Press Releases
Administrative Orders Issued
Weekly Securities Filings
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2002 Administrative Orders Issued
(Securities)
Signed copies of Petitions for Order and Orders associated
with the following persons or entities are available in the PDF format.
Beginning June, 2002, all of the documents associated with
an order can be accessed from this page. For orders entered prior to this,
the following instructions still apply:
- Use the appropriate link below to view the Petition for Order.
- The Order (or Orders) associated with that Petition can be accessed
by using the links (red rectangles) within
the Petition
- For Orders issued on or after November 25, 1998, the Waiver associated
with an Order can be accessed by using the links (green
rectangles) within the Orders.
TAG Transport, Inc. and Robert Westly Camacho, Janesville
and Milton, WI. File No. S-02206(EX). Orders of Prohibition and Revocation
of Exemptions were issued based on allegations of fraud in the offer and
sale of an oral investment contract.
Orders Issued: December 20, 2002
Eastern Energy Corporation, William Champion, Donald Bradley
Shultz, and Mark Kroman, Bowling Green, KY. File No. S-02179(EX).
Orders of Prohibition were issued based on allegations of the offer and
sale of unregistered membership interests in oil and gas wells by unlicensed
agents.
Orders Issued: December 13, 2002
Hillbilly Oil Exploration, LLC, US Petroleum LLC, Donald Baker,
Jerry Garland, Karla K. Sutton, Paul McHugh, and Donna M. Baker,
Albany and Monticello, KY. File No. S-02111(EX). Orders of Prohibition
were issued based on allegations of offering working interests in oil
and gas wells.
Orders Issued: December 10, 2002
Jack Homer Paulsen, Harold Lee Paulsen, Chad Irving Mishleau,
Neil Irving Mishleau, and North American Resources, Inc., DePere
and Medford, WI and Independence, KS. File No. S-01063(EX). Orders of
Prohibition and Revocation of Exemptions were issued based on allegations
of the offer and sale of an investment in a fund for the purpose of developing
oil and gas leases and the violation by Paulsen of previously issued Administrative
Orders.
Orders Issued: December 10, 2002
Mid-Ohio Securities Corp., Elyria, OH. File No. S-02242(LX).
An Order of Denial of Broker-Dealer Application was issued based on the
failure to complete the application filed with the Division on February
5, 2002
Order Issued: December 10, 2002.
Vikram V. Naik, Brookfield, WI. File No. S-02150(LX).
An Order of Censure and Prohibition and Suspension of Securities Agent
License (45 days starting 12/1/02) was issued based on allegations of
forging a customer’s signature. After suspension, the Respondent’s
license will be subject to strict conditions imposed by the Division.
Orders Issued: November 27, 2002
John M. Wermuth, Elm Grove, WI. File No. S-00285(EX).
The Respondent signed an Assurance of Discontinuance on November 4, 2002,
and the Order of Prohibition previously issued on October 16, 2002, was
vacated.
Assurance of Discontinuance Issued: November 05, 2002
Platinum Investment Corp., Rochester, NY. File No. S-02216(LX).
An Order of Revocation of Broker Dealer License was issued based on failure
to respond to staff requests for information concerning an investigation
by the U.S. Securities & Exchange Commission and the suspension of
the firm’s NASD membership.
Order Issued: November 27, 2002
Hans S. Wegesser, Menomonee Falls, WI. File No. S-02151(LX).
An Order of Censure and Prohibition and Suspension (as of October 23,
2001) was issued summarily based on allegations of borrowing money from
customers and failing to provide information reasonably requested by the
staff.
Order Issued: October 22, 2002
Accelerated Benefits Corp. and Jess LaMonda, Orlando,
FL. File No. S-99170(EX). Orders of Prohibition and Revocation were issued
based on allegations of fraud in the offer and sale of unregistered investment
contract securities in the form of viatical settlements.
Orders Issued: October 22, 2002
Medlink International, Inc. Michael F. Digiacco, Dominick A.
Rossillo, Erik Ulvik, Chris Muncy, and Brent Allen, Newport Beach
and Northridge, CA. File No. S-02050(EX). Orders of Prohibition and Revocation
of Exemptions were issued based on allegations of fraud in the offer of
unregistered stock by an unlicensed agent.
