2005 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.
Curtis R. Edmark. File No. S-05221(EX). Consent Order
of Prohibition for acting as an unlicensed securities agent and for selling
unregistered securities in the form of viatical settlement contracts on
behalf of Beneficial Assurance, Ltd.
Order issued: December 23, 2005
Ronald D. Johnson. File No. S-05201(EX). Summary Order
of Prohibition for acting as an unlicensed securities agent selling unregistered
securities in the form of viatical settlement contracts on behalf of Beneficial
Assurance, Ltd..
Order issued: December 23, 2005
Michael Forbes and Pioneer Advertising Agency. File
No. S-05067(EX). Summary Orders of Prohibition and Revocation for the
offer and sale of unregistered securities in the form of an opportunity
to invest in a direct response national advertising campaign by Pioneer
Advertising Agency.
Order issued: December 23, 2005
Donna M. Vogt. File No. S-03083(EX). Notice of Hearing
and Prehearing Conference concerning possible revocation of respondent’s
license for making unsuitable securities recommendations to clients, for
unethical business practices, harassment of clients, filing a misleading
statement with the Division, and other actions.
Order issued: December 23, 2005
Robert R. Wilkos. File No. S-05225(LX).Summary Order
of Denial of Securities Agent License for failure to complete application.
Order issued: December 02, 2005
David A. Olson. File No. S-01058(EX). Summary Order
of Prohibition for the offer and sale of unregistered securities, in the
form of Mutual Benefits viatical settlement contracts, by an unlicensed
agent.
Order issued: December 02, 2005
Virgil H. Hentz and Global Escience Corp. File No. S-04026(EX).
Summary order of Prohibition for the sale of unregistered securities in
the form of common stock.
Order issued: December 02, 2005
Network Services Depot Inc dba Net Depot Inc, Bikini Vending
Corp, Charles V. Castro, and Edward Bevilacqua. File No. S-05187(EX).
Summary Orders of Prohibition and Revocation for the offer and sale of
unregistered securities in the form of internet kiosk sales agreements,
by unlicensed agents.
Order issued: November 23, 2005
Critters Dreams LLC, Li'l Mouse Playhouse, Inc and Mark R. Anderson.
File No. S-04187(EX). Summary Order Vacating Previous Order. The Summary
Order previously issued was vacated as of July 18, 2005.
Order issued: November 23, 2005
Joseph F. Pavela. File No. S-05146(EX). Summary Order
of Prohibition for the offer and sale of unregistered securities, in the
form of Mutual Benefits viatical settlement contracts, by an unlicensed
agent.
Order issued: November 04, 2005
American Energy Resources Corp, H & M Petroleum, Inc., Don
Allen, and Robert E. Bangs. File No. S-05194(EX). Summary Orders
of Prohibition and Revocation for the sale of unregistered securities,
in the form of working interests in oil and gas wells, by an unlicensed
agent.
Order issued: November 04, 2005
Ronald M. Breight. File No. S-05066(EX). Consent Order
of Prohibition, Revocation, and Censure for the sale of unregistered securities,
in the form of Mutual Benefits viatical settlements, off the books and
records of his broker-dealer while employed by the broker-dealer, and
taking unfair advantage of his customers by advising them to buy unregistered
securities.
Order issued: October 26, 2005
Nexidis LLC, Global Financial Solutions LLC, Simon Juhlin, Jared
Schneider, and Jason Jensen. File No. S-05007(EX). Summary and
Consent Orders of Prohibition for the offer and sale of unregistered securities,
in the form of interests in a program where the investor allowed the issuer
to use their credit as collateral to purchase properties, by unlicensed
agents.
Order issued: October 26, 2005
Roger A Mathison. File No. S-01058(EX). Consent Order
of Prohibition and Revocation for the sale of unregistered securities,
in the form of Mutual Benefits viatical settlements, by an unlicensed
agent all in violation of a previously issued order. This Order replaces
the Order issued on May 24, 2002
Order issued: October 26, 2005
Donald W. Kiley. File No. S-05143(EX). Summary Order
of Prohibition and Censure for the sale of unregistered securities, in
the form of Mutual Benefits viatical settlements, off the books and records
of his employing broker-dealer.
