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Securities

From: 1/1/2000   To: 12/31/2006


EMMANUEL KAVEKOS Lic# UP0206277
Against: Unlicensed Person Location: WEST PALM BEACH, FL
Action: Order for Hrg/Statement of Charges   
Signed: 1/15/2000
File # SE 9905924 LMD
Allegation:
Resp effected unauthorized transactions in customer account, failed to make suitable recommendations, failed to comply with SEC rules for low priced securities, failed to respond to Dept requests for information, engaged in fraud/dishonest practices.
 
BAXTER BANKS SMITH LTD Lic# 5053
Against: Location: ,
Action: Order for Hrg/Statement of Charges   
Signed: 1/15/2000
File # SE 9905924 LMD
Allegation:
Resp failed to supervise an agent to assure compliance with chapter 80A, and failed to comply with requests for information from the Department.
 
FFP SECURITIES INC Lic# 2795
Against: Location: ,
FIRST FINANCIAL PLANNERS INC Lic# UC0207150
Against: Unlicensed Company Location: CHESTERFIELD, MO
FFP ADVISORY SVCS INC. Lic# 803
Against: Location: ,
Action: Cease & Desist/Consent   
Signed: 1/18/2000
File # SE 9901561 DPK
Allegation:
Resp failed to reasonably supervise their agents or investment advisor representatives and engaged in dishonest or unethical practices.
 
VU YANG Lic# UP0206164
Against: Unlicensed Person Location: , MN
VIXAJ YANG Lic# UP0206165
Against: Unlicensed Person Location: , MN
WANTRE YANG Lic# UP0206163
Against: Unlicensed Person Location: , MN
TENG YANG Lic# UP0206162
Against: Unlicensed Person Location: , MN
KIA YANG Lic# UP0206159
Against: Unlicensed Person Location: , MN
MAO YANG Lic# UP0206166
Against: Unlicensed Person Location: , MN
KWV TIJ HMONG XIENG KHOUANG CREDIT UNION("KWV") Lic# UC0206156
Against: Unlicensed Company Location: MINNEAPOLIS, MN
Action: Cease & Desist/Hearing   
Signed: 1/24/2000
File # SE 9907845 SGC
Allegation:
Respondents have been operating an unlicensed credit union.
 
POPULAR LINK Lic# UC0206195
Against: Unlicensed Company Location: SUGAR LAND, TX
JEFF CHENG Lic# UP0206203
Against: Unlicensed Person Location: SUGAR LAND, TX
Action: Cease & Desist/Hearing   
Signed: 1/31/2000
File # SE 9904588 DPK
Allegation:
Resp offered/sold unregistered and non-exempt securities to MN residents over the internet.
 
THO LE Lic# SA0209180
Against: Security Agent Location: BURNSVILLE, MN
Action: Other/Consent   
Signed: 1/31/2000
File # SE 9907237 LMD
Allegation:
Resp pleaded guilty to felony theft thereby subjecting his securities agent lic to administrative sanction. License is surrendered and terminated effective the date of this order. Shall not re-apply for an securities agent lic for minimum of one year
 
FISN, INC. Lic# UC0208972
Against: Unlicensed Company Location: WASHINGTON, DC
Action: Cease & Desist/Consent   
Signed: 1/31/2000 $1000 Fine
File # SE 9908495 DPK
Allegation:
Resp engaged in unlicensed broker dealer activity in MN.
 
FRANKLIN GROUP LLC Lic# UC0203124
Against: Unlicensed Company Location: MONMOUTH BEACH, NJ
FRANK RUBBA Lic# UP0203126
Against: Unlicensed Person Location: MONMOUTH BEACH, NJ
Action: Cease & Desist/Consent   
Signed: 2/14/2000
File # SE 9908385 SGC
Allegation:
Resp offered/sold unregistered securities to MN residents. Resp engaged in unlicensed securities broker-dealer activity in MN.
 
MOLONEY SECURITIES CO INC Lic# 5478
Against: Location: ,
Action: Cease & Desist/Consent   
Signed: 2/16/2000
File # SE 2000769 DPK
Allegation:
Resp filed a false or misleading application for broker-dealer licensure and engaged in unlicensed broker-dealer activity in MN.
 
PAMELA LENT Lic# SA0214138
Against: Security Agent Location: MORRIS, MN
Action: Suspension/Consent    Begin: 2/28/2000 End: 3/3/2000
Signed: 2/29/2000
File # SE 9805251 LMD
Allegation:
Resp recommended unsuitable investments for clients; failed to provide financial planning disclosure documents to clients; omitted material facts regarding risk level of investments; failed to maintain high standards of commercial honor.
 
FSC SECURITIES Lic# 2283
Against: Location: ,
Action: Censure/Consent   
Signed: 3/5/2000 $5000 Fine
File # SE 9805251 LMD
Allegation:
Resp failed to properly supervise its agent to assure that suitable recommendations were made for client accounts.
 
SENIOR EDUCATION COUNSEL Lic# UC0216245
Against: Unlicensed Company Location: BEVERLY HILLS, CA
MARK DIAMOND Lic# UP0216246
Against: Unlicensed Person Location: LITTLETON, CO
Action: Other   
Signed: 3/14/2000
File # SE 2001073 DPK
Allegation:
Assurance of Discontinuance entered into with Attorney General's Office. Resp made misrepresentations in the offer and sale of its financial planning/retirement services in its advertising and during seminars.
 
EPCOM LTD Lic# UC0217092
Against: Unlicensed Company Location: BURNSVILLE, MN
ELDON ANDERSON Lic# UP0217093
Against: Unlicensed Person Location: BURNSVILLE, MN
Action: Cease & Desist/Consent   
Signed: 3/23/2000
File # SE 9908429 LMD
Allegation:
Resp offered/sold shares of common stock in EPCOM, LTD which were no registered or exempt from registration requirements. Resp not licensed to sell securities or exempt from licensing requirements.
 
CAPITAL WEST INVESTMENTS Lic# UC0217845
Against: Unlicensed Company Location: LA MESA, CA
DAVE MONTANA Lic# UP0217846
Against: Unlicensed Person Location: , MN
Action: Cease & Desist/Consent   
Signed: 4/3/2000
File # SE 2000801 SGC
Allegation:
Resp made misrepresentations of material fact to MN resident suggesting that US Bank backed or guaranteed Resp's securities offerings when in fact US Bank was merely functioning in the administrative role of trustee/paying agent.
 
JEFFREY HALLING Lic# UP0156747
Against: Unlicensed Person Location: RED WING, MN
Action: Revocation/Consent    Begin: 10/31/1998 End: Indefinite
Signed: 4/8/2000
File # SE 9806947 SGC
Allegation:
Resp plead guilty to theft by swindle in Hennepin County District Court and was sentenced on 12/3/1999.
 
SARA PECK Lic# UP0218828
Against: Unlicensed Person Location: MIAMI, FL
TWIN POWER AND ELECTRIC OF SAN FRANCISCO/OAKLAND L.L.P. Lic# UC0218824
Against: Unlicensed Company Location: DENVER, CO
TWENTY FIRST CENTURY POWER, INC. Lic# UC0208628
Against: Unlicensed Company Location: , MN
Action: Cease & Desist/Consent   
Signed: 4/8/2000
File # SE 9907513 SGC
Allegation:
Resps offered and sold unregistered securities in the form of limited partnership interests in Twin Power and Electric of San Francisco/Oakland LLP to at least on MN resident.
 
BAXTER BANKS SMITH LTD Lic# 5053
Against: Location: ,
Action: Revocation/Hearing    Begin: 4/17/2000 End: Indefinite
Signed: 4/17/2000 $4000 Fine
File # SE 9905924 LMD
Allegation:
Resp committed significant violations by failing to properly supervise its agent and refusing to comply with requests for information and documents from the Department.
 
EMMANUEL KAVEKOS Lic# UP0206277
Against: Unlicensed Person Location: WEST PALM BEACH, FL
Action: Revocation/Hearing    Begin: 4/17/2000 End: Indefinite
Signed: 4/17/2000 $10000 Fine
File # SE 9905924 LMD
Allegation:
Resp has committed five separate violations of statutes and rules related to the duties and responsibilities.
 
LEE TRADE, INC. Lic# UC0223385
Against: Unlicensed Company Location: ST PAUL, MN
LON LEE Lic# UP0223390
Against: Unlicensed Person Location: ST PAUL, MN
HOUSTON LEE Lic# UP0223392
Against: Unlicensed Person Location: MINNEAPOLIS, MN
AMANDA THAO Lic# UP0223393
Against: Unlicensed Person Location: ST. PAUL, MN
Action: Cease & Desist/Consent   
Signed: 5/2/2000
File # SE 2001263 DPK
Allegation:
Respondents engaged in fraudulent activity by representing that they were licensed and offering unregistered securities for sale in MN; engaged in unlicensed activity by soliciting investments in their company.
 
YOHANES HARTANTO Lic# UP0223351
Against: Unlicensed Person Location: MINNEAPOLIS, MN
Action: Cease & Desist/Hearing   
Signed: 5/2/2000
File # SE 9908320 DPK
Allegation:
Resp engaged in fraudulent activity by misrepresenting material facts in the offer and/or sale of securities.
 
JOIE DE VIE VENTURES, INC. Lic# UC0224782
Against: Unlicensed Company Location: ST. ANDREW, NA
Action: Cease & Desist/Consent   
Signed: 5/16/2000
File # SE 2002723 SGC
Allegation:
Resp offered/sold unregistered securites in the form of deposit agreement investment contracts MN residents.
 
