Administrative Orders

Year 2010


S-09-024-10-OR14
12/28/2010

GOLDMAN, SACHS & CO.,

Consent order entered in connection with Goldman, Sachs & Co., in settlement of an investigation into the auction rate securities market activities of Goldman Sachs and where Goldman Sachs agreed to buy back auction rate securities from Arkansas investors and pay a fine.

S-10-0102-10-OR01
12/22/2010

CAREVIEW COMMUNICATIONS, INC.

Consent order entered in connection with a filing violation of the Arkansas Securities Act and Rules of the Arkansas Securities Commissioner as a notice filer for covered securities failed to file its Form D with the Department within the required time frame after the first sale in Arkansas.

S-10-0149-10-OR01
12/17/2010

RACHEL EINFELDT

Order approving limited agent registration for Rachel Einfeldt with National Covenant Properties.

C-10-0094-10-OR01
12/6/2010

UNITED-BILT HOMES, L.L.C.

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

S-10-0106-10-OR01
12/6/2010

CROWN EXPLORATION, LTD.

Consent order entered in connection with a filing violation of the Arkansas Securities Act and Rules of the Arkansas Securities Commissioner as a notice filer for covered securities failed to file its Form D with the Department within the required time frame after the first sale in Arkansas. 

S-08-024-10-OR02
11/23/2010

MICHAEL HART HORNIBROOK

A consent order in which the respondent is found to have sold unregistered securities and acted as an unregistered agent of the issuer.  The respondent, Michael Hart Hornibrook, is ordered to cease and desist from such activities until and unless the securities are registered or exempt from registration and he is registered or exempt from registration.  In an undertaking that is part of the order Hornibrook agrees not to seek registration as an agent of the issuer or the agent of a broker-dealer for a period of two (2) years from the date of the order unless his employer agrees to on-site, heightened supervision.

S-09-024-10-OR13
11/16/2010

UBS SECURITIES, LLC and

UBS FINANCIAL SERVICES, INC.

Consent order entered in connection with UBS Securities, LLC and UBS Financial Services, Inc. in settlement of an investigation into the auction rate securities market activities of UBS and where UBS agreed to buy back auction rate securities from Arkansas investors and pay a fine.

C-10-0085-10-OR01
11/16/2010

BUDGET PREPAY, INC.

Consent order entered in connection with unlicensed money services activity in violation of the Arkansas Money Services Act.

01-168-S-10-OR02
11/15/2010

REX ROBERTSON

A consent order finding that Rex Robertson offered or sold unregistered securities while acting as an unregistered agent of the issuer and ordering Robertson to cease and desist from all such activities unless and until he is properly registered as an agent of the issuer and the securities being offered or sold are properly registered or exempt from registration.

C-10-142-10-OR01
11/9/2010

COMMUNITY HOME FINANCIAL SERVICES, INC.

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

S-10-137-10-OR01
11/4/2010

COKER & PALMER

Consent order entered in connection with unlicensed activities in violation of the Arkansas Securities Act.

S-09-059-10-OR01
11/1/2010

CARR MILLER CAPITAL, LLC; CAPITAL MARKETS ADVISORY, LLC, f/k/a CARR MILLER CAPITAL INVESTMENTS, LLC; EVERETT CHARLES FORD MILLER; and BRIAN PATRICK CARR

A cease and desist order finding that Carr Miller Capital, LLC (CMC), and Everett Charles Ford Miller violated the Arkansas Securities Act by offering and selling unregistered securities and Capital Markets Advisory, LLC, and Brian Patrick Carr violated the Arkansas Securities Act by acting as an unregistered broker-dealer and selling CMC's unregistered securities for a commission.  All respondents are ordered to cease and desist all such activities in the state unless and until all securities and persons offering and selling the securities are properly registered or exempt from registration.

S-10-0087-10-OR01
10/26/2010

OIL2 HOLDINGS, INC.

Consent order entered in connection with a filing violation of the Arkansas Securities Act and Rules of the Arkansas Securities Commissioner as a notice filer for covered securities failed to file its Form D with the Department within the required time frame after the first sale in Arkansas.

S-09-024-10-OR12
10/19/2010

STIFEL, NICOLAUS & COMPANY, INC.

Consent order entered in connection with Stifel, Nicolaus & Company, Inc. in settlement of an investigation into Stifel's auction rate securities market activities where Stifel agreed to buy back auction rate securities from Arkansas investors and pay a fine.

S-09-023-10-OR02
10/12/2010

BRYANT INVESTMENT COMPANY

Consent order resolving sale of unregistered securities violations.

C-10-0084-10-OR01
10/8/2010

AMERICAN EXPRESS PREPAID CARD MANAGEMENT CORPORATION

Consent order entered in connection with unlicensed money services activity in violation of the Arkansas Money Services Act.