Orders Issued: October 17, 2002
First Harvest (Texas), Inc., Fazil Taleon, and Sandra S. Sullivan,
Houston, TX and Mauston, WI. File No. S-00158(EX). Orders of Prohibition
were issued based on allegations of offers and sales of unregistered investment
contracts in the form of the foreign currency investments of Smartrend
Financial Consultant Limited of Macau by an unlicensed agent.
Orders Issued: October 15, 2002
William H. Trucks, Madison, WI and Chicago, IL. File
No. S-01299(EX). An Order of Prohibition and Revocation was issued based
on allegations of fraud in the offer and sale of shares of stock in Second
Chance for Life, Inc. and an evidence of indebtedness.
Order Issued: October 15, 2002
Fonefriend, Inc., CIC Productions, Inc., Gary A. Rasmussen, William
B. Krusheski, Francois Van Der Hoeven, Thomas Kelly, John D. Wimsatt,
Cary D. Arnold, and Steele Shannon, Carlsbad, Beverly Hills,
and San Francisco, CA. File No. S-01251(EX). Orders of Prohibition were
issued based on allegations of offers of unregistered stock by an unlicensed
broker-dealer and agent.
Orders Issued: October 11, 2002
Denali International Company and William T. Bradley,
La Jolla, CA and Englewood, CO. File No. S-01258(EX). Orders of Prohibition
were issued based on allegations of offers and sales of unregistered stock
by an unlicensed broker-dealer
Orders Issued: October 14, 2002
Lawrence S. Yanez and Creative Business Solutions, Inc.,
Las Vegas, NV. File No. S-02003(EX). Orders of Prohibition and Revocation
of Exemptions were issued based on allegations of fraud in the offer and
sale of unregistered stock.
Orders Issued: October 14, 2002
Blue Star Entertainment Llc, Blue Star Entertainment Unit Investment
Trust, Howard S. Flamm, Steven Chase, and Keith Weiner, Sunrise,
FL. File No. S-02069(EX). Orders of Prohibition and Revocation of Exemptions
were issued based on allegations of fraud in the offer and sale of unregistered
securities by an unlicensed agent; and making a false or misleading filing
with the Division.
Orders Issued: October 14, 2002
711.TV Incorporated, Liam Hutchinson, Brian J. Marcus, and Andre
Bishop, Ft. Lauderdale, FL, Hempstead, NY, and London, England.
File No. S-02051(EX). Orders of Prohibition and Revocation of Exemptions
were issued based on allegations of fraud in the offer of unregistered
stock by an unlicensed agent.
Orders Issued: October 8, 2002
PJR Management, Inc. and Jerry Mehring, West Bend, WI.
File No. S-02085(FX). The area franchisor for Dairy Queen/Brazier in Wisconsin,
signed an Assurance of Discontinuance based on allegations of making impermissible
and unsubstantiated earnings claims to potential franchisees.
Assurance of Discontinuance Issued: October 4, 2002
The Wolfcamp Fund, LLP, Leland Energy, Inc., Stephen M. Thompson,
Robert D. Milligan, and Michael Ross, Beverly Hills, CA. File
No. S-02100(EX). Orders of Prohibition and Revocation of Exemptions were
issued based on allegations of offering unregistered investment contracts
by an unlicensed agent.
Orders Issued: October 7, 2002
Granite Financial Group, Inc., San Diego, CA. File No.
S-02183(LX). A Summary Order of Denial of Broker-Dealer Application was
issued based on the firm’s failure to complete the application filed on
October 17, 2001.
Order Issued: October 7, 2002
Mark B. Sirianni, Schofield, WI. File No. S-00230(LX).
Findings of Fact, Conclusions of Law, Opinion and Order were issued by
default, resulting in the revocation of the Respondent’s securities agent’s
license as of October 10, 2000. The action was based on findings of sharing
in losses in the account of a securities customer without authorization
by the employing broker-dealer.
Findings Issued: September 19, 2002
Prentice Securities, Inc. and Louis M. Kornman, New
York, NY and Milwaukee, WI. File No. S-99290(LX). An Order of Censure
and Prohibition (Prentice) and an Order of Censure, Prohibition and Suspension
(Kornman; 21 days) were issued based on allegations of unsuitable recommendations,
failure to provide customers with information concerning risk, and failure
to supervise agents. Prentice was also ordered to voluntarily withdraw
the registration of its branch office in Wisconsin.
Orders Issued: September 23, 2002
Torosay Properties, Inc., Torosay Golf Company, James G. Dudgeon,
Madison, WI. File No. S-01057(EX). Consent Orders of Prohibition and Revocation
of Exemptions were issued in the public interest and for the protection
of investors. Dudgeon is currently serving a prison term for a felony
theft conviction.
