Administrative Orders

Year 2007


07-90000379-NA012
12/20/2007

MORGAN KEEGAN & COMPANY, INC.

Order granting exemption from provisions of Rule 308.01(F) of the Rules of the Arkansas Securities Commissioner.

07-90000378-NA01
12/13/2007

STEPHENS, INC. 

Order granting exemption from provisions of Rule 308.01(F) of the Rules of the Arkansas Securities Commissioner.

07-90000372-NA010
12/13/2007

CREWS AND ASSOCIATES, INC.

Order granting exemption from Rule 308.01(F) of the Rules of the Arkansas Securities Commissioner.

C-07-042-07-SO01
12/13/2007

MANDALAY MORTGAGE, LLC     
LICENSE NO. 26333

 

Order suspending license based on allegations that the respondent failed to comply with the surety bond requirement of FMLA.

C-07-041-07-OR01
12/10/2007

QUICK LOAN FUNDING, INC.  LICENSE NO. 26203
 

Order suspending license based on allegations that the respondent failed to comply with the surety bond requirements of FMLA.

07-80007450-OR008
11/6/2007

CERTAIN MINORITY SHAREHOLDERS OF LION OIL COMPANY
 

Order providing a transactional exemption from registration that a proposed offer and sale of capital stock in Lion Oil Company under § 23-42-501 and 502 of the Act.

C-07-038-07-FO01
10/25/2007

CASEY B. MILLER

Order denying loan officer renewal application under FMLA, Ark. Code Ann. § 23-39-501 based on a criminal conviction.

07-90000366-NA008
9/19/2007

EXEMPTION OF OFFERS AND SALES OF OIL, GAS AND OTHER MINERAL INTERESTS UNDER SELECT CONDITIONS

Order based on request from several persons in the oil and gass industry for exemption for transactiosn under select conditions to qualified purchasers under Ark. Code Ann. § 23-42-501.

07-80007275-OR007
8/29/2007

ARKANSAS HOUSEWORKS, INC.

Order providing a transactional exemption from registration for a proposed offering and sale of capital stock.

07-035-07-OR01
8/23/2007

FIRST MAGNUS FINANCIAL CORPORATION, TUSCON, ARIZONA

An order summarily suspending license after allegations that the respondent has engaged in, is engaging in, or is about to engage in acts or practices that are in violation of the Arkansas FMLA, Ark. Code Ann. § 23-39-501.

07-80007252-OR006
8/15/2007

GUS BLASS, III

Order providing transactional exemption from registration under § 23-42-504(a)(8).

C-07-025-07-CO01
7/31/2007

LENDIA, LLC
LICENSE NO. 11640

Consent order denying addition of mortgage banker for the purpose of resolving allegations by the staff of failure to provide the department with the required surety bond in the appropriate amount or respond with its intent for ongoing mortgage loan activity in the state.

40350
7/13/2007

NONTRADITIONAL MORTGAGE GUIDANCE

Order adopting CSBS-AARMR Guidance on nontraditional mortgage product risk.

C-07-024-07-CO01
7/10/2007

PRESIDENTIAL MORTGAGE CORPORATION

Consent Order revoking the license of Presidential Mortgage Corporation due to the company conducting unlicensed loan activity under Ark. Code Ann. § 23-39-503(b).

C-07-030-07-OR01
7/10/2007

KEVIN KENNA GILL

Order denying application of license of Kevin Kenna Gill base on records on file with the Department stating that he attempted to close a stated income loan in early 2006 using falsified employment and financial information from an unemployed borrower.

S-07-026-07-CD01
6/21/2007

NEXPLORE TECHNOLOGIES, INC., EDWARD W. MANDEL, PAUL O. WILLIAMS, SKINNER G. LAYNE, EDDY A. LAYNE, R. SCOTT GRIZZLE, HUGES-ROTH FINANCIAL GROUP, INC., HUGHES-ROTH CAPITAL MARKETS, INC., RELEVANCE SEARCH PARTNERS, LLC, RELEVANCE SEARCH PARTNERS II, LLC, RELEVANCE SEARCH PARTNERS III, LLC, TEXAS SEARCH SOLUTIONS, LLC, RIVER FLUSH, LLC, AND INTERNET GAMBLERS, LLC

Cease & Desist Order based on evidence received by the Department indicating that Nexplore Technologies, Inc. among others have violated provisions of the Arkansas Securities Act codified at Ark. Code Ann. § 23-42-101

07-90000355-NA005
6/18/2007

DELEGATION OF DUTIES OF THE SECURITIES COMMISSIONER TO ANN MCDOUGAL, DEPUTY COMMISSIONER

C-07-022-07-CD01
6/15/2007

MADISON FINANCIAL GROUP
 

Cease & Desist Order based on evidence obtained by the Department indicating that Madison is acting or attempting to act as a mortgage banker in the state and is fraudulently referencing a mortgage banker license.

C-07-023-07-CO01
6/13/2007

US MORTGAGE AND INVESTMENTS
 

Consent Order entered into in full settlement of all matters and claims regarding unlicensed mortgage activity pursuant to the Arkansas FMLA, codified at Ark. Code Ann. § 23-39-501.

15741
5/24/2007

WESLEY SNODGRASS LICENSE APPLICATION WITHDRAWAL AND SUSPENSION

Consent Order arising from an application for a license as a mortgage loan officer based on allegations of unlicensed mortgage loan brokering.

