Securities Administrative Orders Issued
Signed copies of Petitions for Order and Orders associated with the following persons or entities are available in the PDF format.
3E Tennessee, Inc. and Jason W. Towe - Case No. S-235298(EX) – A Consent Cease and Desist Order was issued against Jason W Towe and 3E Tennessee Inc. for two violations of Wis. Stats § 551.501(2) by omitting material facts prior to a Wisconsin resident investing more than $50,000 in a security offered by the Respondents. The Respondents are ordered to cease and desist from offering or selling unregistered securities or those not qualified as federal covered securities. All state law exemptions from registration are revoked and Respondents are prohibited from violating Wis. Stat. Ch. 551 in the future.
Order issued September 16, 2016
Lucky Taco, Inc. and Timothy P. McQuiston - File No. S-233500(EX) - A Summary Order to Cease and Desist was issued to the Respondents for violation of Wis. Stats. § 551.501(2) by omitting to state material facts necessary in order to make the statements made, in the light of the circumstances under which they are made, not misleading, in the offer and sale of securities.
Order issued September 8, 2016
The Investment Counsel LLC and Brandon M. Adkins - File No. S-233356(LX) - A Summary Order Restricting and Suspending Investment Adviser and Investment Adviser Representative Registrations, Imposing Cease and Desist, and Revoking Registration Exemptions and Notice of Proposed Order to Revoke Investment Adviser and Investment Adviser Representative Registrations, and Impose Civil Penalties, Restitution, Interest and Cost was issued against The Investment Counsel LLC and Brandon M Adkins for violation of numerous Wis. Stat. ch. 551 violations as a result of conduct involving engaging in dishonest or unethical practices in securities and improperly borrowing $30,000 from an elderly client.
Order issued September 2, 2016
Maxine Gehrt - Case No. S-233148(EX) – An Order of Permanent Bar was issued for violation of Wis. Stats. § 551.412(4)(m). Maxine Gehrt is hereby permanently barred from becoming registered as an agent of a broker-dealer under Wis. State. Ch. 551 as the result of her misconduct in aiding Jean Walsh Josephson in misappropriating at least $300,000 in client funds, and her willful failure to comply with Thrivent’s notification policy concerning Josephson’s acceptance of cash from clients.
Order issued August 30, 2016
Premier Funding & Investments LLC and David J Lambert - Case No. S-230624 (EX) – A Cease and Desist Order was issued against Premier Funding & Investments, LLC and David J Lambert for violation of Wis. Stats. § 551.41(2) by omitting to state material facts necessary in order to make the statements made, in the light of the circumstances under which they are made, not misleading.
Order issued March 24, 2016
- Premier Funding & Investments LLC and David J Lambert, Notice
- Premier Funding & Investments LLC and David J Lambert, Order
Dine In 2Nite North America, Inc., Dine In 2Nite North America, LLC and Leo Kats - Case No. S-233571 (FX) – A Summary Order of Prohibition was issued against Dine In 2Nite North America, Inc., Dine In 2Nite North America, LLC and Leo Kats for violation of Wis. Stat. §553.21 by selling a franchise in Wisconsin without registering under Wis. Stat. Ch. 553 or being exempted under Wis. Stat. § § 553.23, 553.235 or 553.25 and violation of Wis. Stat. §553.41(5) for willfully representing to prospective franchisees that the franchise was registered in Wisconsin when that was not the case.
March 15, 2016.
Pivotpoint Advisors, LLC and John M. Norquay - Case No. S-228781 (EX) – Following the issuance of a Summary Order on June 3, 2015, the Respondents petitioned for a hearing to void or modify the Summary Order. The Respondents subsequently agreed to the issuance of a Consent Order as final resolution. Respondents consented to an Order for violations of Wis. Stat. §551.301 for selling an unregistered promissory note and of Wis. Stat. §551.501(2) for omitting to state material facts necessary in order to make the statements, in light of the circumstances under which they were made, not misleading. The Respondents also violated various sections of the Wisconsin Administrative Code as it applies to registered investment advisors. Respondents are suspended for 30 calendar days, and shall pay restitution of $2,521.61.
Order was issued on January 14, 2016 and supersedes a prior Summary Order issued on June 3, 2015.
- Pivotpoint Advisors, LLC and John M. Norquay, Waiver
- Pivotpoint Advisors, LLC and John M. Norquay, Order