Orders Issued: September 20, 2002
Keyway Operating Company, Kevin M. Key, Ron E. Logan, and William
D. Lewis, Lewisville, TX. File No. S-01234(EX). Orders of Prohibition
were issued based on allegations of offers of unregistered working interests
in an oil and gas well drilling project by an unlicensed broker-dealer
and agent.
Orders Issued: September 11, 2002
Kuhns Brothers Securities Corporation, Stamford, CT.
File No. S-02169(LX). A Summary Order of Denial of Broker-Dealer application
was issued based on the firm’s failure to complete its application filed
on September 14, 2001.
Order Issued: August 26, 2002
Shirley A. Andersen, Middleton, WI. File No. S-99150(LX).
Findings of Fact, Conclusions of Law, Opinion and Order issued after an
administrative hearing, resulting in a 120-day suspension of securities
agent license with provisions for future for-cause examination requirement,
based on unsuitable recommendations to a relative and acting as his Power
of Attorney after being notified that the Power of Attorney had been revoked.
Findings Issued: August 23, 2002
Vito R. Lomonaco, Bronx, NY. File No. S-00001(EX). A
Consent Order of Prohibition and Revocation was issued based on allegations
of offering and selling the unregistered common stock of Precious Stones
Trading Worldwide, Inc. The Order also vacates and replaces the Summary
Order of Prohibition and Revocation issued by the Division on December
21, 2001.
Order Issued: August 19, 2002
Gregory A. Anderson, Manitowoc, WI. File No. S-02002(EX).
A Consent Order of Prohibition was issued based on allegations of offers
and sales of unregistered interests by an unlicensed agent in so-called
“high-yield trading programs” of Blackwolf Holdings LLC, owned by Gerald
J. “Jay” Stock of Manitowoc, WI and Kevin W. Lynds of Wichita Falls, TX.
Order Issued: August 19, 2002
Edwards Development Corp., d/b/a Edwards Petroleum, Edwards Exploration
Corp., LLC, Spencer E. Edwards, Doug Cooper, and Coley W. Chaudoin,
Dallas, TX. File No. S-01232(EX). Orders of Prohibition were issued based
on allegations of an offer of unregistered interests in an oil and gas
well venture by an unlicensed agent.
Orders Issued: August 19, 2002
Beacon Hill Financial Corporation, Cohasset, MA. File
No. S-02157(LX). A Summary Order of Denial of Broker-Dealer application
was issued based on the firm’s failure to complete its application filed
on January 22, 2001.
Order Issued: August 13, 2002
AGC Capital Corporation, Robert S. Adams, and Joseph E. Gardner,
Woodland Hills and Thousand Oaks, CA. File No. S-99260(EX). Orders of
Prohibition were issued based on allegations of offers and sales of unregistered
stock by an unlicensed broker-dealer and agent.
Orders Issued: August 9, 2002
The Sci-Fi Megaplex, Inc. (dba The Original Sci-Fi Café & Emporium,
Inc.), Glenn K. Jackson, Raymond J. Talarico, and Gerald J. “Jay” Stock,
Ft. Lauderdale, FL and Manitowoc, WI. File No. S-00262(EX). Orders of
Prohibition and Revocation were issued based on allegations of offers
and sales of unregistered common stock by Gerald Stock off the books and
records of his employing broker-dealer, for which he was also censured
by this Order.
Orders Issued: August 6, 2002
Russo Securities, Inc., William G. Brown, and Joseph Depergola,
New York, NY and Houston, TX. File No. S-00180(LX). Orders of Prohibition
were issued based on allegations of failure to carry out an investor’s
instructions (Brown), unauthorized trading (Depergola), failure to supervise,
and failure to provide information reasonably requested by staff (Russo).
Orders Issued: August 1, 2002
Dale R. Machalleck, Racine, WI and Chicago, IL. File
No. S-00280(EX). A Consent Order of Prohibition and Revocation of Exemptions
was issued based on allegations of fraud in the offer and sale of unregistered
securities. This Order replaces the Order of Prohibition and Revocation
of Exemptions issued summarily on December 11, 2001.
Order Issued: July 30, 2002
Merrill Lynch, Pierce, Fenner & Smith, Inc., New
York, NY. File No. S-03102 (LX). An Administrative Consent Order was issued
as part of the national research analyst conflicts of interest settlements.