Order issued: October 26, 2005
Gigapix Studios, Inc, Christopher J. Blauvelt, John Savage, and
Steven Wilson. File No. S-05012(EX). Summary Orders of Prohibition
for the sale of unregistered securities, in the form of stock, by unlicensed
agents.
Order issued: October 26, 2005
Michelle Bruete-Holte. File No. S-05124(EX). Summary
Order of Prohibition for acting as an unlicensed investment advisor.
Order issued: October 26, 2005
Jeremiah J. Brod. File No. S-05179(EX). Summary Order
of Prohibition and Revocation for acting as an unlicensed investment advisor.
Order issued: October 26, 2005
Ross Kamat. File No. S-05093(EX). Summary Order of Prohibition
and Revocation for fraud in the offer and sale of unregistered securities,
in the form of working interests in an oil and gas well operated by Prairie
Resources, by an unlicensed agent.
Order issued: October 24, 2005
Guy A. Neau. File No. S-05175(EX). Consent Order of
Prohibition for the offer and sale of unregistered securities, in the
form of PCO, Inc.. viatical settlement contracts, by an unlicensed agent.
Order issued: October 24, 2005
Neil S. Moderson. File No. S-05155(EX). Consent Order
of Prohibition and Censure for the offer and sale of unregistered securities,
in the form of Resort Holdings International Universal Leasehold Interests,
off the books and records of his employing broker dealer.
Order issued: October 24, 2005
Richard L. Troyer. File No. S-05158(EX). Consent Order
of Prohibition and Censure for the offer and sale of unregistered securities,
in the form of Resort Holdings International Universal Leasehold Interests,
off the books and records of his employing broker dealer.
Order issued: October 24, 2005
Young Oil Corp., Anthony L. Young, and Tareq R Al-Abassi.
File No. S-04201(EX). Consent and Summary Orders of Prohibition and Revocation
for sales of unregistered securities, in the form of partnership units,
by unlicensed agents.
Order issued: October 06, 2005
Waddell & Reed, Inc. Consent Order of Prohibition
entered into jointly with the Office of the Commissioner of Insurance
based on unsuitable recommendations in the offer and sale of variable
annuities. This was part of a nationwide settlement against the firm.
Order issued: August 2005
American Data Solutions, Inc., American Data Sales, Inc., William
R. Kennedy, Leon Joe, Mike Seymour, Alfred Cohen, Lee Banks, Dennis Rogers.
File No. S-04191(EX). Consent and Summary Orders of Prohibition and Revocation
for the offer and sale of unregistered securities, in the form of Cashless
ATM machines, by unlicensed agents, and for employing unlicensed agents.
Order issued: October 06, 2005
Jeffrey J. Kain. File No. S-05159(EX). Consent Order
of Prohibition for the offer and sale of unregistered securities, in the
form of Resort Holdings International Universal Leasehold Interests, by
an unlicensed agent.
Order issued: October 06, 2005
Anderson-Drake, Inc. and James R. Young aka Jay Young.
File No. S-04093(EX). Consent Order of Prohibition and Revocation for
the sale of unregistered securities, in the form of joint venture interest
in an oil & gas well drilling venture, by unlicensed agents and for
fraud. Replaces Summary Order issued against these Respondents on November
18, 2004.
Order issued: October 06, 2005
Invest Sure Corp. File No. S-05186(EX). Consent Order
–Ends previous suspension order issued against firm for failure
to provide requested records and failure to maintain records; imposes
conditions on license going forward.
Order issued: October 13, 2005
Roger Denton Martin and Rogermartin.biz. File No. S-03248(EX).
Summary Orders of Prohibition and Revocation for the offer and sale of
unregistered securities in the form of investment contract securities.
Order issued: October 6, 2005
Empire Business Solutions and James P Duncan. File No.