PHILIP KOIVISTO Lic# UP0224783
Against: Unlicensed Person Location: ST. CLOUD, MN
Action: Cease & Desist/Consent   
Signed: 5/16/2000
File # SE 2002723 SGC
Allegation:
Resp offered/sold unregistered securites in the form of deposit agreement investment contracts MN residents. Resp was not licensed or exempt from licensing requirements.
 
MICHAEL STONE Lic# UP0224277
Against: Unlicensed Person Location: ARDEN HILLS, MN
Action: Suspension/Consent    Begin: 10/27/1999 End:
Signed: 5/16/2000
File # SE 9907891 SGC
Allegation:
Allege Resp affixed a customer's signature to a margin agreement without customer's permission. NASD suspended license for two years. MN suspension for a minimum of two years until further order of the Commissioner.
 
JOHN ZIMMERMAN Lic# UP0227448
Against: Unlicensed Person Location: CANNON FALLS, MN
Action: Cease & Desist/Hearing   
Signed: 5/31/2000
File # SE 2004118 DPK
Allegation:
Resp provided misleading information in soliciting members in a gifting scheme. Memberships constitute securities under MN laws, but were neither registered or exempt. Resp not licensed to sell securities or exempt.
 
SCOTT ROEPKE Lic# UP0228492
Against: Unlicensed Person Location: PRIOR LAKE, MN
ANDIAMO CONSULTING Lic# UC0228493
Against: Unlicensed Company Location: PRIOR LAKE, MN
Action: Cease & Desist/Consent   
Signed: 6/6/2000
File # SE 2000897 LMD
Allegation:
Resp engaged in unlicensed securities broker-dealer activity in MN, engaged in the offer or sale of unregistered securities in the form of investment contracts to residents of MN, made untrue or misleading statements to investors.
 
FIRST SECURITIES USA INC Lic# 4677
Against: Location: ,
Action: Order for Hrg/Statement of Charges   
Signed: 6/9/2000
File # SE 9807938 LMD
Allegation:
Allege Resp failed to properly supervise their agents to assure compliance with securities laws and rules, and allowed a branch office to act as a broker-dealer without being licensed as such.
 
GLOBAL INSURANCE COMPANY, LTD Lic# UC0231082
Against: Unlicensed Company Location: SAN JOSE, NA
Action: Cease & Desist/Hearing   
Signed: 6/29/2000
File # SE 9906883 DPK
Allegation:
Resp is not licensed as an insurance company, but guaranteed payment of unregistered securities in the form of promissory notes and failed to honor the guarantee.
 
WORLD VISION ENTERTAINMENT, INC. Lic# UC0231085
Against: Unlicensed Company Location: ALTAMONTE SPRINGS, FL
Action: Cease & Desist/Hearing   
Signed: 6/29/2000
File # SE 9906883 DPK
Allegation:
Resp used unlicensed security agents in the offer and sale of unregistered securities in the form of promissory notes.
 
FRANK FUNARO Lic# UP0231076
Against: Unlicensed Person Location: MANKATO, MN
Action: Cease & Desist/Hearing   
Signed: 6/29/2000
File # SE 9906883 DPK
Allegation:
Resp engaged in unlicensed securities agent activity in the offer and sale of unregistered securities in the form of promissory notes.
 
JEREMY WAKNITZ Lic# UP0231077
Against: Unlicensed Person Location: WABASSO, MN
Action: Cease & Desist/Hearing   
Signed: 6/29/2000
File # SE 9906883 DPK
Allegation:
Resp engaged in unlicensed securities agent activity in the offer and sale of unregistered securities in the form of promissory notes.
 
CRAIG BROWN Lic# UP0232079
Against: Unlicensed Person Location: NORTH MANKATO, MN
CRAIG BROWN Lic# IN0087150
Against: Insurance Agent Location: NORTH MANKATO, MN
Action: Cease & Desist/Consent   
Signed: 7/5/2000
File # SE 9807804 DPK
Allegation:
Allege resp holds a conditional insurance license and acted as an unlicensed securities agent in the offer and sale of unregistered promissory notes.
 
TAORMINA OMNE SRL Lic# UC0233379
d/b/a OMNE SRL
Against: Unlicensed Company Location: ROME, IT
NEW ENGLAND INTERNATIONAL SURETY INC Lic# UC0233414
Against: Unlicensed Company Location: SWITZERLAND, SW
AGUDA FINANCIAL SERVICES Lic# UC0233454
Against: Unlicensed Company Location: NEW ORLEANS, LA
Action: Cease & Desist/Hearing   
Signed: 7/13/2000
File # SE 9807804 DPK
Allegation:
Allege resp engaged in unlicensed securities agent or broker dealer activity in the offer & sale of unregistered securities in the form of promissory notes.
 
RICHARD SCHWARTZ Lic# UP0239321
Against: Unlicensed Person Location: ST PAUL PARK, MN
MARK NIGHTENGALE Lic# UP0239316
Against: Unlicensed Person Location: INVER GROVE HEIGHTS, MN
Action: Injunctive Relief   
Signed: 8/9/2000
File # SE 2006390 DPK
Allegation:
Allege Respondents engaged in a gifting pyramid scheme involving unregistered securites, material misrepresentations and deceptive trade practices. Resp not licensed to sell securities in MN or exempt from licensure.
 
IGOR KRISHTUL Lic# UP0188378
Against: Unlicensed Person Location: , MN
Action: Revocation/Hearing    Begin: 9/20/2000 End: Indefinite
Signed: 9/20/2000 $4000 Fine
File # SE 9903806 SGC
Allegation:
Resp, a licensed securities agent and officer of Technosoft, failed to respond to ORS and disclose affiliation on CRD.
 
ALLEN ANDRESCU Lic# UP0198445
Against: Unlicensed Person Location: MERRICK, NY
Action: Revocation/Hearing    Begin: 10/2/2000 End: Indefinite
Signed: 10/2/2000 $10000 Fine
File # SE 9904266 SGC
Allegation:
Allege resp sold unregistered stock in NNPD to a MN resident through an unlicensed entity called Renaissance Cap. Mngmt; was unlicensed at the time of sale; failed to disclose outside activities on the CRD; failed to disclose natl facts to investors.
 
UFIT INC Lic# UC0245412
Against: Unlicensed Company Location: MINNEAPOLIS, MN
ADAM ORECK Lic# UP0245416
Against: Unlicensed Person Location: MINNEAPOLIS, MN
Action: Cease & Desist/Consent   
Signed: 10/4/2000 $1500 Fine
File # SE 2005475 DPK
Allegation:
Resp engaged in unlicensed activity by offering & selling unregistered securities in the form of stock & promissory notes.
 
J GIBBONS Lic# 38850
Against: Location: ,
IOSIF (AKA JOSEPH) PAK Lic# UP0246273
Against: Unlicensed Person Location: SUFFERN, NY
Action: Other/Hearing   
Signed: 10/11/2000
File # SE 2004612 DPK
Allegation:
Allege resp failed to respond to Department request for information; engaged in dishonest or fraudulent practices; failed to observe high standards of commercial honor.
 
FREDERICK HOWARD Lic# UP0244203
Against: Unlicensed Person Location: DULUTH, GA
NEW VISION FINANCIAL LLC Lic# UC0244202
Against: Unlicensed Company Location: DULUTH, GA
VISION SOUTH RLLP Lic# UC0244201
Against: Unlicensed Company Location: DULUTH, GA
Action: Cease & Desist/Consent   
Signed: 10/17/2000
File # SE 2005764 SGC
Allegation:
Allege resp offer/sale of unregistered securities (partnership interest in Vision South, RLLP) by managing partner New Vision Financial and Frederick A. Howard.
 
GREENGROVE CORPORATION Lic# UC0247741
Against: Unlicensed Company Location: BROOKLYN PARK, MN
WILLIAM MEADE Lic# UP0247744
Against: Unlicensed Person Location: BROOKLYN PARK, MN
Action: Cease & Desist/Consent   
Signed: 10/27/2000
File # SE 2004466 LMD
Allegation:
Allege resp offered or sold unregistered securities in the form of promissory notes through omissions of material fact in the offer or sale of those notes.
 
IGOR KRISHTUL Lic# UP0188378
Against: Unlicensed Person Location: , MN
Action: Order Vacated   
Signed: 10/27/2000
File # SE 9903806 SGC
Allegation:
The Dept found that resp was never licensed as a securities agent in MN and therefore is vacating the previously issued revocation order.
 
WALTER FALK Lic# UP0249699
Against: Unlicensed Person Location: MINNETONKA, MN
FARM DIRECT, INC Lic# UC0249702
Against: Unlicensed Company Location: MINNETONKA, MN
Action: Cease & Desist/Consent   
Signed: 11/8/2000
File # SE 2004571 DPK
Allegation:
Allege resp engaged in fraudulent activity by offering investments that were unregistered and converting money to his own use.
 
MERCET GROUP Lic# UC0251051
Against: Unlicensed Company Location: DENVER, CO
Action: Cease & Desist/Consent   
Signed: 11/16/2000
File # SE 2006452 DPK
Allegation:
Allege resp. engaged in unlicensed broker dealer activity in the offer and sale of unregistered securities in the form of over the counter foreign security options.
 
PAUL ALLEN Lic# UP0251124
Against: Unlicensed Person Location: MANHATTAN BEACH, MN
Action: Cease & Desist/Hearing   
Signed: 11/17/2000
File # SE 2004568 SGC
Allegation:
Allege resp. sold unregistered securities (notes) without a securities license; misreprested corperate statuts and failed to apply proceeds.
 
