Administrative Orders

Year 2009


C-09-074-09-CO01
12/30/2009

GRIFFIN FINANCIAL MORTGAGE, LLC

ROBERT GRIFFIN, II AND ROSALYN RICHARDS

Consent order entered in connection with violations of the Arkansas Fair Mortgage Lending Act pertaining to unlicensed mortgage loan activity.

S-09-024-09-CO05
12/21/2009

RBC CAPITAL MARKETS CORPORATION

Consent order entered in connection with RBC Capital Corporation ("RBC"), a subsidiary of Royal Bank of Canada, in settlement of an investigation into RBC's auction rate securities market activities where RBC agreed to buy back auction rate securities from Arkansas investors and pay a fine.

CS-09-083-09-CO01
12/18/2009

OBOPAY, INC.

Consent order entered in connection with a violation of the Arkansas Uniform Money Services Act pertaining to an untimely filing with the Department.

C-09-075-09-CO01
12/18/2009

SOUTHWEST FUNDING, LP

MARCUS LIONEL DODSON

Consent order entered in connection with violations of the Arkansas Fair Mortgage Lending Act pertaining to unlicensed mortgage loan activity.

C-09-067-09-CD01
12/15/2009

FIRST UNIVERSAL LENDING, LLC

Order directing First Universal Lending, LLC to immediately cease and desist from all mortgage loan activity in Arkansas until properly licensed.

C-09-081-09-OR01
12/15/2009

SISTERS OF MERCY OF THE AMERICAS, INC.

Order exempting securities issued by Sisters of Mercy of the Americas, Inc. pursuant to Ark. Code Ann. § 23-42-503(a)(9).

S-09-042-09-CO01
12/14/2009

JOHNSON STRATEGIC INVESTMENT ADVISORS, LLC

AND RICHARD JOHNSON

Consent order entered in connection with books and records violations of the Arkansas Securities Act and Rules imposing a fine.

S-09-037-09-CO01
12/8/2009

APPLE TREE INVESTMENTS, INC.

JOHN STEVEN KIEFER, AND MITCH TAPSON

Consent order imposing fines and sanctions against Apple Tree Investments, Inc., Steve Kiefer, and Mitch Tapson.

C-09-064-09-CO01
12/7/2009

PERSONALIZED MORTGAGES, INC.

Consent order entered in connection with violations of the Arkansas Fair Mortgage Lending Act pertaining to unlicensed mortgage loan activity.

C-09-047-09-CO01
11/19/2009

SIGNATURE LENDING OF ARKANSAS, INC.

LICENSE NO. 21419

Consent order entered in connection with Signature's late filing of a financial statement with the Department.

C-09-061-09-CO01
11/6/2009

ALLIED HOME MORTGAGE CAPITAL CORPORATION

Consent order entered in connection with violations of the Arkansas Fair Mortgage Lending Act pertaining to unlicensed mortgage loan activity.

C-08-045-09-CO02
11/2/2009

SOUTHERN MORTGAGE COMPANY OF ARKANSAS

LICENSE NO. 10624

Consent order entered in connection with the failure to supervise a mortgage loan officer employed by Southern Mortgage Company of Arkansas.

S-08-043-09-FO01
10/27/2009

TIMOTHY ALONZA LILLY, DAVID LARRY PUCKETT, JOE A. RICHARDS, AND FIRST FIDELITY FINANCIAL GROUP OF MAUMELLE, LLC

An order issued after a hearing on cease and desist order No. S-08-043-08-CD01, issued on May 23, 2008.  As to the Respondents Timothy Alonza Lilly, David Larry Puckett and First Fidelity Financial Group of Maumelle, LLC, the order is affirmed.  As to the Respondent Joe A. Richards the order is vacated.

C-09-052-09-CO01
10/26/2009

GATEWAY MORTGAGE GROUP, LLC

LICENSE NO. 11976

Consent order entered in connection with violations of the Arkansas Fair Mortgage Lending Act pertaining to unlicensed mortgage loan activity.

C-09-055-09-CO01
10/15/2009

COMMUNITY HOME FINANCIAL SERVICES, INC.

LICENSE NO. 12000

Consent order entered in connection with Community Home Financial Services, Inc.'s late filing of an audited financial statement with the Department.

C-09-065-09-CO01
10/8/2009

EAGLE MORTGAGE & FUNDING, LLC

Consent order entered in connection with violations of the Arkansas Fair Mortgage Lending Act pertaining to unlicensed mortgage loan activity.