C-07-017-RV01
5/23/2007

DANA CAPITAL GROUP, INC.          
LICENSE NO. 10197

 

 Order revoking license based on allegations that the respondent has failed to comply with the qualifications, financial responsibility, character, or general fitness requirements under Ark. Code Ann. § 23-39-505 or bond or net worth requirements of the FMLA.

07-80007060-OR005
5/21/2007

SWARTHOUT PROPERTIES, LLC
 

Order providing a transactional exemption from registration for a proposed restructuring of ownership pursuant to Ark. Code Ann. § 23-42-504(a)(12).

C-07-016-07-FO01
5/15/2007

MICAH JEFFREY LINN
 

Order to deny the loan officer application of Micah Jeffery Linn under the Arkansas FMLA, Ark. Code Ann. § 23-39-501.

C-07-012-07-CO01
5/3/2007

REALTY MORTGAGE CORPORATION AND TODD REYNOLDS, INDIVIDUALLY

Consent Order entered pursuant to FMLA, codified at Ark. Code Ann. §23-39-501 with Realty Mortgage Corporation and Todd Reynolds in full settlement based on allegations involving unlicensed loan activity.

07-80007021-OR004
4/30/2007

LAKELAND BAY, INC.
 

Order providing transactional exemption from registration for the proposed offering and sale of common stock pursuant to Ark. Code Ann. § 23-42-504(a)(12).

C-07-013-07-CD01
4/24/2007

AMERICAN DREAM MORTGAGE, LLC   
LICENSE NO. 29639

 

Order suspending license based on allegations that the respondent failed to comply with the surety bond requirements of the FMLA.

C-07-014-07-CD01
4/24/2007

AMORTGAGELINK, LLC   
LICENSE NO. 11728

 

Order suspending license based on allegations that the respondent failed to comply with the surety bond requirements of the FMLA.

07-80006951-OR003
4/9/2007

WILSON FLYING SERVICES, INC.
 

Order providing transactional exemption from registration requesting that the proposed offering and sale of capital stock to Terry Wilson.

C-07-011-07-CD01
4/9/2007

AMERICAN FINANCIAL PRODUCTS. LTD.   
LICENSE NO. 11677

 

Order suspending license based on allegations that the respondent has failed to comply with the surety bond requirements and payment of accrued late fees of the FMLA.

C-07-005-07-CD01
3/27/2007

ARKANSAS LENDING GROUP, LLC   
LICENSE NO. 27158

 

Order suspending license based on allegations that the respondent failed to comply with the surety bonding requirements of the FMLA.

S-03-016-07-CO10
3/21/2007

WACHOVIA FINANCIAL GROUP
 

Consent Order for the sole purpose of settling the matter discussed stating that WCM will cease and desist from violating Ark. Code Ann. § 23-42-308(a)(2)(J) of the Arkansas Securities Act.

C-05-037-07-FO01
2/23/2007

KEITH W. THOMAS
 

Summary Order entered pursuant to the terms and conditions of Order NO. C-05-037-06-OR01 stating the conditional loan officer license granted to Keith W. Thomas is revoked and the respondent is ordered to cease and desist from all mortgage loan activity.

S-06-038-07-CD01
2/23/2007

AMERICANS FOR LAWFUL FINANCIAL INDEPENDENCE & INFORMATION, MY ICIS, INC., WAYNE HICKS, LORI HICKS 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 Americans for Lawful Financial Independence & Information, My Icis, Inc., Wayne Hicks and Lori Hicks have violated provisions of the Arkansas Securities Act, Ark. Code Ann. § 23-42-101.

C-06-023-07-CO01
2/13/2007

GLEN ROBERTSON

LICENSE NO. 21850

Consent Order entered pursuant to the Arkansas Fair Mortgage Lending Act, codified at Ark. Code. Ann. § 23-39-501 in full settlement of all matters set forth in cease & desist order No. C-06-023-06-CD01 as grounds for denial of Robertson's pending application for licensure as a loan officer.

C-06-022-07-FO01
2/12/2007

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

Final order against Freedom Team Mortgage Company, Inc., Betty Kitchen, Mark Leamon Thomas, and Trent Dodds to cease & desist from all mortgage loan activity within the state of Arkansas.

S-05-041-07-CD01
2/5/2007

THE LIBERTY GROUP, LLC, ANTHONY EUGENE KENNEDY, LARRY WARREN AND ALL PERSONS EMPLOYED BY OR OTHERWISE AFFILIATED WITH THAT ENTITY OR THOSE INDIVIDUALS
 

Cease & Desist Order based on evidence received byt he Department which indicates that The Liberty Group, LLC., Anthony Eugene Kennedy and Larry Warren have violated provisions of the Arkansas Securities Act, codified at Ark. Code Ann. §23-42-101.

07-80006820-OR002
1/18/2007

CITY PLUMBING, HEATING, AND ELECTRIC, INC.

Order providing a transactional exemption from registration the proposed offering and sale of capital stock in a redemption by the company pursuant to Ark. Code Ann. Section 23-42-504(a)(12).

07-80006762-OR001
1/8/2007

UPCHURCH ELECTRICAL SUPPLY COMPANY
 

Order providing a transactional exemption from registration for the proposed offereing and sale of capital stock from Jeff Koenic to David McConnell and Ron White pursuant to Ark. Code Ann. § 23-42-504(a)(12).


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