S-05166(EX). Summary Orders of Prohibition and Revocation for the offer
and sale of unregistered securities, in the form of shares of Empire,
by unlicensed agents.
Order issued: October 6, 2005
Michael W. Hetzel. File No. S-05157(EX). Summary Order
of Prohibition for the offer and sale of unregistered securities, in the
form of Resort Holdings International Universal Leasehold Interests, by
an unlicensed agent.
Order issued: October 6, 2005
Carolyn A. Petroske. File No. S-05147(EX). Consent Order
of Prohibition for the offer and sale of unregistered securities, in the
form of Mutual Benefits Corp. viatical settlement contracts, by an unlicensed
agent.
Order issued: October 6, 2005
Fred Petroske. File No. S-05148(EX). Consent Order of
Prohibition and Censure for the offer and sale of unregistered securities,
in the form of Mutual Benefits Corp. viatical settlement contracts, by
a securities agent off the books and records of his employing broker-dealer.
Order issued: October 6, 2005
Gerald W. Bradford. File No. S-05176(EX). Consent Order
of Prohibition for the offer and sale of unregistered securities, in the
form of PCO, Inc.. viatical settlement contracts, by an unlicensed agent
Order issued: October 6, 2005
Trent N. Tinder. File No. S-05156(EX). Summary Order
of Prohibition and Censure for the offer and sale of unregistered securities,
in the form of Resort Holdings International Universal Leasehold Interests,
off the books and records of his employing broker dealer.
Order issued: October 6, 2005
Financial Freedom USA Network, Susan Dowe, and Patricia A. Cadwallader
aka Ann Davis. File No. S-05089(EX). Summary Orders of Prohibition
and Revocation for the sale of unregistered securities, in the form of
interests in an internet web site business, by unlicensed agents.
Order issued: September 23, 2005
James E. Sundelius. File No. S-05154(EX). Consent Order
of Prohibition and Censure for the sale of unregistered investment contract
securities, in the form of Resort Holdings International Universal Lease,
off the books and records of his employing broker-dealer.
Order issued: September 23, 2005
John J. Zaczek. File No. S-05153(EX). Consent Order
of Prohibition and Censure for the sale of unregistered investment contract
securities, in the form of Resort Holdings International Universal Lease,
off the books and records of his employing broker-dealer.
Order issued: September 23, 2005
David G. Schilling. File No. S-05120(EX). Consent Order
of Prohibition for the sale of unregistered investment contract securities,
in the form of Mutual Benefits Viaticals.
Order issued: September 23, 2005
L. Peter Freisinger. File No. S-05141(EX). Consent Order
of Prohibition for the sale of unregistered investment contract securities,
in the form of Mutual Benefits Viaticals, by an unlicensed agent.
Order issued: September 23, 2005
Paula J. Steinke. File No. S-05150(EX). Summary Order
of Prohibition for the sale of unregistered investment contract securities,
in the form of Mutual Benefits Viaticals, by an unlicensed agent.
Order issued: September 23, 2005
Mary E. Moe. File No. S-05144(EX). Consent Order of
Prohibition for the sale of unregistered investment contract securities,
in the form of Mutual Benefits Viaticals, by an unlicensed agent.
Order issued: September 23, 2005
Morgan Stanley DW Inc. File No. S-05073(EX). Consent
Order of Assessment for failing to timely respond to a request from the
staff for information.
Order issued: September 09, 2005
Premier Online Solution LLC a/k/a Premier Online Solutions, Ron
Jones, and Joe Caba. File No. S-05069(EX). Orders of Prohibition
and Revocation for sales by unlicensed agents of unregistered securities
in the form of interests in internet web business investment contracts.
Order issued: September 06, 2005
Robert E. Nick. File No. S-05145(EX). Order of Prohibition
for sale by an unlicensed agent of unregistered securities in the form
of viatical settlement contracts.
Order issued: September 06, 2005
Millionaire Web Club Inc., Marvin Q. Wilson, and Peter Ballato.