FIRST WATCH INVESTMENT ADVISORS Lic# 2146
Against: Location: ,
Action: Other/Hearing   
Signed: 12/8/2000
File # SE 2008710 DPK
Allegation:
Allege Resp. has failed to meet requirements for investment advisor licensure and has requested a hearing in the interium, licence has been denied.
 
JEFFREY BUCK Lic# UP0253477
Against: Unlicensed Person Location: APPLE VALLEY, MN
JEFFREY BUCK Lic# 2290116
Against: Location: ,
Action: Suspension/Consent Begin: 11/20/2000    End: 2/17/2001
Signed: 12/8/2000
File # SE 2009078 SGC
Allegation:
Allege Resp securities agent Buck sold 4 unregistered securities in 1997 to Wisconsin residents without notifying supervising broker, Sunset Finansial Services, sanctioned by NASD suspension.
 
FIRST WATCH INVESTMENT ADVISORS Lic# 2146
Against: Location: ,
Action: Order Amended   
Signed: 12/19/2000
File # SE 2008710 DPK
Allegation:
Allege Resp. John Garin, has not taken appropriate tests investment adviser license to be granted. Gavin requested hearing to determine if wairer of exams be granted.
 
FIRST SECURITIES USA INC Lic# 4677
Against: Location: ,
Action: Other/Consent   
Signed: 12/21/2000 $6000 Fine
File # SE 9807938 LMD
Allegation:
Allege Resp. that FSUSA failed to reasonably supervise its agent; through its agent solicted purchases in unregistered securities and showed themselves to be untrustworthy or unqualified to act as a broker-dealer.
 
DAVID LUDOWESE Lic# UP0245912
Against: Unlicensed Person Location: ROCHESTER, MN
Action: Cease & Desist/Consent   
Signed: 1/4/2001 $500 Fine
File # SE 2001525 DPK
Allegation:
Allege Resp engaged in unauthorized trading and admitted to exercising time and price discretion.
 
MICHAEL MENDEN Lic# UP0197520
Against: Unlicensed Person Location: EDEN PRAIRIE, MN
ELFINDEPAN,S.A. Lic# UC0257812
Against: Unlicensed Company Location: , MN
Action: Cease & Desist/Consent   
Signed: 1/10/2001
File # SE 2008605 SGC
Allegation:
Allege Resp failed to disclose prior C&D in the course of selling unregistered securities to Minnesota residents without a securities license.
 
ALPHA CAPITAL GROUP LLC Lic# UC0258342
Against: Unlicensed Company Location: CARMEL, IN
ANNE DILEO Lic# UP0258346
Against: Unlicensed Person Location: CARMEL, IN
Action: Cease & Desist/Hearing   
Signed: 1/19/2001
File # SE 9807029 DPK
Allegation:
Allege Resp. through its agents engaged in unlicensed activity in the offer and sale of unregistered and non exempt securities in the form of viatical settlement contracts.
 
CHESTER TURNER Lic# UP0260867
Against: Unlicensed Person Location: ALEXANDRIA, MN
Action: Cease & Desist/Consent   
Signed: 2/8/2001
File # SE 2007673 LMD
Allegation:
Allege Resp. omitted material facts in the offer or sales of interests in the Capital Enhancement Program and other ventures, engaged in unlicensed broker-dealer activity, and omitted material facts in his response to the Commissioner.
 
STEVEN BERGHS Lic# UP0261588
Against: Unlicensed Person Location: HUDSON, WI
Action: Order Vacated   
Signed: 2/8/2001
File # SE 9502336 DPK
Allegation:
Allege Resp. original order allowed respondent to request order be vacated 3 years after signing provided no additional complaints filed.
 
EQUITRADE SECURITIES CORPORATION Lic# UC0262892
Against: Unlicensed Company Location: LAKE FOREST, CA
Action: Cease & Desist/Consent   
Signed: 2/21/2001
File # SE 2100440 SGC
Allegation:
Allege Resp. transaction of securities business prior to BD licensure.
 
EDWARD KIRRIS III Lic# UP0263891
Against: Unlicensed Person Location: RED WING, MN
PENSION AMERICA INC Lic# UC0263892
Against: Unlicensed Company Location: EDINA, MN
SELECTIVE FUTURES MANAGEMENT LLC Lic# UC0263893
Against: Unlicensed Company Location: RED WING, MN
KIDZ FIRST INTERNATIONAL Lic# UC0263894
Against: Unlicensed Company Location: EDINA, MN
Action: Cease & Desist/Consent   
Signed: 3/1/2001
File # SE 2002860 DPK
Allegation:
Allege Resp. engaged in fraudulent activity in the offer and sale of unregistered & non-exempt secutities in Kidz First International, Pension America, Selective Futures Management.
 
WESTERN INTERNATIONAL SECURITIES INC Lic# 5689
Against: Location: ,
Action: Cease & Desist/Consent   
Signed: 3/2/2001
File # SE 2008101 SGC
Allegation:
Allege Resp. transactions prior to licensure.
 
J FLEDER Lic# UP0267514
Against: Unlicensed Person Location: CARSON CITY, NV
KENNSINGTON HOLDING CORP Lic# UC0267501
Against: Unlicensed Company Location: LAS VEGAS, NV
ROGER SHERMAN Lic# UP0267512
Against: Unlicensed Person Location: LAS VEGAS, NV
Action: Cease & Desist/Hearing   
Signed: 3/26/2001
File # SE 2007078 DPK
Allegation:
Allege Resp. engaged in unlicensed activity in the offer and/or sale of unregistered securities to Minnesota residents.
 
DAYLINE COMPANY Lic# UC0267532
Against: Unlicensed Company Location: MAZEPPA, MN
ROBERT DAY Lic# UP0267534
Against: Unlicensed Person Location: MAZEPPA, MN
ECO TICO DIVE RESORT Lic# UC0267526
Against: Unlicensed Company Location: MAZEPPA, MN
ALPHA TICA BETA INC Lic# UC0267530
Against: Unlicensed Company Location: MAZEPPA, MN
DOLPHIN RENTAL COMPANY Lic# UC0267527
Against: Unlicensed Company Location: MAZEPPA, MN
Action: Cease & Desist/Consent   
Signed: 3/26/2001
File # SE 2100567 DPK
Allegation:
Allege Resp. engaged in unlicensed activity, offered and sold unregistered securites and engaged in fraudulent activity.
 
MIKRO DRI TECHNOLOGY LP Lic# UC0268170
Against: Unlicensed Company Location: WORTHINGTON, MN
JERRY OBERMOLLER Lic# UP0268181
Against: Unlicensed Person Location: WORTHINGTON, MN
Action: Cease & Desist/Consent   
Signed: 3/30/2001
File # SE 2006293 DPK
Allegation:
Allege Resp. offered and sold unregistered securities and non-exempt securities to Minnesota residents.
 
GARY NEWELL Lic# UP0268434
Against: Unlicensed Person Location: FARWELL, MN
Action: Suspension/Consent    Begin: 2/20/2001 End: 8/19/2002
Signed: 4/2/2001
File # SE 2101506 SGC
Allegation:
Allege Resp. securities agent participating in private transactions without the broker/dealer's permission.
 
PAUL ALLEN Lic# UP0251124
Against: Unlicensed Person Location: MANHATTAN BEACH, MN
J. PAULS SELECT WINERY, INC. Lic# UC0243007
Against: Unlicensed Company Location: MANHATTAN BEACH, MN
Action: Cease & Desist/Consent   
Signed: 4/10/2001
File # SE 2004568 SGC
Allegation:
Allege Resp. sale of unregistered securities by unlicensed person.
 
DALE SCHLICHTING Lic# UP0270399
Against: Unlicensed Person Location: AUSTIN, MN
Action: Cease & Desist/Consent   
Signed: 4/11/2001
File # SE 2005547 DPK
Allegation:
Allege Resp. engaged in unlicensed securities agent activity in the offer and sale of unregistered securities in the form of promissory notes.
 
DALE SCHLICHTING Lic# IN6216
Against: Insurance Agent Location: AUSTIN, MN
Action: Suspension/Consent   
Signed: 4/11/2001
File # SE 2005547 DPK
Allegation:
Allege Resp. acted in an unlicensed secuties agent capacity, offered sold unregistered securties, issued fraudulent notes to his insurance clients and omitted material facts.
 
ROBERT ALBERTSON Lic# UP0267247
Against: Unlicensed Person Location: WAYZATA, MN
Action: Cease & Desist/Consent   
Signed: 4/13/2001
File # SE 2100571 SGC
Allegation:
Allege Resp. acting individually and through corporate entities controlled by or affiliated with him, offered or sold securities without a registered or license in Minnesota.
 
JEAN PEREAT Lic# UP0265969
Against: Unlicensed Person Location: , MN
EVOLVING ENTERTAINMENT LIMITED PARTNERSHIP Lic# UC0265967
Against: Unlicensed Company Location: , MN
EVOLVING PICTURES ENTERTAINMENT, INC. Lic# UC0265965
Against: Unlicensed Company Location: HOLLYWOOD, CA
Action: Cease & Desist/Consent   
Signed: 4/25/2001
File # SE 2101336 SGC
Allegation:
Allege Resp. offered unregistered, nonexempt limited partnership interests in Evolving Entertainment Limited Partnership to at least one MN resident.
 
