Administrative Orders

Year 2006


C-06-032-CD01
12/27/2006

JUDY J. DUGGAN, AN UNLICENSED MORTGAGE LOAN BROKER
 

Order to cease & desist based on evidence presented to the Department to conclude that Judy J. Duggan engaged in unlicensed mortgage loan brokering activities in violation of the Arkansas Fair Mortgage Lending Act and in violation of an order entered by the Commissioner in February of 2006.

06-80006766-OR006
12/14/2006

GUS BLASS, II
 

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

06-90000350-NA008
12/14/2006

MORGAN KEEGAN & COMPANY, INC.
 

Order granting exemption from Rule 308.01(F) of the rules of the Arkansas Securities Commissioner in relation to school bonds offered by the school districts as a fiscal agent.

S-04-085-06-CD01
12/12/2006

WAVE ENERGY CORPORATION, A/K/A WAVE ENERGY, INC., JEFFREY SCOTT RAND AND ALL PERSONS EMPLOYED BY OR OTHERWISE AFFILIATED WITH THAT ENTITY OR JEFFREY SCOTT RAND
 

Cease & Desist Order based on evidence received by the Department which indicates that Wave Energy, Inc. and Jeffrey Scott Rand have violated the provisions of the Arkansas Securities Act, pursuant to Ark. Code Ann. Section 23-42-101. 

06-90000349-NA007
12/11/2006

CREWS AND ASSOCIATES, INC.

Order granting exemption from Rule 308.01(F) of the rules oft he Arkansas Securities Commissioner allowing it to bid on the purchase of bonds for school districts while acting as a fiscal agent.

06-90000348-NA006
12/6/2006

STEPHENS, INC. 
 

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

06-80006744-OR005
11/28/2006

SOUTHWEST ARKANSAS WATER SYSTEM, INC.

Order providing a transactional exemption from registration on the proposed sale of two bonds pursuant to Ark. Code Ann.§ 23-42-504(a)(12).

S-04-082-06-CD01
11/21/2006

NATIONAL CONSUMER MORTGAGE, LLC; SALVATORE FAVATA A/K/A SAM FAVATA; SANDRA FAVATA, PRESIDENT AND ROBERT BRYANT
 

Order to Cease & Desist based on evidence in possession of the department that indicates that National Consumer Mortgage, LLC, Salvatore Favata, Sandra L. Favata and Robert O. Bryant have violated provisions of the Arkansas Securities Act, Ark. Code Ann. § 23-42-101.

06-80006679-OR004
11/13/2006

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 proposed sales of member interests to surgeons, anethesiologists or other physicians that meet the qualifications.

S-06-021-06-CD01
9/20/2006

THE AVEDIS GROUP, INC.; A FREEDOM TEAM MORTGAGE COMPANY, INC.; A/K/A  A~FREEDOM TEAM MORTGAGE COMPANY INC.; AND AFTMORTGAGE.NET; TT AND T, LLC; THOMAS FINANCIAL, LLC; GDC, LLC; MARK LEAMON THOMAS, TRENT DODDS, BETTY KITCHEN, JIM BEACH, TONY CASTEEL, GARY DUPLANTIS AND ALL PERSONS EMPLOYED BY OR OTHERWISE AFFILIATED WITH THOSE ENTITIES OR PERSONS
 

Cease & Desist Order based on evidence in the Department's possession which indicates that the Avedis Group, Inc., A Freedom Team Mortgage Company, Thomas Financial, LLC, Mark Leamon Thomas, Trend Dodds, Betty Kitchen, Jim Beach, Tony Casteel and Gary Duplantis have violated provisions of the Arkansas Securities Act, codified Ark. Code Ann. § 23-42-101.

C-06-022-06-CD01
9/20/2006

A FREEDOM TEAM MORTGAGE COMPANY, INC., A/K/A  A~FREEDOM TEAM MORTGAGE COMPANY INC., AND AFTMORTGAGE.NET; BETTY KITCHEN; MARK LEAMON THOMAS; AND TRENT DODDS
 

Cease & Desist Order stemming from failiure to comply with proper licensing requirements under the FMLA which includes conducting business without a license, falsifying documents, submitting false statements to staff and continuing to conduct mortgage activity after staff advised the company to cease until a license was issued.

S-06-009-06-CD01
9/11/2006

CLIFFORD WAYNE PITTS, A/K/A CLIFF PITTS, A/K/A C.W. PITTS D/B/A WESTERN ARIZONA RETIREMENT ASSOCIATES AND DONNA K. BISHOP A/K/A DONNA PITTS
 

Cease & Desist Order based on the Department's possession of certain evidence which indicates that Clifford Wayne Pitts and Donna K. Bishop have violated the provisions oft he Arkansas Securities Act, codified at Ark. Code Ann. § 23-42-101.

06-80006540-OR0003
9/8/2006

GUS BLASS, III 
 

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

C-06-031-06-FO01
9/7/2006

CHARLES MARTON RUSK  
 

Order denying renewal application for a loan officer in light of the respondent submitting false and misleading information to the commissioner under the Arkansas Fair Mortage Lending Act, Ark. Code Ann. § 25-39-501.