File No. S-05068(EX). Orders of Prohibition and Revocation for sale of
unregistered securities in the form of interests in internet web business
investment contracts.
Order issued: September 06, 2005
Jeffery J. Kain and Peter D. Krzyzaniak. File No. S-03068(EX).
Orders of Prohibition and Revocation for sales by unlicensed agents of
unregistered securities in the form of hotel rental lease interest investment
contracts.
Order issued: September 06, 2005
Cano Energy Corp, Steven Jefferey Johnson a/k/a S. Jeff Johnson
a/k/a Jeff Johnson, and William Paul Hudson. File No. S-03268(EX).
Orders of Prohibition and Revocation for sales by unlicensed agents of
unregistered securities in the form of oil & gas well venture interests
investment contracts, fraud in the offer and sale for failure to disclose
preexisting order against Hudson.
Order issued: September 06, 2005
Young Oil Corporation, Anthony L. Young and Tareq R. Al-Abassi.
File No. S-04201(EX). Orders of Prohibition and Revocation for hiring
unlicensed agent to sell unregistered securities, the improper and untimely
filing of Form D, failure to disclosed required information, and general
solicitation. Summary order of prohibition and revocation for selling
unregistered securities and being unlicensed, improper and untimely filing
of Form D, failure to disclosed required information, and general solicitation
Order issued: September 05, 2005
Government Property Advisors, Inc.; Pacific Tax Properties, LLC;
Pacific Matured Tax Lien Fund, LLC; Mark R. Tow, and Richard C. Nuthmann.
File No. S-02112(EX). Offers and Sales of unregistered stock by unlicensed
agents.
Order issued: August 16, 2005
Dawn Guimond & Mari Lynn Stassi. File No. S-05016(EX).
Offers and sales by an unlicensed broker-dealer. Guimond purchased stock
for resale to other individuals at a price higher than what she paid for
the stock.
Order issued: August 16, 2005
Robert W. Christian Sr. & Robert W. Christian, Jr.
File No. S-03049(EX). Order revoking order issued against Robert W. Christian
Jr. on February 11, 2004 and replacing it with an order against Robert
W. Christian, Sr. for the sale of unregistered securities by unlicensed
agents.
Order issued: August 18, 2005
Ampak Oil Co & Mohammed G. Khan. File No. S-04042(EX).
Consent Order of Prohibition & Revocation revoking order previously
issued on May 5, 2005 for sales of unregistered securities by unlicensed
agents.
Order issued: August 03, 2005
Gulftex Operating Inc., Mason #1-H Joint Venture, Timothy P.
Burroughs, David York, Sherri K. Cecotti, Theodore Jahns, and Derek S.
Wallets, Dallas, TX. File No. S-04151(EX). Summary Order Revoking
Previous Orders based on information obtained by the staff after issuing
previous orders on February 4, 2005.
Order issued: July 28, 2005
Richard C. Heinert. File No. S-03277(EX). Consent Order
of Prohibition and Revocation of Previous Order, replaces previously issued
Summary Order of Prohibition and Revocation with this order for sales
of unregistered securities, in the form of viatical settlement contracts,
by an unlicensed agent.
Order issued: July 28, 2005
Quigley Petroleum LLC, Darren E. Quigley, Katherina S. Quigley,
and Brian Gause, File No. S-04067(EX). Summary Order of Prohibition
and Revocation for the offer of unregistered securities, in the form of
joint venture oil & gas investment contracts, by an unlicensed agent
to persons in Wisconsin.
Order issued: July 27, 2005
Tri-Crescent Energy Corp, William J. Hill, and Danny R. Branson,
File No. S-041071(EX). Summary Order of Prohibition and Revocation
for the offer of unregistered securities, in the form of undivided fractional
interest in oil & gas well, by an unlicensed agent to persons in Wisconsin.
Order issued: July 27, 2005
Thomas R. Anderson, Sr., File No. S-05033(EX). Consent
Order of Prohibition and Revocation based on fraud in the offer and sale
of securities to persons in Wisconsin.