ELFINDEPAN,S.A. Lic# UC0257812
Against: Unlicensed Company Location: , MN
EDMUND MENDEN Lic# UP0196142
Against: Unlicensed Person Location: SHAKOPEE, MN
Action: Revocation/Consent Begin:    End: Indefinite
Signed: 5/8/2001
File # SE 2009515 SGC
Allegation:
Allege Resp. sale of unregisterd securities to Minnesota resident without notifying broker/dealer or disclosing a prior material Cease and Desist Order against related entity.
 
ROGER SHERMAN Lic# UP0267512
Against: Unlicensed Person Location: LAS VEGAS, NV
KENNSINGTON HOLDING CORP Lic# UC0267501
Against: Unlicensed Company Location: LAS VEGAS, NV
J FLEDER Lic# UP0267514
Against: Unlicensed Person Location: CARSON CITY, NV
Action: Order Vacated   
Signed: 5/22/2001
File # SE 2007078 DPK
Allegation:
Allege Resp. provided information concerning their alleged activity allowing Department to vacate original order.
 
WOLFF INVESTMENT GROUP INC Lic# 5805
Against: Location: ,
Action: Other/Consent   
Signed: 7/5/2001
File # SE 2103872 LMD
Allegation:
Allege Resp. engaged in unlicensed activity.
 
MICHAEL AWES Lic# SA0285312
Against: Security Agent Location: SUN CITY, AZ
Action: Revocation/Consent    Begin: End: Indefinite
Signed: 7/11/2001
File # SE 2005522 LMD
Allegation:
Allege Resp. engaged in dishonest or fraudulent practices in the securities business and failed to respond to request from the Commissioner.
 
OPTIONSXPRESS INC Lic# 5761
Against: Location: ,
Action: Cease & Desist/Consent   
Signed: 7/11/2001 $4800 Fine
File # SE 2103989 LMD
Allegation:
Allege Resp. effected securities transactions on behalf of MN residents while not licensed and failed to supervise their employees.
 
MICHAEL KASELNAK Lic# SA0286526
Against: Security Agent Location: ROCHESTER, MN
Action: Suspension/Consent    Begin: End:
Signed: 7/19/2001
File # SE 2105146 SGC
Allegation:
Allege Resp. sold two unregistered notes without consent of his supervising broker dealer.
 
MICHAEL KASELNAK Lic# IN1707
Against: Insurance Agent Location: ROCHESTER, MN
Action: Censure/Consent    Begin: End:
Signed: 7/19/2001
File # SE 2105146 SGC
Allegation:
Allege Resp. sold two unregistered notes without consent of his supervising broker dealer.
 
JOHN JIMENEZ Lic# IN3369
Against: Insurance Agent Location: APPLE VALLEY, MN
JOHN JIMENEZ Lic# UP0287549
Against: Unlicensed Person Location: APPLE VALLEY, MN
Action: Cease & Desist/Consent   
Signed: 7/31/2001
File # SE 2104038 DPK
Allegation:
Allege Resp. engaged in unlicensed securities agent activity in the offer and sale of unregistered securities in the form of promissory notes and viatical settlement contracts.
 
E-Z MANUFACTURING INC. Lic# UC0292662
Against: Unlicensed Company Location: YANKTON, SD
LEON HANSEN Lic# UP0292664
Against: Unlicensed Person Location: GRAND ISLAND, NE
Action: Cease & Desist/Consent   
Signed: 9/4/2001
File # SE 2105529 SGC
Allegation:
Allege Resp. E-Z Manufacturing and employee/officer Leon Hansen failed to disclose material facts to Minnesota investors when Hansen sold his E-Z stock.
 
SPA MARKETING,LLC Lic# UC0295036
Against: Unlicensed Company Location: , MN
JEFFREY RODD Lic# UP0295040
Against: Unlicensed Person Location: , MN
AMERICAN TELECOMMUNICATIONS COMPANY,INC. Lic# UC0295034
Against: Unlicensed Company Location: GRANTS PASS, OR
STRATEGIC PARTNERSHIP ALLIANCE Lic# UC0295037
Against: Unlicensed Company Location: , MN
ALPHA TEL-COM, INC. Lic# UC0295035
Against: Unlicensed Company Location: GRANTS PASS, OR
Action: Cease & Desist/Consent   
Signed: 9/21/2001
File # SE 2104531 SGC
Allegation:
Allege Resp's sold telephone investment contracts which are unregistered securities to MN residents without licensure nad without disclosing material facts of prior state C&D Order and non-licensure of insurance for the contracts.
 
MARK NOSAN Lic# SA0296019
Against: Security Agent Location: WOODBURY, MN
Action: Suspension/Consent    Begin: 9/28/2001 End: 9/28/2002
Signed: 9/28/2001
File # SE 2007675 LMD
Allegation:
Allege Resp. engaged in unlicensed broker-dealer activity, omitted material facts in the offer or sale of securities, and failed to provide a response to the Commissioner within the time specified.
 
LYNN TAIT Lic# SA0296285
Against: Security Agent Location: ALEXANDRIA, MN
Action: Revocation/Consent    Begin: 10/15/2001 End: Indefinite
Signed: 10/15/2001
File # SE 2107026 SGC
Allegation:
Resp. barred from exchange membership by New York Stock Exchange and employment by member organization action based on allegation of misappropriation of customer funds.
 
ERICH KLINE Lic# SA0296471
Against: Security Agent Location: DAYTON, MN
Action: Revocation/Consent    Begin: 10/16/2001 End: Indefinite
Signed: 10/16/2001
File # SE 2107455 LMD
Allegation:
Resp. engaged in fraudulent practices in the securities business.
 
GORDON GULLY Lic# 4020437
Against: Location: ,
Action: Cease & Desist/Consent   
Signed: 11/6/2001
File # SE 2106447 SGC
Allegation:
Resp. sold unregistered securities (telephone purchase and service contracts) to MN residents between July 17, 2000 and June 21, 2001; Resp omitted disclosure of material facts in connection with the sales.
 
J GIBBONS Lic# 38850
Against: Location: ,
IOSIF (AKA JOSEPH) PAK Lic# UP0246273
Against: Unlicensed Person Location: SUFFERN, NY
Action: Revocation/Hearing Begin: 11/15/2001    End: Indefinite
Signed: 11/15/2001 $4000 Fine
File # SE 2004612 DPK
Allegation:
Finding of fact, conclusion of law and order found violations and revoked the BD license and agent license also imposed $2000 civil penality to each.
 
BRUCE LEDUC Lic# SA0298461
Against: Security Agent Location: MINNETONKA, MN
Action: Revocation/Consent    Begin: 11/19/2001 End: Indefinite
Signed: 11/19/2001
File # SE 2107452 LMD
Allegation:
Resp. engaged in fraudulent practices in the securities business.
 
STROKE OF FORTUNE INC Lic# UC0300752
Against: Unlicensed Company Location: BURNSVILLE, MN
Action: Cease & Desist/Consent   
Signed: 11/20/2001
File # SE 2103443 DPK
Allegation:
Resp engaged in the offer and sale of unregistered securities in the form of common stock, loans and warrants.
 
FRANK FUNARO Lic# UP0231076
Against: Unlicensed Person Location: MANKATO, MN
AMERICAN TELECOMMUNICATIONS COMPANY,INC. Lic# UC0295034
Against: Unlicensed Company Location: GRANTS PASS, OR
ALPHA TEL-COM, INC. Lic# UC0295035
Against: Unlicensed Company Location: GRANTS PASS, OR
SPA MARKETING,LLC Lic# UC0295036
Against: Unlicensed Company Location: , MN
STRATEGIC PARTNERSHIP ALLIANCE Lic# UC0295037
Against: Unlicensed Company Location: , MN
Action: Cease & Desist/Consent   
Signed: 11/30/2001
File # SE 2108310 SGC
Allegation:
Resp. sold unregistered securities (telephone and service investment contracts) to MN residents in 1999 and 2000 without securities licensure.
 
DULUTH TV PARTNERS LLP Lic# UC0302868
Against: Unlicensed Company Location: NORTH PALM BEACH, FL
Action: Cease & Desist/Consent   
Signed: 12/5/2001
File # SE 2105389 DPK
Allegation:
Resp. offered and sold unregistered and non exempt partnership interests to MN residents.
 
JEFFREY BUCK Lic# UP0253477
Against: Unlicensed Person Location: APPLE VALLEY, MN
Action: Suspension/Consent    Begin: 12/12/2001 End:
Signed: 12/12/2001
File # SE 2109677 SGC
Allegation:
Resp. affilialed with NASD broker prior to paymnet of NASDR fine consent to suspension until fine is paid.
 
GARY HOLSTEN Lic# UP0308168
Against: Unlicensed Person Location: MPLS, MN
Action: Order Vacated   
Signed: 1/9/2002
File # SE 2200279 ML
Allegation:
Resp. 1988 odrer partially vacated with respect that Resp stays in compliance with MN stat. 80A.
 
JEFFREY GARGARO Lic# SA0311646
Against: Security Agent Location: EDINA, MN
Action: Revocation/Consent    Begin: End: Indefinite
Signed: 2/1/2002
File # SE 2110390 DPK
Allegation:
Resp. misappropriated funds belonging to another for his personal use.
 
TODD HANSON Lic# UP0311292
Against: Unlicensed Person Location: APPLE VALLEY, MN
Action: Cease & Desist/Consent   
Signed: 2/4/2002
File # SE 2108427 DPK
Allegation:
Resp. engaged in unlicense activity in the offer and sale unregistered and non-exempt securities of Intercontinental Travel Services, Inc.
 
