile Billboards of America, Inc ., James Matthew Bondurant
, Stephen Keith Gilley , Timothy Lee Bradshaw , Alternative Financial Concepts, LLC . The Order alleged that these
persons offered and sold securities in the form of a "sale-and-leaseback program"
to persons in North Carolina in violation of the laws requiring registration of
securities offerings and registration of securities dealers.
Click here to see the Cease And Desist OrderOn May 29, 2007 , the U.S. Attorney for the Eastern
To read the full press release, click here.On February 12, 2004 , the North Carolina Secretary of State’s, Securities Division issued a Summary Order To Cease And Desist to TFH, INC . and WILLIAM MARTIN McNULTY, SR. of Boone, N.C. and to JOEY CARL MINDER of Burlington, N.C. The Order alleged that these persons offered and sold securities in the form of a "loan program" to persons in North Carolina in violation of the laws requiring registration of securities offerings and registration of securities dealers.Click here to see the Cease And Desist Order