S-06-015-06-CD01
9/5/2006

CHRISTOPHER A. HOGAN, A/K/A CHRIS HOGAN, A/K/A CHRIS BIG POPPA HOGAN, CRUNKLAND RECORDS, LTD., ROLFUND.COM, AND ALL PERSONS OR ENTITIES EMPLOYED BY OR OTHERWISE AFFILIATED WITH THEM 

Summary Order to Cease & Desist based on certain evidence in the Department's possession which indicates that Chris Hogan, Crunkland Records, Ltd. and all persons or entities employed or otherwise affiliated with them either have engaged in or are about to engage in Acts that constitute violations of the provisions of the Arkansas Securities Department, Ark. Code Ann. § 23-42-101.

S-05-028-06-CO01
8/31/2006

MARSHELL MILLER  
 

Consent order entered pursuant to the Arkansas Securities Act, Codified at Ark. Code Ann. § 23-42-101 in an agreement with the Department and Marshell Earl Miller in full settlement of all claims that could be brought against him by the staff.

C-06-018-06-CD02
7/28/2006

WESLEY STEVEN SNODGRASS, FORMER PRESIDENT & OWNER OF TBS INVESTMENTS, INC. D/B/A AMERICAN RESIDENTIAL MORTGAGE

Cease & Desist Order based on allegations that the respondent failed to comply with the licensing requirements of the Act including conducting business in the state without a loan officer license which is in violation of the order suspending license C-06-018-06-CD01.

C-05-037-06-OR01
7/5/2006

KEITH W. THOMAS, INDIVIDUALLY & D/B/A FREEDOM NOTE LIQUIDATION

Modification of Cease & Desist Order against Keith W. Thomas for violation of the FMLA, Ark. Cod Ann. § 23-39-501 affirming in part and overruling in part.  Thomas will be granted a conditional loan officer license upon submission of a complete and correct application.

C-06-023-06-CD01
5/31/2006

GLEN ROBERTSON,  AN EMPLOYEE OF  UNION MORTGAGE, INC.

Cease & Desist Order based on allegations that the respondent has failed to comply with the proper licensing requirements of the Act and evidence that the respondent continued to conduct business within the state after the expiration of his license.

C-05-037-06-CD01
5/16/2006

KEITH W. THOMAS, INDIVIDUALLY & D/B/A FREEDOM NOTE LIQUIDATION,

HARRY RANDOLPH (RANDY) CROW, INDIVIDUALLY AMERICAN FINANCIAL MORTGAGE, INC.
 

Order to Cease & Desist based on allegations of possible violations oft he Arkansas Fair Mortgage Lending Act, Ark. Code Ann. § 23-39-501.

06-80006291-OR002
5/5/2006

GARY F. LILES

Order providing a transactional exemption from registration and permission to pay commission pursuant to Ark. Code Ann. § 23-42-504(a)(12).

C-06-017-06-OR01
5/5/2006

CARL GUSTAVUS MATTHEWS, AN EMPLOYEE OF NATIONAL LENDING CORPORATION 
 

Order denyhing application of a felony conviction for a crime involving fraud under the Fair Mortgage Lending Act.

C-06-018-06-CD01
5/5/2006

TBS INVESTMENTS, INC., D/B/A AMERICAN RESIDENTIAL MORTGAGE

Order suspending license based on allegations that the respondent has failed to comply with the surety bonding requirements of the Fair Mortgage Lending Act.

C-06-019-06-CD01
5/5/2006

LIMINE MORTGAGE, L.L.C.
 

Order suspending license base don allegations that that respondent failed to comply with the surety bond requirements of the Fair Mortgage Lending Act.

C-06-020-06-CD01
5/5/2006

NUSTAR MORTGAGE RESOURCES, LLC
 

Order suspending license based on allegations that the respondent has failed to comply with the surety bonding requirements of the Fair Mortgage Lending Act.

C-06-013-06-CD01
4/3/2006

LIBERTY MORTGAGE, INC.;

SALT LAKE CITY, UTAH

Cease & Desist Order stemming from information and documentation indicating that the respondent  has engaged in certain mortgage loan brokering activities in Arkansas without a license to engage in such activities which is in violation of the Arkansas Fair Mortgage Lending Act, Ark. Code Ann. § 23-39-501.

06-90000345-NA003
2/16/2006

ARKANSAS SECURITY CAPITAL CORPORATION

 

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

06-80006065-OR001
1/31/2006

OUACHITA REGIONAL DIAGNOSTIC & SURGERY CENTER, INC. D/B/A HEALTHPARK HOSPITAL

Securities Order providing a waiver of certain provisions of the exemption pursuant to Ark. Code Ann. § 23-42-503(A)(9) regarding the proposed slae of shares in Ouachita Regional Diagnostic & Surgery Center, inc. to certain qualified investors.


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