The firm paid a civil monetary penalty of $893,555 to the State of Wisconsin.
Order Issued: July 25, 2002
Michael J. Marshall, Burlington, WI. File No. S-01115(EX).
A Summary Order of Prohibition was issued based on allegations of offers
and sales of unregistered stock promissory notes.
Order Issued: July 22, 2002
George H. James, New York, NY. File No. S-02143(LX).
A Summary Order of Denial of Securities Agent License Application was
issued based on failure to complete the application filed February 8,
2002.
Order Issued: July 19, 2002
Inrock, Ltd., Carole A. Gavic, Charles Harlon Gavic,
Mark H. Gavic, and Kenneth Baylor, Rockford, Loves Park, and Stillman
Valley, IL. File No. S-01198(EX). Orders of Prohibition and Revocation
of Exemptions were issued based on allegations of fraud in the offer and
sale of unregistered promissory notes by an unlicensed agent.
Orders Issued: July 10, 2002
Barrie J. Rush, Port Washington, WI. File No. S-01076(LX).
A Consent Order of Censure and Prohibition was issued based on allegations
of unauthorized trading in the account of at least one person in Wisconsin
during the year 2000.
Order Issued: July 10, 2002
Bruce England, Merrimac, WI. File No. S-01161(LX). A
Consent Order of Prohibition and Censure was issued based on allegations
of signing his customers’ signatures on various documents that were used
in connection with the offer and sale of securities and signing customer
account forms as agent of record for an unlicensed securities agent.
Order Issued: July 2, 2002
Judy Koltun Jungen a/k/a Judy Jungen a/k/a Judy Koltun,
Wauwatosa, WI. File No. S-02027(EX). A Consent Order of Prohibition was
issued based on allegations of offers and sales of unregistered investment
contracts in the form of viatical settlement contracts by an unlicensed
agent.
Order Issued: July 1, 2002
New Millennium Management, Inc., Wendell S. Gates, Jr.,
Peter J. Zaccagnino III, and Bernard Peterson, Longwood, FL, Kissimmee,
FL and Garnavillo, IA. File No. S-02084 (EX). Summary Orders of Prohibition
and Revocation of Exemptions were issued based on allegations of fraud
in the offer and sale of unregistered securities in the form of offshore
bank investments by an unlicensed agent.
Orders Issued: June 27, 2002
John W. Huette, Sugar Grove, IL. File No. S-02098(EX).
A Consent Order of Prohibition was issued based on allegations of offers
and sales of unregistered investment contracts in the form of pay telephone
leases of Phoenix Telecom LLC by an unlicensed securities agent to at
least 88 persons in Wisconsin.
Order Issued: June 24, 2002
James T. O’Connor, Blue Bell, PA. File No. S-01037(EX).
A Consent Order of Prohibition was issued based on allegations of offers
and sales of unregistered securities in the form of viatical settlement
investment contracts by an unlicensed agent.
Order Issued: June 21, 2002
International Funding Association and John S. Weston,
Phoenix, AZ; Nassau, Bahamas; and Marathon, FL. File No. S-02078(EX).
Summary Orders of Prohibition were issued based on allegations of fraud
in the offer and sale of unregistered securities.
Orders Issued: June 21, 2002
Charles R. Kearns, Steven J. Reimer, Thomas J. Krueger, Brian
G. Sumption, and Gary E. Zinck, Lebanon, OR; Brush Prairie, WA;
Madison, Richland Center, and Lone Rock, WI. File No. S-00120(EX). Summary
Orders of Prohibition against Kearns and Reimer and Summary Orders of
Prohibition and Censure against Krueger, Sumption and Zinck were issued
based on allegations of offers and sales of approximately $3.5 million
of unregistered notes to 143 persons in Wisconsin by unlicensed agents
during 1996 and 1997.
Orders Issued: June 21, 2002
William L. Boettcher, Walworth, WI. File No. S-00120(LX).
Findings of Fact, Conclusions of Law, Opinion and Order issued after an
administrative hearing resulting in a 45-day suspension of securities
agent license with provisions for future supervision, based on a May 2001
revocation of insurance agent license.
Top Rank Business Associates, Inc. and Israel Fagbemi,
Toronto, Ontario and Las Vegas, NV. File No. S-02077(EX). Summary Orders
of Prohibition were issued based on allegations of offering unregistered
securities.