S-09-024-10-OR11
9/23/2010

WELLS FARGO INVESTMENTS, LLC

Consent order in connection with Wells Fargo Investments, LLC in settlement of an investigation into Wells Fargo's auction rate securities market activities where Wells Fargo agreed to buy back auction rate securities from Arkansas investors and pay a fine. 

C-10-135-10-OR01
9/23/2010

EXPERT FINANCIAL SERVICES, INC.

AND RICK WHITE, SR.

Order directing Expert Financial Services, Inc. and Rick White, Sr. to immediately cease and desist from all mortgage loan activity in Arkansas until properly licensed.

S-10-0082-10-OR01
9/17/2010

SLC CAPITAL PARTNERS, L.P.

Consent order entered in connection with a filing violation of the Arkansas Securities Act and Rules of the Arkansas Securities Commissioner as a notice filer for covered securities failed to file its Form D with the Department within the required time frame after the first sale in Arkansas.

C-09-072-10-OR01
9/13/2010

SOLUTION SOURCE, LLC

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

S-10-0078-10-OR01
9/10/2010

HENRY LAND & TIMBER, LLC 

Order waiving certain conditions under Ark. Code Ann. § 23-42-504(A)(9).

C-10-115-10-OR01
9/3/2010

UNITED FIDELITY FUNDING CORPORATION, LUTHER A. REED, MARTHA Y. EHLEN

Consent order entered in connection with unlicensed mortgage loan officers and branches in violation of the Arkansas Fair Mortgage Lending Act.

C-10-165-10-OR01
9/1/2010

WILLOW BEND MORTGAGE COMPANY

Consent order entered in connection with Willow Bend Mortgage Company's late filing of an annual report with the Department.

S-10-0066-10-OR01
8/31/2010

AGENT AND PRINCIPAL OF A BROKER-DEALER REGISTRATIONS

Order Limiting Agent and Principal of a Broker-Dealer Registrations to the Scope of the Examination

C-10-0035-10-OR01
8/23/2010

FREEDOM MORTGAGE CORPORATION

Consent order entered in connection with unlicensed branch activity by Freedom Mortgage Corporation.

C-10-138-10-OR02
8/16/2010

ALLEN MORTGAGE, LLC

Consent order entered in connection with Allen Mortgage LLC's late filing of an annual report with the Department.

C-10-0057-10-OR01
8/16/2010

ARIA & ASSOCIATES, INC. "AMERICAN LOAN ASSISTANCE AND ALEX CORTEZ

Cease and desist order stopping unlicensed and misleading or deceptive mortgage loan activity.

C-10-184-10-OR01
7/30/2010

RELIEF LAW CENTER D/B/A USA LOAN AUDITORS

An order directing Relief Law Center d/b/a USA Loan Auditors to cease and desist from engaging in unlicensed solicitation to modify or renegotiate an Arkansas resident's mortgage loan.

S-10-0052-10-OR01
7/30/2010

LEXINGTON KEYSTONE FUND, LLC

Consent order entered in connection with a filing violation of the Arkansas Securities Act and Rules of the Arkansas Securities Commissioner as a notice filer for covered securities failed to file its Form D with the Department within the required time frame after the first sale in Arkansas.

S-09-059-10-OR03
7/29/2010

ROBERT E. BRAGG

Consent order entered in connection with violations of the Arkansas Securities Act and Rules of the Arkansas Securities Commissioner for effecting transactions in unregistered securities; effecting transactions as an unregistered broker-dealer or agent; and refrain from acting as an unregistered investment adviser.

S-09-059-10-OR02
7/29/2010

SAMUEL C. TALBERT

Consent order entered in connection with violations of the Arkansas Securities Act and Rules of the Arkansas Securities Commissioner for effecting transactions in unregistered securities; effecting transactions in securities as an unregistered broker-dealer or agent; and refrain from acting as an unregistered investment adviser.

C-10-0031-10-CO01
7/26/2010

EVERETT FINANCIAL, INC. d/b/a SUPREME LENDING

Consent order entered in connection with unlicensed mortgage loan officers and branches in violation of the Arkansas Fair Mortgage Lending Act.

C-09-076-10-CO01
7/22/2010

W.R. STARKEY MORTGAGE, LLP

JASON JAMES CREE, and

ROBERT EDWIN STAVELY

Consent order entered in connection with unlicensed mortgage loan officers and branches in violation of the Arkansas Fair Mortgage Lending Act.

S-10-0053-10-OR01
7/21/2010

ULTIMATE ESCAPES, INC.

Consent order entered in connection with a filing violation of the Arkansas Securities Act and Rules of the Arkansas Securities Commissioner as a notice filer for covered securities failed to file its Form D with the Department within the required time frame after the first sale in Arkansas.