S-08-029-09-CD01
9/22/2009

DAWN TAYLOR POWELL AND

POWELL & DREES, INC.

Order finding that the respondents acted as an investment adviser by Powell's action as an agent of Powell & Drees, Inc. of advising investors as to whether to liquidate or retain securities for a fee and ordering that the respondents cease and desist from such activity.

S-09-004-09-FO01
9/18/2009

GREENLEAF COMPANIES, LLC,

ERIC C. GAGNEPAIN, AND MISTY PERKINS

Order affirming the cease and desist order entered on June 2, 2009.

S-09-062-09-CD01
9/8/2009

PEOPLES HOMES BUILDERS,INC., PEOPLE HOME BUILDERS CORP., AND KING JAMES PRIDGEON

Order directing Peoples Homes Builders, Inc., People Home Builders Corp. and King James Pridgeon to cease and desist from offering and/or selling unregistered securities in Arkansas until properly registered.

C-09-056-09-CO01
9/1/2009

HOME SERVICING, LLC.

LICENSE NO. 34670

Consent order entered in connection with Home Servicing, LLC's late filing of an audited financial statement with the Department.

C-09-057-09-SO01
8/18/2009

TAYLOR, BEAN & WHITAKER MORTGAGE CORP.

An order summarily suspending mortgage banker license of Taylor, Bean & Whitaker Mortgage Corp.

C-09-046-09-CO01
8/14/2009

PREMIER MORTGAGE FINANCIAL, LLC

LICENSE NO. 42516

Consent order entered in connection with Premier's late filing of a fiancial statement with the Department.

C-08-045-09-CO01
8/5/2009

CANDICE ANN WALLACE

Consent order entered in connection with violations of the Arkansas Fair Mortgage Lending Act pertaining to inflating the borrower's income on mortgage loan applications.

C-09-054-09-OR01
7/31/2009

ARKANSAS FAIR MORTGAGE LENDING ACT, ARK. CODE ANN. § 23-39-505(f)(1)

Order prescribing surety bond requirements under the Fair Mortgage Lending Act pursuant to Section 11 of Act 731 of 2009.

C-09-051-09-CO01
7/30/2009

1st AAA REVERSE MORTGAGE, INC., d/b/a REVERSE MORTGAGE USA

Consent order entered in connection with violations of the Arkansas Fair Mortgage Lending Act pertaining to unlicensed mortgage loan activity.

C-09-032-09-CO01
7/28/2009

KEY FINANCIAL CORPORATION

Consent order entered in connection with violations of the Arkansas Fair Mortgage Lending Act pertaining to unlicensed mortgage loan activity.

S-09-034-09-CO01
7/28/2009

KGI BP JOHNSON OFFSET JOINT VENTURE

Consent order entered in connection with a violation of the Arkansas Securities Act pertaining to the sell of unregistered securities.

C-09-038-09-SO01
7/14/2009

RESIDENTIAL LOAN CENTERS OF AMERICA, INC.

LICENSE NO. 15843

Order summarily suspending the license of Residential Loan Center of America, Inc. alleging that the company failed to maintain a surety bond as required by Fair Mortgage Lending Act ("Act"),  Ark. Code Ann. §§ 23-39-501 through 23-39-518.

C-09-033-09-CD01
6/24/2009

21st CENTURY LEGAL SERVICES, INC.,

SANDY AYALA A/K/A SANDI AYALA, AND

MICHAEL HERRIED

Order directing 21st Century Legal Services, Inc., Sandy Ayala a/k/a Sandi Ayala, and Micheal Herried to immediately cease and desist from all mortgage loan activity in Arkansas until properly licensed.

S-08-075-09-CD01
6/18/2009

ENSURAPET, INC., F/K/A VSURANCE, INC.,

W. RUSSELL SMITH, JOHN MATHIS LILE, III,

ROBERT MORGAN PILE, AND JAY W. DAVIDSON

Order directing Ensurapet, Inc., F/K/A Vsurance, Inc., W. Russell Smith, John Mathis Lile, III, Robert Morgan Pile, and Jay W. Davidson to cease and desist from the offering and or sale of unregistered securities as well as the sale of securities by an unregistered agent, William Russell Smith.

S-08-021-09-CD01
6/9/2009

JOHN W. RUSTIN, JR.