Order issued: July 27, 2005
Steven G. Ross, File No. S-04271(EX). Consent Order
of Prohibition and Revocation for sales of unregistered securities in
the form of internet kiosks and filing a document with the Division that
contained a false or misleading statement.
Order issued: July 06, 2005
Resource Alliance Group LLC and Leon J. Wessels,
File No. S-04001(EX). Consent Order of Prohibition for sales
of unregistered securities in the form of viatical settlement contracts
by an unlicensed broker-dealer and agent.
Order issued: July 06, 2005
Francis Anthony Toscano, File No.
S-03245(EX). Order Revoking Previous Order.
Order issued: June 17, 2005
Richard C. Heinert. File No. S-03277(EX). Summary Order
of Prohibition for acting as an unlicensed agent for Mutual Benefits Corporation
and selling unregistered securities in the form of their viatical settlements.
Order has been revoked (see Order issued: July 28, 2005)
Order issued: June 15, 2005
Eratz Investments, Inc & Samuel H. Roden. File
No. S-04056(EX). Summary Order of Prohibition for offering unregistered
securities.
Order issued: June 15, 2005
Ronald G. Richer. File No. S-05104(LX). Summary Order
denying securities agent license for failure to complete application.
Order issued: June 13, 2005
L.H. Ross & Company, Inc. File No. S-05103(LX).
Summary Order of Revocation of Broker Dealer License as a result of their
being expelled form the NASD.
Order issued: June 06, 2005
John R. Wiemeri. File No. S-05057(EX). Order of Prohibition
based on sales of Mutual Benefits Corp viaticals during 2003.
Order issued: May 25, 2005
Viatical Concepts Inc, Vinvent Mistretta, James R. Millard.
File No. S-02042(EX). Order of Prohibition for sales of unregistered securities
by an unlicensed agent and for using an unlicensed agent.
Order issued: May 17, 2005
Daniel G. Mullen. File No. S-05088(EX). Order of Denial
of Securities Agent License for failure to provide information to complete
license application.
Order issued: May 17, 2005
Thomas Weisel Partners LLC. File No. S-05027(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 $82,655 to the State of Wisconsin.
Order was issued April 18, 2005.
Ned B. Majors and Tax Lien Agents, INC. File No. S-03228(EX).
Orders of Prohibition based on offers and sales of unregistered securities.
The orders also revoke and replace those issued against the Respondents
on April 7, 2005
Order issued: May 17, 2005
Reef Partners LLC, Reef Securities Inc., Reef-Broussard Infield
Development Joint Venture #1, Reef Partners 2003-A Income Fund Joint Venture,
Michael J. Mauceli and Robert H. Stanley. File No. S-04052(EX).
Order Revoking Previous Order based on later acquired evidence and an
Undertaking by the respondents.
Order issued: April 27, 2005
Fidelity Financial, INC. d/b/a Legendary Entertainment, Dwayne
R. Corbitt, and Douglas M Warr. File No. S-03037(EX). Orders
of Prohibition and Revocation for the sale of unregistered securities
by unlicensed agents
Order issued: May 05, 2005
Global Net Financial LLC, Monte Carlo Players, LLP, Michael A.
Ditursi a/k/a Michael D. Tursi and Elaine Flores. File No. S-04027(EX).
Orders of Prohibition and Revocation for the sale of unregistered securities
by unlicensed agents.
Order issued: May 05, 2005
Ampack Oil Co, Jeff Ackermann, and Mohammed Gulnawaz Kkan.
File No. S-04042(EX). Orders of Prohibition and Revocation for the sale
of unregistered securities by unlicensed agents. A hearing has been requested
and a Notice of Hearing has been issued
Order issued: May 05, 2005
Merril Lynch Pierce Fenner & Smith Inc. File No
S-04280(LX) ). Consent Order of Censure and Assessment for failure to
supply, in a timely fashion, information requested by the staff.
Order issued: April 22, 2005
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