S-10-185-10-CD01
7/14/2010

KEITH R. WINGAD

TAATS and TAATS3

An order directing Keith R. Wingad to cease and desist acting as an unregistered investment adviser and offering and selling unregistered securities in the form of investments in the TAATS and TAATS3 partnerships.

S-10-053-10-OR01
7/9/2010

MITCHUM TAPSON

Order granting conditional registration of Mitchum W. Tapson to be registered as an investment adviser representative for St. Bernard Financial Services, Inc.

S-10-0041-10-OR01
7/8/2010

TRUMARX DATA PARTNERS, INC.

Consent order entered in connection with a filing violation of the Arkansas Securities Act and Rules of the Arkansas Securities Commissioner as a notice filer for covered securities failed to file its Form D with the Department within the required time frame after the first sale in Arkansas.

S-10-0037-10-OR01
7/6/2010

SHARED PERFORMANCE, LLC

Consent order entered in connection with a filing violation of the Arkansas Securities Act and Rules of the Arkansas Securities Commissioner as a notice filer for covered securities failed to file its Form D with the Department within the required time frame after the first sale in Arkansas.

S-10-051-10-CO01
6/30/2010

APPLE TREE ASSET MANAGEMENT, INC.

Consent order addressing investment adviser violations by Steve Kiefer and Apple Tree Asset Management, Inc.

S-10-181-10A-OR01
6/28/2010

JACKSON MODERATE PORTFOLIO, LP

Consent order entered in connection with a filing violation of the Arkansas Securities Act and Rules of the Arkansas Securities Commissioner as a notice filer for covered securities failed to file its Form D with the Department within the required time frame after the first sale in Arkansas.

S-10-0030-10-OR01
6/24/2010

BROOKLINE ZIOPHARM INVESTMENT FUND, LLC

Consent order entered in connection with a filing violation of the Arkansas Securities Act and Rules of the Arkansas Securities Commissioner as a notice filer for covered securities failed to file its Form D with the Department within the required time frame after the first sale in Arkansas.

C-10-048-10-CO01
6/14/2010

NATIONWIDE MORTGAGE CONCEPTS, LLC

Consent order concerning violations of the Arkansas Fair Mortgage Lending Act involving misleading and deceptive adverstising.

C-10-049-10-CD01
6/2/2010

TOM D. FLORES

Order directing Tom D. Flores to immediately cease and desist from all mortgage loan activity in Arkansas until properly licensed.

C-09-040-10-CO01
5/26/2010

OVERLAND MORTGAGE CORPORATION AND OVERLAND MORTGAGE MORTGAGE CORPORATION D/B/A HALL OF FAME FINANCIAL

AND TERRY G. WILLIAMS

Consent order entered in connection with multiple violations of the Arkansas Fair Mortgage Lending Act and the Rules of the Arkansas Fair Mortgage Act.

S-09-002-10-CO03
5/20/2010

JOHN R. TURBEVILLE

Consent order concering multiple violations of the Arkansas Securities Act and Rules of the Arkansas Securities Commissioner by John R. Turbeville.

S-10-034-10-CO01
5/18/2010

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED

Consent order in connection with Merrill Lynch, Pierce, Fenner & Smith Incorporated in a settlement of an investigation into the registration of Merrill Lynch Client Associates and Merrill Lynch's supervisory system with respect to the registrations of Client Associates.

S-10-134-10-OR01
5/17/2010

REGISTRATION OF MICHAEL C. IHRIE WITH

CALTON & ASSOICATES, INC.

Order approving limited agent registration for Micheal C. Ihrie with Calton & Assoicates, Inc.

S-010-132-10-CO01
5/11/2010

VADDA ENERGY CORP.

Consent order entered in connection with a filing violation of the Arkansas Securities Act and Rules of the Arkansas Securities Commissioner as a notice filer for covered securities failed to file its Form D with the Department within the required time frame after the first sale in Arkansas.

S-09-068-10-CD01
5/11/2010

P-R-E, LLC d/b/a PHOENIX RENEWABLE ENERGY

and STEPHEN R. WALKER

An order entered directing P-R-E, LLC d/b/a Phoenix Renewable Energy and Stephen R. Walker to stop soliciting and selling securities in violation of the Arkansas Securities Act.

S-09-002-10-CO02
5/4/2010

CONCERT WEALTH MANAGEMENT, INC.

Consent order entered in connection with violations of the Arkansas Securities Act concerning solicitation letters sent prior to the registration of a registered representative of Concert Wealth Management, Inc.

S-09-024-09-CO08
4/16/2010

CREDIT SUISSE SECURITIES (USA) LLC

Consent order entered in connection with Credit Suisse Securities (USA) LLC in settlement of an investigation into Credit Suisse's auction rate securities market activities where Credit Suisse agreed to buy back auction rate securities from Arkansas investors and pay a fine.