INTERCONTINENTAL TRAVEL SERVICES INC Lic# UC0313432
Against: Unlicensed Company Location: EDINA, MN
Action: Cease & Desist/Consent   
Signed: 2/13/2002
File # SE 2108427 DPK
Allegation:
Resp. engaged in unlicensed activity in the offer and sale of unregistered and non-exempt securities.
 
ZNETIX INC Lic# UC0315263
Against: Unlicensed Company Location: BAINBRIDGE ISLAND, WA
HEALTH MAINTENANCE CENTERS INC Lic# UC0315258
Against: Unlicensed Company Location: BAINBRIDGE ISLAND, WA
KEVIN LAWRENCE Lic# UP0315257
Against: Unlicensed Person Location: BAINBRIDGE ISLAND, WA
Action: Cease & Desist/Hearing   
Signed: 2/27/2002
File # SE 2107492 DPK
Allegation:
Resp. engaged in fraudulent activity, acted in unlicensed capacity and sold unregistered securities.
 
AMER EXPRESS FIN ADVISORS INC Lic# 1854
Against: Location: ,
Action: Other/Consent   
Signed: 3/8/2002 $5000 Fine
File # SE 2105466 LMD
Allegation:
Resp. failed to respond in a timely manner to Dept requests concerning the amendment of the Form U-4 and failed to require that their agent file correcting amendment to his Form U-4.
 
DEDICATED RESOURCES, INC. Lic# VI0274991
Against: Viatical Settlement Location: DELRAY BEACH, FL
Action: Cease & Desist/Consent   
Signed: 3/11/2002
File # SE 2109887 DPK
Allegation:
Resp. engaged in unregistered offer and sale of viatical settlement contracts.
 
PREPAID SYSTEMS INC Lic# UC0318197
Against: Unlicensed Company Location: MANKATO, MN
Action: Cease & Desist/Consent   
Signed: 3/21/2002
File # SE 2101566 DPK
Allegation:
Resp. engaged in the offer and/or sale of unregistered and non exempt securities.
 
ETS PAYPHONES, INC. Lic# UC0323260
Against: Unlicensed Company Location: LITHIA SPRINGS, GA
Action: Cease & Desist/Consent   
Signed: 4/24/2002
File # SE 2202611 LMD
Allegation:
Resp. offered or sold unregistered securities to Minnesota residents that were not exempt from the registration requirements.
 
DOUGLAS STOLBA Lic# SA0325275
Against: Security Agent Location: PLYMOUTH, MN
Action: Revocation/Consent    Begin: End: Indefinite
Signed: 4/29/2002
File # SE 2203697 DPK
Allegation:
Resp. engaged in violations of MN securities laws.
 
STEPHEN KITTELSON Lic# SA0326320
Against: Security Agent Location: MANKATO, MN
Action: Revocation/Consent    Begin: End: Indefinite
Signed: 5/3/2002
File # SE 2202294 LMD
Allegation:
Resp. offered or sold unregistered securities and failed to observe high standards of commercial honor by selling securities away from the broker-dealer without their knowledge or consent and failed to respond to the Commissioner.
 
JAMES WAYNE Lic# UP0327364
Against: Unlicensed Person Location: , MN
HOME TOWN MARKETING SERVICES, INC. Lic# UC0327363
Against: Unlicensed Company Location: MINNEAPOLIS, MN
Action: Cease & Desist/Consent   
Signed: 5/9/2002
File # SE 2200504 SGC
Allegation:
Resp. offered unregistered securities to Minnesota residents.
 
VIATICAL CAPITAL INC Lic# UC0327809
Against: Unlicensed Company Location: SARASOTA, FL
Action: Cease & Desist/Consent   
Signed: 5/14/2002
File # SE 2008092 DPK
Allegation:
Resp. through its agents engaged in unlicensed activity in the offer and sale of unregistered & non-exempt viatical settlement partnership interests.
 
LOWESTBIDS.COM, INC. Lic# UC0329660
Against: Unlicensed Company Location: CARSON CITY, NV
Action: Cease & Desist/Consent   
Signed: 5/24/2002
File # SE 2202149 LMD
Allegation:
Resp. engaged in the unregistered and unlicensed sale of securities.
 
DRESBACH ASSOCIATES INC Lic# 1676
Against: Location: ,
Action: Cease & Desist/Consent   
Signed: 6/20/2002
File # SE 2204977 SGC
Allegation:
Resp. engaged in unlicensed activities.
 
EVENSEN DODGE INVESTMENT ADVISORS INC Lic# 2002
Against: Location: ,
Action: Cease & Desist/Consent   
Signed: 7/17/2002
File # SE 2204714 SGC
Allegation:
Resp. engaged in unlicensed investment advisory activities.
 
JERRY MORRIS Lic# UP0346385
Against: Unlicensed Person Location: ST. PAUL, MN
Action: Cease & Desist/Consent   
Signed: 9/10/2002
File # SE 2206349 LMD
Allegation:
Resp. engaged in unlicensed broker-dealer activity in violation of MN stat. 80.04 (2002).
 
JOSEPH MOUSER Lic# IN981
Against: Insurance Agent Location: NORTHFIELD, MN
Action: Suspension/Consent    Begin: 9/13/2002 End: 10/13/2002
Signed: 9/13/2002
File # SE 2109887 DPK
Allegation:
Resp. engaged in a fraudulent, deceptive or dishonest act or practice whether or not such act or practice involved the buisness of insurance by selling unregistered securities.
 
EUGENE DRONG Lic# UP0349834
Against: Unlicensed Person Location: LITTLE FALLS, MN
FAIRWAY HOLDING COMPANY, INC. Lic# UC0349832
Against: Unlicensed Company Location: , MN
Action: Cease & Desist/Consent   
Signed: 9/25/2002
File # SE 2206118 SGC
Allegation:
Resp. filed misleading representations with the Commissioner and/or made false representations in connection with sale of a security.
 
RODNEY RUSSELL Lic# UP0354655
Against: Unlicensed Person Location: , MN
PC HUT INTERNATIONAL, INC. Lic# UC0354652
Against: Unlicensed Company Location: , MN
PC HUT.COM Lic# UC0354647
Against: Unlicensed Company Location: MT. HOME, ID
MILFINANCE, INC. Lic# UC0354650
Against: Unlicensed Company Location: MT. HOME, ID
Action: Cease & Desist/Hearing   
Signed: 10/23/2002
File # SE 2205583 SGC
Allegation:
Resp. sold unregistered securities to a Minnesota resident without licensure and without disclosing material facts such as a prior Idaho Cease & Desist Order.
 
EASTDVD.COM LLC Lic# UC0355613
Against: Unlicensed Company Location: SACRAMENTO, CA
Action: Cease & Desist/Consent   
Signed: 11/5/2002
File # SE 2202906 DPK
Allegation:
Resp. engaged in unlicensed activity in the offer and sale of unregistered and non-exempt securities.
 
HARRISON SECURITIES Lic# 5713
Against: Location: ,
JAMES PECORARO Lic# SA0355421
Against: Security Agent Location: , MN
Action: Order for Hrg/Statement of Charges   
Signed: 11/7/2002
File # SE 2200747 SGC
Allegation:
Resp. engaged in unauthorized transactions for a Minnesota resident account in August through December of 2001 and failed to respond to MDOC requests for documents.
 
MERRILL LYNCH Lic# 1231
Against: Location: ,
Action: Other/Consent   
Signed: 11/25/2002 $819899 Fine
File # SE 2205819 SPB
Allegation:
Golbal settlement which was a result of New York investigation involving analysts.
 
PLATINUM INVESTMENT CORP Lic# 6112
Against: Location: ,
Action: Revocation/Consent    Begin: End: Indefinite
Signed: 11/26/2002
File # SE 2209057 DPK
Allegation:
Resp. is the subject of injunction by SEC and under suspension by the NASD.
 
MICHAEL EDGECOMB Lic# UP0359022
Against: Unlicensed Person Location: LENEXA, KS
INFORMATION BROKERAGE SYSTEMS, INC. Lic# UC0359020
Against: Unlicensed Company Location: LENEXA, KS
Action: Cease & Desist/Consent   
Signed: 12/4/2002
File # SE 2208870 LMD
Allegation:
Resp. engaged in unregistered and unlicensed activity by offering or selling certificates of deposity through material misrepresentations and graranteed ungainst risk or loss in the offer or sale of the securities.
 
COMMUNICATIONS ADVISORS,LLC Lic# UC0360115
Against: Unlicensed Company Location: , MN
Action: Cease & Desist/Consent   
Signed: 12/6/2002
File # SE 2209507 SGC
Allegation:
Resp. has offered advisory board partnership or membership investments (securities) to Minnesota residents in 2002 without registration.
 
BRADLEY AMUNDSON Lic# SA0360331
Against: Security Agent Location: MINNEAPOLIS, MN
Action: Revocation/Consent    Begin: End: Indefinite
Signed: 12/11/2002
File # SE 2207842 DPK
Allegation:
Resp engaged in unlicensed investment advisor activity through his company Net Financial Inc., Consented to Revocation of securities agent license.
 
NET FINANCIAL INC Lic# UC0360327
Against: Unlicensed Company Location: MINNEAPOLIS, MN
Action: Cease & Desist/Consent    Begin: End: Indefinite
Signed: 12/11/2002
File # SE 2207842 DPK
Allegation:
Resp. engaged in unlicense investment advisor activity.
 
DOLOMITE ENERGY, LLC Lic# UC0361477
d/b/a SEE SE2207512
Against: Unlicensed Company Location: , MN
Action: Cease & Desist/Consent   
Signed: 12/13/2002
File # SE 2207512 SGC
Allegation:
Resp. has sold working interests in oil or gas to two Minnesota residents without registration.
 