Orders Issued: June 5, 2002
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Peter C. Hansen, Jr. (PDF: 91 KB/ 2 pages)
Orders Issued: May 24, 2002
Peter C. Hansen, Jr., Milwaukee, WI. File No. S-98253(EX). A Summary
Order of Prohibition was issued based on allegations of offering and
selling unregistered investment contracts in the form of agreements
in a partnership to trade in securities by an unlicensed broker-dealer.
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John R. Gilling (PDF: 115 KB/ 3 pages)
Orders Issued: May 24, 2002
John R. Gilling, Brookfield, WI and Ft. Lauderdale, FL. File No. S-99308(LX).
A Consent Order of Censure, Suspension, Prohibition and Revocation (of
registration exemptions) was issued based on allegations of fraud in
the offer and sale of unregistered promissory notes totaling over $2
million in face value to at least 50 people in Wisconsin.
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Roger A. Mathison (PDF: 52 KB/ 2 pages)
Orders Issued: May 24, 2002
Roger A. Mathison, Chippewa Falls, WI. File No. S-01058(EX). A Summary
Order of Prohibition was issued based on allegations of offers and sales
of unregistered securities in the form of viatical settlement contracts
by an unlicensed agent.
Respondent has asked for a hearing in the matter. The order
is still in effect pending resolution of the hearing.
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The Gaming Factory, Inc. (PDF: 94 KB/
2 pages)
Orders Issued: May 24, 2002
The Gaming Factory, Inc., Richard Onorato, Shanon T. Diem, James W.
“Jim” Grant, and Bill Wollman, West Palm Beach, FL. File No. S-01278EX).
Summary Orders of Prohibition and Revocation were issued based on allegations
of offers and sales of unregistered securities by an unlicensed broker-dealer.
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Health Maintenance Centers, Inc. (PDF:
126 KB/ 2 pages)
Orders Issued: May 13, 2002 and May 17, 2002
Health Maintenance Centers, Inc. and Kevin L. Lawrence, Kevin James
McCarthy, and Thomas J. Krueger Bainbridge Island and Bothell, WA, and
Madison, WI. File No. S-01210(EX): Summary Orders of Prohibition (of
further anti-fraud violations) were issued against Health Maintenance
Centers, Inc. and Lawrence, and Orders of Prohibition and Revocation
were issued against McCarthy and Krueger, based on allegations of fraud
in the offers and sales of unregistered stock and promissory notes.
Although Krueger was a Wisconsin-licensed securities agent at the time
of some of the sales, he was not licensed as an agent for the Respondents.
He was therefore also censured for transacting securities business off
the books and records and without the permission of his employing broker-dealer.
The firm and Lawrence were previously the subjects of Summary Orders
of Prohibition and Revocation on January 16, 2002.
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Offshore Marketing Alliance (PDF: 70 KB/
2 pages)
Orders Issued: May 14, 2002
Offshore Marketing Alliance and Warren English, Province of Ontario
and Point Claire, Quebec. File No. S-01071(EX). Summary Orders of Prohibition
and Revocation were issued based on allegations of the offer and sale
of unregistered investment contracts in the form of interests in a high
yield investment program.
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Mountain Energy Corporation (PDF: 86 KB/
2 pages)
Orders Issued: May 14, 2002
Mountain Energy Corporation, Michael L.Eichenberg, and Hank Ross, Kansas
City, MO. File No. S-00200(EX). Summary Orders of Prohibition were issued
based on allegations of the offer of unregistered investment contracts
in the form of units of interest in a Natural Gas Sales and Buyback
Program by an unlicensed securities agent.
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Zeu Vang (PDF: 107 KB/ 2 pages)
Orders Issued: May 14, 2002
Zeu Vang aka Hmongxer Varh, Oshkosh and Milwaukee, WI. File No. S-01027(EX).
A Consent Order of Prohibition and Revocation was issued based on allegations
of offers and sales of unregistered investment contracts in the form
of investments in stocks in a partnership named Koomsiab by an unlicensed
broker-dealer.
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Scott D. Fish (PDF: 125 KB/ 2 pages)
Orders Issued: April 19, 2002
Scott D. Fish, Verona, WI. File No. S-02041(EX). A Summary Order of
Prohibition and Revocation was issued based on allegations of fraud
in the offer and sale of securities.
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International Securities Corporation (PDF:
46 KB/ 1 page)
Orders Issued: April 17, 2002
International Securities Corporation, New York, NY. File No. S-02070(LX).