Order finding that John W. Rustin, Jr. had sold unregistered securities and committed securities fraud and ordering him to cease and desist from such activities.

S-09-004-09-CD01
6/2/2009

GREENLEAF COMPANIES, LLC,

ERIC C. GAGEPAIN AND MISTY PERKINS

Order directing Greenleaf Comapnies, LLC, Eric C. Gagepain and Misty Perkins to cease and desist from offering and/or selling unregistered securities in Arkansas and from using fraudulent statements in the offering and/or sale of unregistered secuities.

C-08-025-09-CD01
4/8/2009

WILLIAM O. HALL

Order issued against William O. Hall to cease and desist from all mortgage loan brokering activities in Arkansas until properly licensed.

C-08-077-09-CO01
4/6/2009

LANDAN K. MITCHELL

Consent order entered against Landan K. Mitchell revoking his loan officer license, preventing the ability to apply and employment with a mortgage licensee of the Department for three (3) years.

09-80008408-OR009
4/3/2009

FIRST ARKANSAS INSURANCE/LITTLE ROCK, INC. AND NORTH AMERICAN INSURANCE AGENCY

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

S-08-048-09-CD01
3/19/2009

DIVERSIFIED LENDING GROUP, INC.

BRUCE FRIEDMAN and MICHAEL GARDNER

Order finding that Diversified Lending Group, Inc. and Bruce Friedman committed securities fraud in selling unregistered securities and ordering them to cease such activities and that Michael Gardner has acted as an unregistered broker-dealer and ordering that he cease acting as such.

S-08-074-09-CD01
3/18/2009

JAMES ROBERT CRAWFORD D/B/A

SAFETY OF SENIORS, INC.

Order directing James Robert Crawford, d/b/a Safety of Seniors, Inc., to cease from acting as an investment adviser unless and until he is registered as an investment adviser with the Arkansas Securities Department pursuant to the Arkansas Securities Act.

S-08-009-09-CD01
3/18/2009

FIRST NEVADA MARKETING, INC.

STEVEN EDWARD GWIN

Order finding that Steven Edward Gwin sold unregistered securities issued by First Nevada Marketing, Inc., as an unregistered agent of the issuer by means of securities fraud and ordering that Gwin cease.

C-09-018-09-CD01
3/4/2009

SATONYA FORD

LICENSE NO. 21759

Order issused against Satonya Ford to cease and desist from all mortgage loan brokering activities in Arkansas until properly licensed.

S-08-033-09-CO01
2/23/2009

ROBERT KYLE STEWART

Consent order affirming the cease and desist order entered January 7, 2009, revoking Stewart's registrations as a broker-dealer agent and investment adviser representative, permanently barring Stewart from seeking such registrations in Arkansas, and imposing a $5,000 fine against Stewart.

C-08-070-09-CO01
2/13/2009

DARTMOUTH CAPITAL, LLC d/b/a SAFEDINAR.COM 

Consent order entered in connection with violations of the Arkansas Uniform Money Services Act pertaining to engaging in the business of currency exchange without being licensed.

09-80008336-OR008
2/12/2009

PLAINVIEW TERRACE APARTMENTS LIMITED PARTNERSHIP

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

09-80008313-OR001
2/3/2009

BLACK SPICE 1, INC.

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

09-80008314-OR002
2/3/2009

BLACK SPICE 2, INC.

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

09-80008318-OR005
2/3/2009

DUCK POND 1, INC.

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

09-80008319-OR006
2/3/2009

DUCK POND 5, INC.

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

09-80008321-OR007
2/3/2009

EARLY TIMES 4, INC.

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

09-80008315-OR003
2/3/2009

BLACK SPICE 3, INC.

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

09-80008316-OR004
2/3/2009

BLACK SPICE 4, INC.

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

C-08-005-09-CD01
1/22/2009

ROBERT CORNELL NICORICI

Order issused against Robert Cornell Nicorici to cease and desist from all mortgage loan brokering activities in Arkansas until properly licensed.

09-90000390-NA002
1/9/2009

MORGAN KEEGAN & COMPANY, INC.

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

S-08-033-09-OR01
1/7/2009

ROBERT KYLE STEWART

Order directing R. Kyle Stewart to cease and desist from the offer and sale of unregistered securities and violations of sales practices and notice of hearing on revocation of Stewart's broker-dealer agent and investment adviser representative registrations.

09-90000389-NA001
1/5/2009

CREWS AND ASSOCIATES, INC.

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


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