ROSEWOOD ENERGY INC Lic# UC0361641
Against: Unlicensed Company Location: LOS ANGELES, CA
JOHN RICHARDS Lic# UP0361645
Against: Unlicensed Person Location: LOS ANGELES, CA
SAM BOYD Lic# UP0361644
Against: Unlicensed Person Location: LOS ANGELES, CA
ROSEWOOD CONSULTING LLC Lic# UC0361643
Against: Unlicensed Company Location: LOS ANGELES, CA
ROSEWOOD PIPELINE CO Lic# UC0361642
Against: Unlicensed Company Location: LOS ANGELES, CA
Action: Cease & Desist/Hearing   
Signed: 12/17/2002
File # SE 2205297 DPK
Allegation:
Resp. offered and sold unregistered securities and interests in old and gas while engaging in unlicensed activity.
 
MARCOS MARTINEZ Lic# SA0361637
Against: Security Agent Location: NEW YORK, NY
Action: Order for Hrg/Statement of Charges   
Signed: 12/17/2002
File # SE 2209057 DPK
Allegation:
Resp. is subject to disciplinary action based on Securities action.
 
DAVID RICE Lic# SA0363817
Against: Security Agent Location: OWATONNA, MN
Action: Suspension/Consent    Begin: 11/27/2002 End: 12/26/2002
Signed: 12/18/2002
File # SE 2210284 SGC
Allegation:
Resp. failed to report outside business activities to supervising broker-dealer in 1997 and 1998.
 
JAMES FRACE Lic#
Against: Location: ,
Action: Order for Hrg/Statement of Charges   
Signed: 1/13/2003
File # SE 2209058 SGC
Allegation:
Resp. licensed was revoked by the NASD and broker dealer was suspended by the NASD and Consented to MN revocation on 11/26/2000.
 
HARRISON SECURITIES Lic# 5713
Against: Location: ,
JAMES PECORARO Lic# SA0355421
Against: Security Agent Location: , MN
Action: Other/Consent   
Signed: 1/30/2003
File # SE 2200747 SGC $2031.5 Investigator Costs
Allegation:
Respondents failed to timely respond to MDOC requests for information regarding allegations of unauthorized transactions in a customer account.
 
TERRY DENNY Lic# UP0370114
Against: Unlicensed Person Location: , MN
RESORT HOLDINGS INTERNATIONAL, INC. Lic# UC0360128
Against: Unlicensed Company Location: , MN
Action: Cease & Desist/Consent   
Signed: 2/12/2003
File # SE 2208328 SGC
Allegation:
Resp. offered unregistered securities and/or subdivided land without a securities or real estate license.
 
DISCOVERY CAPITAL GROUP Lic# 5925
Against: Location: ,
Action: Order for Hrg/Statement of Charges   
Signed: 2/13/2003
File # SE 2210119 LMD
Allegation:
Resp. has been enjoined from doing business as a broker-dealer, has engaged in dishonest or fraudulent practices in the securities business and has ceased to do business.
 
VINTAGE INVESTMENT CO Lic# UC0371721
Against: Unlicensed Company Location: EDINA, MN
VINTAGE GROUP Lic# UC0371718
Against: Unlicensed Company Location: EDINA, MN
SWAT VENTURES LLC Lic# UC0371525
Against: Unlicensed Company Location: EDINA, MN
VINTAGE INVESTMENT GROUP LLC Lic# UC0371490
d/b/a VINTAGE INVESTMENT GROUP
Against: Unlicensed Company Location: EDINA, MN
HEWITT FINANCIAL NETWORK LLC Lic# UC0332346
d/b/a HEWITT FINANCIAL NETWORK
Against: Unlicensed Company Location: EDINA, MN
GREGORY HEWITT Lic# UP0371486
Against: Unlicensed Person Location: EDINA, MN
Action: Cease & Desist/Consent   
Signed: 2/21/2003
File # SE 2205688 DPK
Allegation:
Respondent Hewitt through various entites engaged in unlicensed activity offered and sold unregistered and non exempt securities.
 
JAMES SWANKE Lic# SA0375602
Against: Security Agent Location: APPLE VALLEY, MN
Action: Suspension/Consent    Begin: 6/1/2002 End: 2/28/2003
Signed: 3/11/2003
File # SE 2003090 DPK
Allegation:
Respondent made unsuitable investment recommendations and failed to observe high standards of commercial honor.
 
VICTOR DAVIS JR. Lic# UP0378906
Against: Unlicensed Person Location: , MN
GLOBAL STRATEGIES Lic# UC0378903
Against: Unlicensed Company Location: , MN
Action: Cease & Desist/Hearing   
Signed: 4/1/2003
File # SE 2300699 SGC
Allegation:
Resp. sold unregistered securities (fractional interests of VT scanner FSC) to MN residents in 2002 without licensure and did not repond to the Commissioner.
 
MORTGAGE GROUP III LLC Lic# MO0246509
Against: Mortgage Originator Location: ST LOUIS PARK, MN
Action: Cease & Desist/Consent   
Signed: 4/3/2003 $10000 Fine
File # SE 2202129 LMD
Allegation:
Resp. engaged in conduct deemed fraudulent or deceptive by representing a guarantee yield on investment, failed to disclose material facts; filed incomplete or misleading information with the Commissioner.
 
MARCOS MARTINEZ Lic# SA0361637
Against: Security Agent Location: NEW YORK, NY
Action: Revocation/Hearing    Begin: End: Indefinite
Signed: 4/8/2003
File # SE 2209057 DPK
Allegation:
Finding of fact conclusions of law and order revokes securities agent license of respondent based on actions by SEC and NASD.
 
JAMES FRACE Lic#
Against: Location: ,
Action: Revocation/Consent    Begin: End: Indefinite
Signed: 5/5/2003
File # SE 2209058 SGC
Allegation:
Respondent's license revoked by NASD (statutory disqualification)
 
GLOBAL ONE FOUNDATION INC Lic# UC0392828
d/b/a GLOBAL ONE FOUNDATION (G.O.F.) INC
Against: Unlicensed Company Location: DALLAS, TX
GREGORY PAULSON Lic# UP0392829
Against: Unlicensed Person Location: DODGE CENTER, MN
Action: Cease & Desist/Hearing   
Signed: 6/3/2003
File # SE 2303158 DPK
Allegation:
Resp. engaged in fraudulent activity unlicensed offer and sale of unregistered and non exempt securities in the form of prime bank notes.
 
THOMAS KOZLOWSKI Lic# SA0393206
Against: Security Agent Location: FARGO, ND
Action: Suspension/Consent    Begin: 6/9/2003 End: 8/6/2003
Signed: 6/4/2003
File # SE 2301002 LMD
Allegation:
Resp. engaged in unlicensed activity and engaged in an act or practice that would operate as a fraud or deceit upon any person.
 
LYNN BRADLEY Lic# UP0393937
Against: Unlicensed Person Location: , MN
B&B WORM FARMS, INC. Lic# UC0393936
Against: Unlicensed Company Location: , MN
Action: Cease & Desist/Hearing   
Signed: 6/12/2003
File # SE 2302685 SGC
Allegation:
Unlicensed sale of unregistered securities and franchises (" worm growing contracts with buy-back provisions") by respondents to MN residents.
 
BERTHEL FISHER COMPANY Lic# 2897
Against: Location: ,
Action: Censure/Consent   
Signed: 7/1/2003 $10000 Fine
File # SE 2301002 LMD
Allegation:
Resp. failed to properly supervise the activities of their agent and allowed an agent to effect a transaction in securities for which he was not licensed.
 
KATHRYN NEWBY Lic# SA0402418
Against: Security Agent Location: , MN
Action: Order for Hrg/Statement of Charges   
Signed: 8/13/2003
File # SE 2209638 SGC
Allegation:
Resp. sold securities to Minnesota investors without prior specific notice to superiving broker-dealer Investor Capittal Corp ("K") or permission to sell any from ICC.
 
COTTAGE HOMESTEADS OF AMERICA Lic# UC0404767
Against: Unlicensed Company Location: EDINA, MN
Action: Cease & Desist/Consent   
Signed: 9/3/2003
File # SE 2210538 DPK
Allegation:
Respondent engaged in unlicensed offer and sale of unregistered securities on their website.
 
GOLDMAN SACHS COMPANY Lic# 1192
Against: Location: ,
Action: Other/Consent   
Signed: 9/4/2003 $379051 Fine
File # SE 2304866 BJP
Allegation:
Analyst settlement global order.
 
US BANCORP PIPER JAFFRAY INC Lic# 1624
Against: Location: ,
Action: Other/Consent   
Signed: 10/13/2003 $189526 Fine
File # SE 2205808 SPB
Allegation:
Global analyst settlement order.
 
SMITH BARNEY Lic# 837
Against: Location: ,
Action: Other/Consent   
Signed: 10/13/2003 $2274309 Fine
File # SE 2303094 DPK
Allegation:
Global analyst settlement order.
 
CREDIT SUISSE FIRST BOSTON Lic# 704
Against: Location: ,
Action: Other/Consent   
Signed: 10/13/2003 $1137154 Fine
File # SE 2304867 BJP
Allegation:
Global analyst settlement order.
 
J P MORGAN SECURITES INC Lic# 3026
Against: Location: ,
Action: Other/Consent   
Signed: 10/13/2003 $379051 Fine
File # SE 2304869 BJP
Allegation:
Global analyst settlement order.
 
