Administrative Orders

Year 2005


S-05-027-05-CD01
12/22/2005

GARY MARCUS SMITH, REX WHITE, TAL CAPITAL MANAGEMENT, AND TAL GROUP
 

Cease & Desist Order based on evidence in possession of the Department that indicates that Marcus Smith, Rex White, Tal Capital Management, and Tal Group have violated provisions of hte Arkansas Securities Act, Ark. Code Ann. § 23-42-101.

05-90000342-NA012
12/22/2005

MORGAN KEEGAN COMPANY, INC.
 

Order granting exemption from Rule 308.01(F) of the Rules of the Arkansas Securities Commissioner as it relates to school bonds offered by the school districts for which it is a fiscal agent.

C-05-40
12/15/2005

ARTHUR DRIVER A/K/A ART DRIVER D/B/A DIVERSIFIED FINANCIAL; GERMANTOWN, TENNESSEE
 

Cease & Desist Order based on information the Department received concerning Arthur Driver indicating the respondent had engaged in certain mortgage loan activities in violation of the FMLA, Ark. Code. Ann. § 23-39-501.

05-80005990-OR11
12/14/2005

GUS BLASS, II
 

 Order providing a transactional exemption from registration pursuant to Ark. Code Ann. § 23-42-504(a)(8).

05-90000341-NA011
12/12/2005

CREWS AND ASSOCIATES, INC
 

Order granting exemption from Rule 308.01(F) of the Rules oft he Arkansas Securities Commissioner allowing the company to bid on the purchase of bonds for school districts for which is acts as a fiscal agent.

05-90000340-NA010
12/12/2005

STEPHENS, INC

Order granting exemption from Rule 308.01(F) of the Rules of the Arkansas Securities Commissioner allowing the comapny to bid on the purchase of bonds for school districts for which it acts as a fiscal agent.

S-05-027-05-OI02
11/10/2005

GARY SMITH AND REX WHITE
 

Order directing investigation and empowering officers based on evidence indicating that Gary Smith & Rex White have violated various sections of the Arkansas Securities Act under Ark. Code Ann. § 23-42-301(a) and §23-42-507.

05-80005853-OR10
10/25/2005

MYSTIC CREEK DEVELOPMENT COMPANY, LIMITED PARTNERSHIP

Order providing a waiver of certain provisions of the exemption pursuant to Ark. Code Ann. § 23-42-504(a)(9) regarding the proposed sale of shares of limited partnership interests, coupled with the execution of a limited guaranty, guarnteeing limited repayment of a loan to be used in connection with the development in Mystic Creek Development Company Limited Partnership.

05-80005749-OR009
9/19/2005

GUS BLASS, III

Order providing a transactional exemption from registration pursuant to Ark. Code Ann. § 23-42-504(a)(8).

05-80005514-OR005-A
7/25/2005

B & N AVIATION, INC. AND FLYING B's LLC

Amended Order providing a transactional exemption from registration for a proposed offering and sale of shares of stock in B & N Aviation, Inc. under Ark. Code Ann. § 23-42-504(a)(12).

05-80005615-OR008
7/15/2005

HANDCUT STEAKS OF POPLAR BLUFF. INC
 

Order providing a transactional exemption from registration for a proposed offering and sale of common stock of Handcut Steaks of Popular Bluff, Inc. to determine exemption pursuant to Ark. Code Ann. § 23-42-504(a)(12).

S-05-027-05-OI01
6/29/2005

GARY WRIGHT
 

Order directing investigation and empowering officers based on evidence that Gary Wright has violated various sections of the Arkansas Securities Act including Ark. Code Ann. § 23-42-301(a) and Ark. Code Ann. § 23-42-507.

05-800005586-RO007
6/24/2005

JEFFERSON SURGERY CENTER, PLLC

Order providing a waiver of certain provisions of the exemption pursuant to Ark. Code Ann. §23-42-504(a)(9) for the proposed sale of member interests in Jefferson Surgery Center PLLC to certain qualifed individuals.