A Summary Order of Denial of Broker-Dealer Application was issued based
on the firm’s failure to complete the application filed on June 19,
2000.
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HLH Securities, Inc. (PDF: 45 KB/ 1 page)
Orders Issued: April 17, 2002
HLH Securities, Inc., Newport Coast, CO. File No. S-02071(LX). A Summary
Order of Denial of Broker-Dealer Application was issued based on the
firm’s failure to complete the application filed on July 23, 2001.
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CostaGold.com. (PDF: 86 KB/ 2 pages)
Orders Issued: April 11, 2002
CostaGold.com and Lawton Coonts, Roseau, Commonweath of Dominica, West
Indies and Brookfield, WI. File No. S-01222(EX). Summary Orders of Prohibition
and Revocation were issued based on allegations of offers and sales
of unregistered securities.
All Respondents have asked for a hearing in the matter. The order
is still in effect pending resolution of the hearing
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Phoenix Exploration LLC (PDF: 56 KB/ 1
page)
Orders Issued: April 5, 2002
Phoenix Exploration LLC, Sherman Haycraft, and Taylor L. Brannon, Garland,
TX. File No. S-01281(EX). Summary Orders of Prohibition were issued
based on allegations of the offer of unregistered securities in the
form of working interests in oil and gas wells.
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Vanteq Securities Inc (PDF: 58 KB/ 2 pages)
Orders Issued: April 4, 2002
Vanteq Securities Inc., Stamford, CT. File No. S-02054(LX). A Summary
Order of Denial of Broker-Dealer Application was issued based on the
firm’s failure to complete the application originally filed on February
14, 2001
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Rural Banc, Corp. (PDF: 78 KB/ 2 pages)
Orders Issued: April 4, 2002
Rural Banc, Corp. and Jerry Brovold, Eau Claire and Fall River, WI.
File No. S-01304(EX). Summary Orders of Prohibition and Revocation were
issued based on allegations of fraud in the offer and sale of unregistered
securities in the form of bonds.
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Pinpoint Petroleum, LLC (PDF: 114 KB/
2 pages)
Orders Issued: April 1, 2002
Pinpoint Petroleum, LLC, Michael J. Lores Sr., Dan Volf, And Bradley
Joseph Byram, Roswell, GA and Hallandale Beach, FL 33009. File No. S-01298(EX).
Orders of Prohibition were issued based on allegations of offers of
unregistered securities by unlicensed agents.
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Basin Oil & Gas Corporation (PDF: 79 KB/
2 pages)
Orders Issued: April 1, 2002
Basin Oil & Gas Corporation, Thomas R. Watkins, Thomas Belding, and
Kirk Turner, Lexington, KY. File No. S-01125(EX). Summary Orders of
Prohibition and Revocation were issued based on allegations of fraud
in the offer of unregistered securities.
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Intercontinental Travel Services, Inc.
(PDF: 68 KB/ 2 pages)
Orders Issued: March 26, 2002
Intercontinental Travel Services, Inc., Mark A. Thomas, and Todd W.
Hanson, Minneapolis, MN, Apple Valley, MN, and Charlotte, NC. File No.
S-01265(EX). Consent Orders of Prohibition were issued based on allegations
of offers and sales of unregistered securities by an unlicensed agent
to at least 11 persons in Wisconsin.
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C & R Marketing (PDF: 88 KB/ 2 pages)
Orders Issued: March 25, 2002
C & R Marketing, Robert D. Lanning, and Robyn I. Sachs a/k/a Robyn I.
Millman a/k/a Robin I. Sachs a/k/a Robin I. Millman, Lantana and Pompano
Beach, FL. File No. S-01273(EX). Consent Orders of Prohibition and Revocation
were issued based on allegations of fraud in the offer of unregistered
securities by an unlicensed agent and broker-dealer.
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Blackwolf Holdings, LLC (PDF: 94 KB/ 2
pages)
Orders Issued: March 11, 2002
Blackwolf Holdings, LLC, Gerald J. “Jay” Stock, and Kevin W. Lynds,
Manitowoc, WI and Wichita Falls, TX. File No. S-02002(EX). Summary Orders
of Prohibition and Revocation were issued based on allegations of offers
and sales of unregistered securities in the form of so-called “high-yield
trading programs.