UBS WARBURG Lic# 3740
Against: Location: ,
PAINEWEBBER INC Lic# 1712
Against: Location: ,
Action: Other/Consent   
Signed: 10/13/2003 $379051 Fine
File # SE 2304871 BJP
Allegation:
Global analyst settlement order.
 
RON BONINE Lic# UP0414812
Against: Unlicensed Person Location: NORWOOD, MN
LIBERTY SPREAD OPTIONS LLC Lic# UC0415503
Against: Unlicensed Company Location: NORWOOD, MN
Action: Cease & Desist/Consent   
Signed: 11/3/2003
File # SE 2304459 DPK
Allegation:
Respondent engaged in unlicensed activity in the offer and sale of unregistered securities in MX Factors LLC.
 
RWH ASSET MANAGEMENT LLC Lic# UC0415493
Against: Unlicensed Company Location: MOUND, MN
RICHARD HARDING Lic# UP0414813
Against: Unlicensed Person Location: MOUND, MN
Action: Cease & Desist/Consent   
Signed: 11/3/2003
File # SE 2304459 DPK
Allegation:
Respondent engaged in unlicensed activity in the offer and sale of unregistered securities in MX Factor LLC.
 
BEAR STEARNS SECURITIES CORP Lic# 1223
Against: Location: ,
Action: Other/Consent   
Signed: 11/7/2003 $379051 Fine
File # SE 2303093 SGC
Allegation:
Analyst settlement global order.
 
MORGAN STANLEY Lic# 1879
Against: Location: ,
Action: Other/Consent   
Signed: 11/7/2003 $379051 Fine
File # SE 2304870 BJP
Allegation:
Analyst settlement global order.
 
EASTERN ENERGY CORPORATION Lic# UC0356628
Against: Unlicensed Company Location: BOWLING GREEN, KY
MARK KROMAN Lic# UP0356629
Against: Unlicensed Person Location: BOWLING GREEN, KY
Action: Cease & Desist/Consent   
Signed: 11/13/2003 $8000 Fine
File # SE 2207641 LMD
Allegation:
Respondents offered or sold working interests in oil and gas drilling operations that were not registered for offer or sale no were they exempt; respondents also were not licensed to sell securities nor exempt from the licensing requirements.
 
BARRY WISE Lic# UP0418027
Against: Unlicensed Person Location: , MN
COMBINED RESOURCE SYSTEMS, INC. Lic# UC0418029
Against: Unlicensed Company Location: , MN
Action: Cease & Desist/Hearing   
Signed: 11/20/2003
File # SE 2304708 SGC
Allegation:
Respondents sold unregistered securities to Minnesota residents (worm growing contracts with buy/back provisions) without a securities license and failed to respond to investigative order.
 
CGF SECURITIES LLC Lic# 2704
Against: Location: ,
Action: Cease & Desist/Consent   
Signed: 12/3/2003 $5000 Fine
File # SE 2307276 SGC
Allegation:
Respondent engaged in unlicensed investment advisory activities in 2003.
 
JULIE HARKLESS Lic# UP0417805
Against: Unlicensed Person Location: RIVERSIDE, CA
RICHARD HARKLESS Lic# UP0417804
Against: Unlicensed Person Location: RIVERSIDE, CA
MX FACTORS LLC Lic# UC0417806
Against: Unlicensed Company Location: RIVERSIDE, CA
Action: Cease & Desist/Consent   
Signed: 12/9/2003
File # SE 2305381 DPK
Allegation:
Respondents engaged in the unregistered and non exempt offer of securities utilizing Minnnesota agents
 
LEHMAN BROTHERS INC Lic# 1438
Against: Location: ,
Action: Other/Consent   
Signed: 12/30/2003 $379051 Fine
File # SE 2304868 BJP
Allegation:
Analyst settlement global order.
 
DIANA KNUTSON Lic# NO145556
Against: Notary Location: MPLS, MN
DIANA KNUTSON Lic# SA0436935
Against: Security Agent Location: , MN
Action: Cease & Desist/Consent   
Signed: 3/18/2004
File # SE 2400762 SGC
Allegation:
Respondent consented to revocation of securities license and notary commissins based on allegation of conversion of customer funds.
 
JASON WILLIAMS Lic# UP0444319
Against: Unlicensed Person Location: SAN FRANCISCO, CA
AMERICAN EQUITY GROUP, LLC Lic# UC0444315
Against: Unlicensed Company Location: SAN FRANCISCO, CA
Action: Cease & Desist/Hearing   
Signed: 4/6/2004
File # SE 2307682 LMD
Allegation:
Respondents sold unregistered securities in the form of REIT's to MN resident, Respondents were unlicensed to sell securities and failed to respond to the Dept requests for information
 
ROLAN TICE Lic# UP0443696
Against: Unlicensed Person Location: , MN
ORGANIC NETWORK INC THE Lic# UC0443697
d/b/a SEE SE2307532
Against: Unlicensed Company Location: , MN
Action: Cease & Desist/Hearing   
Signed: 4/13/2004
File # SE 2307532 SGC
Allegation:
Respondents offered or sold unregistered securities and/or franchises ( worm breeding contracts) to Minnesota residents without licensure.
 
TAX LIEN AGENTS INC Lic# UC0453800
Against: Unlicensed Company Location: MYRTLE BEACH, SC
NED MAJORS Lic# UP0453802
Against: Unlicensed Person Location: MYRTLE BEACH, SC
Action: Cease & Desist/Consent   
Signed: 6/2/2004
File # SE 2307555 DPK
Allegation:
Respondents engaged in unlicensed activity in the offer and sale of unregistered and non exempt securities.
 
MICHAEL POLLACK Lic# UP0453834
Against: Unlicensed Person Location: , MN
BENTLEY ROTHCHILD GROUP INC. Lic# UC0453832
Against: Unlicensed Company Location: , MN
ALLAN RICHARDSON Lic# UP0453836
Against: Unlicensed Person Location: , MN
GENE TODD Lic# UP0453835
Against: Unlicensed Person Location: , MN
Action: Cease & Desist/Hearing   
Signed: 6/9/2004
File # SE 2401546 SGC
Allegation:
Respondent sold at lease one unregistered security to a Minnesota resident without licensure and failed to respond to Department.
 
KATHRYN NEWBY Lic# SA0402418
Against: Security Agent Location: , MN
Action: Suspension/Hearing    Begin: End:
Signed: 6/24/2004
File # SE 2209638 SGC
Allegation:
Respondent sold away from supervisions broker dealer hereby violating high standards of commercial honor and fair and just and equitable principles of trade.
 
KATHRYN NEWBY Lic# SA0402418
Against: Security Agent Location: , MN
Action: Suspension/Hearing    Begin: End:
Signed: 6/24/2004
File # SE 2209638 SGC
Allegation:
Respondent found to have engaged in selling away without prior approval of broker dealer. Respondent license suspended for 10 business days.
 
CHRISTOPHER LOWRY Lic# UP0470594
Against: Unlicensed Person Location: ST PAUL, MN
LOWRY EDUCATIONAL SERVICES INC Lic# UC0470599
Against: Unlicensed Company Location: ST PAUL, MN
Action: Cease & Desist/Consent   
Signed: 8/25/2004 $5000 Fine
File # SE 2402123 DPK
Allegation:
Respondent engaged in unlicensed investment adviser activity after being barred by the securities and exchange commission agreed to Cease & Desist and a bar from acting as IA in MN.
 
CAHOOTS PRODUCTIONS INC Lic# UC0492374
Against: Unlicensed Company Location: BEVERLY HILLS, CA
BLUE HILL AVENUE LTD PARTNERSHIP Lic# UC0492386
Against: Unlicensed Company Location: BEVERLY HILLS, CA
Action: Cease & Desist/Consent   
Signed: 12/2/2004
File # SE 2406534 DPK
Allegation:
Respondent engaged in unlicensed activity in the offer and sale of unregistered and non exempt securities to a Minnesota resident.
 
SELECT EQUITIES CORPORATION Lic# UC20504573
Against: Unlicensed Company Location: HEATHROW, FL
Action: Cease & Desist/Hearing   
Signed: 2/3/2005
File # SE 2406511 DPK
Allegation:
Respondent engaged in the offer and sale of unregistered and nonexempt securities.
 
THOMAS WEISEL PARTNERS LLC Lic# 5234
Against: Location:
Action: Other/Consent   
Signed: 3/3/2005 $75810 Fine
File # SE 2500646 DPK
Allegation:
Global analyst settlement order.
 
DEUTSCHE BANK SECURITIES, INC. Lic# 1256
Against: Location:
Action: Other/Consent   
Signed: 4/1/2005 $435909 Fine
File # SE 2500648 DPK
Allegation:
Global analyst settlement order.
 
PATRICK OMEARA Lic# 2629930
Against: Location:
Lic# IN1002227
Against: Insurance Agent Location: OTTER TAIL, MN
Action: Revocation/Consent Begin:    End: Indefinite
Signed: 4/20/2005
File # SE 2501220 BD
Allegation:
Respondent's securities and insurance licenses were revoked based on financial irresponsibility.
 
LINDA RIPKA Lic# IN20049096
Against: Insurance Agent Location: WARSAW, MN
Action: Suspension/Consent Begin: 5/3/2005    End: 5/2/2006
Signed: 5/12/2005
File # SE 2501651 BD
Allegation:
Respondent sold unregistered securities without a license.
 