S-04-098-05-CD01
6/24/2005

MICHAEL KENT ZEDLITZ
 

Cease & Desist Order based on evidence that Michael Kent Zedlitz has violated certain provisions of the Arkansas Securities Act, codified at Ark. Code Ann. §23-42-101.

S-05-023-05-CO01
6/23/2005

DEUTSCHE BANK SECURITIES, INC.
 

Consent Order regarding the issue of Deutsche Bank failing to reasonably supervise reasearch analysts' activities and to establish procedures to guard against improper conduct. 

S-03-039-05-CO01
5/25/2005

TOMMY RUFF, CARLA CHASTAIN, FIRST FINANCIAL ADVISORS, INC., AND FIRST FINANCIAL BROKERAGE SERVICES, INC.

Consent Order pursuant to Ark. Code Ann. § 23-42-101 in full settlement of all  claims that could be brought against Tommy Lee Ruff, Carla Lea Chastain, and First Financial Brokerage Services, Inc. by the Department.

S-05-001-05-CD01
3/18/2005

FORTRESS FOUNDATION, INC.,
LEROY HOBACK, O. BRUCE MIKELL,
G. T. FUNDS, INC., RAYMOND M. STREIG,
WILLIAM E. SCHWERDTFEGER,
GLORIA N. STREIG, RA' NIC STREIG
SCHWERDTFEGER AND ALL PERSONS
EMPLOYED BY OR OTHERWISE
AFFILIATED WITH THOSE ENTITIES OR THOSE PERSONS

 

Cease & Desist Order based on evidence received by the Department which indicates that Fortress Foundation, Inc., Leroy Hoback, O. Bruce Mikell, G.T. Funds, Inc., Raymond M. Streig, William Schwerdtfeger, Gloria N. Streig, Ra'nic Streig Schwerdtfeger violated provisions of the Arkansas Securities Act, codified at Ark. Code Ann. § 23-42-101.

C-05-014-05-CD01
3/11/2005

FIRST AMERICAN MORTGAGE SECURITIES OF ARKANSAS, INC. CAVE SPRINGS, AR
 

Cease & Desist Order and Revocation of a mortgage broker license base on evidence presented to the commissioner showing that First American Mortgage Securities of Arkansas, Inc. failed to comply with the provisions of the Fair Mortgage Lending Act, Ark. Code Ann. § 23-39-501.

05-80005375-OR004
2/24/2005

DAVIS SOUTH FARMS, INC

Order providing a transactional exemption from registration for the proposed offering and sale of capital stock of David South Farms, Inc. to Drew Davis pursuant to Ark. Code Ann. § 23-42-504(a)(12).

C-04-087-04-AC01
2/11/2005

SHIRLENA L. WRIGHT

Consent Order entered pursuant to the provisions of FMLA, Ark. Code Ann. § 23-39-501 based on findings that Shirlena L. Wright materially mistated her responses to her application for a loan officer license.

05-80005324-OR002
1/28/2005

HSA ENGINEERING CONSULTING SERVICES, INC.

Order providing a transactional exemption from registration on a proposed offering and sale of common stock of HSA Engineering Consulting Services, Inc. to Robert P. May pursuant to Ark. Code Ann. § 23-42-504(a)(12).

05-90000-330-NA001
1/14/2005

ARKANSAS SECURITY CAPITAL CORPORATION
 

Order renewing registration pursuant to Ark. Code Ann. § 23-42-404(k).

05-80005316-OR001
1/14/2005

OUACHITA REGIONAL DIAGNOSTIC & SURGERY CENTER, INC.

Order providing a waiver of certain provisions of the exemption pursuant to Ark. Code Ann. § 23-42-504(a)(9) on the proposed sale of common stock in Ouachita Regional Diagnostic & Surgery Center, Inc. d/b/a HealthPark Hospital to certain qualified investors.


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