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Clare O. Carpenter (PDF: 954 KB/ 12 pages)
Orders Issued: February 28, 2002
Clare O. Carpenter, Rochester Hills, MI. File No. S-00272(EX). Findings
of Fact, Conclusions of Law, Opinion and Order was issued as the result
of an administrative hearing. A Summary Order of Prohibition had been
issued on December 7, 2000, due to the Respondent’s refusal to provide
information reasonably requested by the staff. That Order was subsequently
vacated on January 26, 2001, but remained in effect from December 7,
2000, until January 4, 2001, when the information was provided. The
Respondent asked that both Orders be expunged and removed from his otherwise
clean NASD record. The Hearing Officer affirmed the time period of effectiveness
of the Order of Prohibition, and it will remain as a reportable disclosure
on the agent’s record.
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Anthony C. Fricano (PDF: 49 KB/ 1 page)
Orders Issued: March 6, 2002
Anthony C. Fricano, Brookfield, WI. File No. S-99138(LX). A Consent
Order of Prohibition and Censure was issued based on allegations of
the offer and sale of unregistered securities off the books and records
and without the authorization of his employing broker-dealer.
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Lorraine H. Geiss (PDF: 93 KB/ 2 pages)
Orders Issued: February 27, 2002
Lorraine H. Geiss, Union Grove, WI. File No. S-01210(EX). A Consent
Order of Prohibition and Censure was issued, based on allegations of
the offer and sale of unregistered securities without the permission
of and off the books and records of her employing broker-dealer.
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Shamrock Partners Ltd. (PDF: 99 KB/ 2
pages)
Orders Issued: February 27, 2002
Shamrock Partners Ltd., Media, PA. File No. S-02030(LX). A Summary Order
of Denial of Broker-Dealer Application was issued based on unlicensed
broker-dealer activity subsequent to the previous Summary Order of Prohibition
and Denial of Broker-Dealer Application issued March 29, 1996, failure
to supervise agents, failing to provide information reasonably requested
by division, and NASD suspension for failure to comply with an arbitration
award.
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Oasis Club (PDF: 70 KB/ 2 pages)
Orders Issued: February 27, 2002
Oasis Club, Vilnius, Lithuania. File No. S-01244(EX). A Summary Order
of Prohibition and Revocation was issued based on allegations of the
offer and sale of unregistered securities. The Respondent has previously
operated under the name of The Oxford Savings Club, Manumit Unlimited,
and/or Total Return on Investment.
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E.A.S., Inc. (PDF: 86 KB/ 2 pages)
Orders Issued: February 27, 2002
E.A.S., Inc., John Nichols, and Mike Carr, Fullerton, CA and Las Vegas,
NV. File No. S-01230(EX). Summary Orders of Prohibition and Revocation
were issued based on allegations of the offer and sale of unregistered
securities by an unlicensed agent.
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Resource Development International, LLC
(PDF: 94 KB/ 2 pages)
Orders Issued: February 27, 2002
Resource Development International, LLC and David E. Edwards, Las Vegas,
NV and Tacoma, WA. File No. S-02002(EX). Summary Orders of Prohibition
and Revocation were issued based on allegations of the offer and sale
of unregistered securities.
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Maven Capital Corporation (PDF: 70 KB/
2 pages)
Orders Issued: February 27, 2002
Maven Capital Corporation and Rodd Buckle, Nashville, TN. File No. S-99080(EX).
Summary Orders of Prohibition and Revocation were issued based on allegations
of the offer and sale of unregistered securities.
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International Floral Network, Inc. (PDF:
127 KB/ 2 pages)
Orders Issued: February 15, 2002
International Floral Network, Inc., Gina Quah Hansen, Wayne Keith Hansen,
Donald Cuming, and Al Hague a/k/a Bill Wilson, Vancouver, BC, Canada.
File No. S-01183(EX). Summary Orders of Prohibition and Revocation were
issued, based on allegations of the offer and sale of unregistered securities
by unlicensed agents
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Montego Bay, Ltd. (PDF: 167 KB/ 3 pages)
Orders Issued: February 15, 2002
Montego Bay, Ltd., Kenneth M. Bauer, James D. Heim, and Timothy M. Nispel,
Charlestown, Nevis, West Indies; Superior, Spooner, and Cameron, WI.
File No. S-01061(EX). Summary Orders of Prohibition and Revocation were
issued, based on allegations of the offer and sale of unregistered securities
by unlicensed agents.
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Position Trading.Net LLC (PDF: 95 KB/
2 pages)
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