STEPHEN OATWAY Lic# UP20532917
Against: Unlicensed Person Location: LE SUEUR, MN
Action: Revocation/Hearing Begin:    End: Indefinite
Signed: 6/7/2005 $18000 Fine Revocation
File # SE 2407596 BD
Allegation:
Respondent misappropriated client funds for personal use.
 
USA TELESERVICES INC Lic# UC2050530
Against: Unlicensed Company Location:
Action: Cease & Desist/Hearing   
Signed: 6/9/2005
File # SE 2500839 BD
Allegation:
Respondent sold unlicensed security.
 
CORNERSTONE MINISTRIES INVESTMENTS INC Lic# UC2052871
Against: Unlicensed Company Location:
Action: Cease & Desist/Consent   
Signed: 6/9/2005 $8000 Fine Consent/Cease & Desist
File # SE 2501335 BD
Allegation:
Respondent sold unregistored securities to Minnesota investors.
 
LAWSTAR INC Lic# UC20526315
Against: Unlicensed Company Location: BEVERLY HILLS, CA
Action: Cease & Desist/Hearing   
Signed: 7/12/2005
File # SE 2501571 BD
Allegation:
Respondent sold unregistered securities through unlicensed individuals.
 
CHARLES JOHNSON Lic# IN193205
Against: Insurance Agent Location: BLOOMINGTON, MN
Action: Revocation/Consent Begin:    End: Indefinite
Signed: 7/21/2005
File # SE 2501956 DPK
Allegation:
Respondent engaged in unlicensed securities agent activity in the offer and sale of viatical settlement contracts. Further, respondent renewed insurance agent license without complying with previous Department order.
 
AMG INC Lic# UC20534858
Against: Unlicensed Company Location: LINCOLNWOOD, IL
Action: Cease & Desist/Consent Begin:    End: Indefinite
Signed: 7/21/2005
File # SE 2501956 DPK
Allegation:
Respondent engaged in unlicensed activity in the offer and sale of unregistered securities in the form of viatical settlement contracts.
 
SCOTT ZIMMERMAN Lic# SA20534873
Against: Security Agent Location: DUNWOODY, GA
Action: Revocation/Consent Begin:    End: Indefinite
Signed: 7/21/2005
File # SE 2502158 DPK
Allegation:
Respondent engaged in fraudulent activity by offering interests in a hedge fund that was created by respondent and using funds for his own purpose.
 
BRENT RICE Lic# SA20536713
Against: Security Agent Location: WAYZATA, MN
Lic# IN53987
Against: Insurance Agent Location: WAYZATA, MN
Action: Other/Consent   
Signed: 7/25/2005 $250 Fine
File # SE 2502416 BD
Allegation:
Respondent forged signature of his ex-wife on personal papers.
 
FUTURA TECHNOLOGIES INC Lic# UC20536754
Against: Unlicensed Company Location: MINNEAPOLIS, MN
Lic# UP20536758
Against: Unlicensed Person Location: MPLS, MN
Action: Cease & Desist/Hearing   
Signed: 7/26/2005
File # SE 2500680 BD
Allegation:
Respondent Nelson, an unlicensed individual, sold an unlicensed security in Futura Technologies.
 
STANLEY SHEW A TJON Lic# UP20545424
Against: Unlicensed Person Location:
Lic# UC20545422
d/b/a CARUBA INTERNATIONAL A FLORIDA CORPORATION
Against: Unlicensed Company Location:
ELIZABETH SHEW A TJON Lic# UP20545425
Against: Unlicensed Person Location:
DARYL REASON Lic# UP20545426
Against: Unlicensed Person Location:
IVAN SHEW A TJON Lic# UP20545423
Against: Unlicensed Person Location:
Action: Cease & Desist/Consent   
Signed: 10/3/2005
File # SE 2501651 BD
Allegation:
Allege respondent sold unregistered securities in Minnesota.
 
AMER EXPRESS FIN ADVISORS INC Lic# 1854
Against: Location:
Action: Other/Consent   
Signed: 12/1/2005 $2000000 Fine
File # SE 2502055 DPK
Allegation:
Allege respondent engaged in violations of Minnesota statues by failing to supervise, have written policy procedures concerning class B mutual fund shares, 529 college saving plans, market timing, revenue sharing & directed brokerage.
 
MULLER SCHMIDT ASSOCIATES Lic# UC20558792
Against: Unlicensed Company Location: MINNEAPOLIS, MN
Action: Cease & Desist/Hearing   
Signed: 1/23/2006
File # SE 2507745 DPK
Allegation:
Allege respondent engaged in fraudulent an unlicensed activity using a false Minnesota address and contacting foreign investors
 
GENESIS SYSTEMS Lic# UC20560727
Against: Unlicensed Company Location: PLYMOUTH, MN
Action: Cease & Desist/Hearing   
Signed: 2/3/2006
File # SE 2505931 DPK
Allegation:
Allege respondent failed to respond to departments request for information on alleged violations of unlicensed, unregistered, and fraudulent offer/sale on securities.
 
CHIANG THAO Lic# UP20554585
Against: Unlicensed Person Location: MAPLEWOOD, MN
Lic# UC20554592
Against: Unlicensed Company Location: MAPLEWOOD, MN
Action: Cease & Desist/Consent   
Signed: 2/10/2006
File # SE 2406987 DPK
Allegation:
Allege respondent engaged in fraudulent activity in unlicensed capacity investors in his company.
 
JULIA DAIGLE Lic# UP20564761
Against: Unlicensed Person Location: GRAND RAPIDS, MN
Action: Cease & Desist/Consent   
Signed: 3/1/2006
File # SE 2407329 DPK
Allegation:
Allege respondent engaged in unlicensed securities agent activity in the offer and the sale of unregistered and non exempt securities in the form of viatical settlement contracts.
 
JULIA DAIGLE Lic# IN59869
Against: Insurance Agent Location: GRAND RAPIDS, MN
Action: Censure/Consent   
Signed: 3/1/2006 $2500 Fine
File # SE 2407329 DPK
Allegation:
Allege respondent engaged in a dishonest act or practice whether or not such act or practice involved insurance by acting as an unlicensed agent in the unregistered sale of viatical settlement contracts.
 
LEONARD DAIGLE Lic# UP20564760
Against: Unlicensed Person Location: GRAND RAPIDS, MN
Action: Cease & Desist/Consent   
Signed: 3/1/2006
File # SE 2407329 DPK
Allegation:
Allege respondent offered and sold unregistered and non exempt securities in the form of viatical settlement contracts.
 
LEONARD DAIGLE Lic# IN691875
Against: Insurance Agent Location: GRAND RAPIDS, MN
Action: Censure/Consent   
Signed: 3/1/2006 $7500 Fine
File # SE 2407329 DPK
Allegation:
Allege respondent engaged in a dishonest act or practice whether or not such act or practice involves insurance by offering unregistered securities in the form of viatical settlement contracts.
 
BARBARA NAULT Lic# SA20581417
Against: Security Agent Location: MINNEAPOLIS, MN
Action: Suspension/Consent Begin:    End:
Signed: 5/25/2006
File # SE 2504626 DPK
Allegation:
Allege respondent failed to observe high standards of commerical honor by cutting and pasting a clients signature.
 
KRISTI CHRISTOPHER Lic# UP20580701
Against: Unlicensed Person Location: NAPA, CA
Action: Cease & Desist/Consent   
Signed: 5/25/2006 $2500 Fine
File # SE 2600370 DPK
Allegation:
Allege respondent engaged in unlicensed/unregistered activity by selling CD's in a foreign entity.
 
WIRELESS WORLDWIDE CONNECTION IX LLC Lic# UC20581075
Against: Unlicensed Company Location: MULBERRY, FL
Action: Cease & Desist/Consent   
Signed: 5/25/2006 $5130 Fine
File # SE 2601939 DPK
Allegation:
Allege respondent allowed an unlicensed agent to engage in the offer & sale of unregistered securities to Minnesota residents.
 
CURT LUGERT Lic#
Against: Location:
Action: Cease & Desist/Consent   
Signed: 5/25/2006
File # SE 2602653 DPK
Allegation:
Allege respondent engaged in unlicensed activity in the offer and sale of unregistered securities of foreign prime bank deposit programs.
 
ROBERT FESENMAIER Lic# UP20583907
Against: Unlicensed Person Location: OLIVIA, MN
Action: Cease & Desist/Consent   
Signed: 6/9/2006 $2500 Fine
File # SE 2601939 DPK
Allegation:
Allege respondent engaged in unlicensed securities agent activity in the offer and sale of unregistered securities in wireless worldwide connection.
 
EPCOM WIRELESS CORPORATION Lic# UC20594219
Against: Unlicensed Company Location: BURNSVILLE, MN
Lic# UP20217093
Against: Unlicensed Person Location: BURNSVILLE, MN
Action: Cease & Desist/Hearing   
Signed: 10/6/2006
File # SE 2604767 DPK
Allegation:
Allege respondent failed to respond to departments order for written statement concerning allegations of fraudulent activity in the offer/sale of unregistered securities.
 
SUNRAY OIL COMPANY INC Lic#
Against: Location:
Action: Cease & Desist/Hearing   
Signed: 11/21/2006
File # SE 2604636 BD
Allegation:
Allege respondent sold unregistered securities in Minnesota.
 
PRECISION OIL CORPORATION Lic# UC20596199
Against: Unlicensed Company Location: IRVING, TX
Action: Other/Consent   
Signed: 12/12/2006 $1000 Fine SE2603207
File # SE 2603207 BD
Allegation:
Allege respondent, failed to make required exemption filing prior to soliciting sales of securities.