CS-10-055-10-CO01
4/15/2010

METAVANTE PAYMENT SERVICES, LLC

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

C-10-050-10-CO01
4/6/2010

MERIDIAN INVESTMENTS, INC.

d/b/a MERIDIAN MORTGAGE

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

S-10-006-10-CO01
4/5/2010

LACUNA HEDGE FUND LLLP

Consent order entered in connection with violations of the Arkansas Securities Act pertaining to the SEC investment advisory firm's failure to notice file and failure to register representatives, with an agreement to pay a fine.

S-10-007-10-CO01
4/5/2010

LACUNA VENTURE FUND, LLLP

Consent order entered in connection with violations of the Arkansas Securities Act pertaining to the SEC investment advisory firm's failure to notice file and failure to register representatives, with an agreement to pay a fine.

S-09-002-10-CO01
4/1/2010

MERRILL LYNCH & PIERCE, FENNER & SMITH INCORPORATED

Consent order in settlement of violations of the Rules of the Arkansas Securites Commissor by Merrill Lynch & Pierce, Fenner & Smith Incorporated concerning Merrrill Lynch's failure to detect and prevent violations committed by its employee.

S-09-024-10-CO09
3/25/2010

MORGAN STANLEY & CO. INCORPORATED

Consent order entered in connection with Morgan Stanley & Co. Incorporated in settlement of an investigation into Morgan Stanley's auction rate securities market activities where Morgan Stanley agreed to buy back auction rate securities from Arkansas investors and pay a fine.

S-09-024-09-CO02
3/19/2010

CITIGROUP GLOBAL MARKETS, INC.

Consent order entered in connection with Citigroup Global Markets, Inc. in settlement of an investigation into Citigroup's auction rate securities market activities where Citigroup agreed to buy back auction rate securities from Arkansas investors and pay a fine.

C-10-041-10-CO01
3/17/2010

FIRST ARKANSAS FINANCIAL, INC.

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

S-09-024-09-CO01
3/16/2010

WACHOVIA SECURITIES, LLC AND

WACHOVIA CAPITAL MARKETS, LLC

Consent order entered in connection with Wachovia Securities, LLC and Wachovia Capital Markets, LLC in settlement of an investigation into Wachovia's auction rate securities market activities where Wachovia agreed to buy back auction rate securities from Arkansas investors and pay a fine.

S-10-040-10-CO01
3/15/2010

BROOKSTONE SECURITIES, INC.

Consent order entered in connection with violations of the Arkansas Securities Act pertaining to an unregistered branch in Arkansas.

S-010-005-10-CO01
3/8/2010

DECISION SCIENCES CORPORATION

Consent order entered in connection with a filing violation of the Arkansas Securities Act and Rules of the Arkansas Securities Commissioner as a notice filer for covered securities failed to file its Form D with the Department within the required time frame after the first sale in Arkansas.

S-10-036-10-CO01
2/17/2010

ST. BERNARD FINANCIAL SERVICES, INC.;

ROBERT KEENAN; EARL WENIGER;

DAVID CRAIN; and MIKE MEADERS

Consent order entered in connection with violations of the Arkansas Securities Act pertaining to the SEC investment advisory firm's failure to notice file and failure to register representatives, with an agreement to pay a fine.

S-09-024-09-CO04
2/12/2010

BANC OF AMERICA SECURITIES LLC and

BANC OF AMERICA INVESTMENT SERVICES, INC.

Consent order entered in connection with Banc of America Securities LLC and Banc of America Investment Services, Inc. in settlement of an investigation into Banc of America's auction rate securities market activities where Banc of America agreed to buy back auction rate securities from Arkansas investors and pay a fine.

S-09-024-09-CO06
2/11/2010

JPMORGAN CHASE & CO.

Consent order entered in connection with JPMorgan Chase & Co. ("JPMorgan")  in settlement of an investigation into JPMorgan's auction rate securities market activities where JPMorgan agreed to buy back auction rate securities from Arkansas investors and pay a fine.

C-10-037-10-OR01
2/3/2010

ARKANSAS FAIR MORTGAGE LENDING ACT, ARK. CODE ANN. § 23-39-506(a)(2)

Order prescribing the process and form for the annual mortgage activity report.

C-09-078-10-CO01
2/2/2010

ENVISION LENDING GROUP, INC.

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

C-08-082-10-CD01
2/2/2010

GREENLEAF COMPANIES, LLC

Order directing Greenleaf Companies, LLC, to cease and desist from all mortgage loan servicing activity in Arkansas until properly licensed.

C-09-063-10-CO01
1/26/2010

DISCOUNT MORTGAGE RELIEF

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

S-09-080-09-CI01
1/19/2010

WILLIAM C. SOWELL IV

Consent order entered in connection with violations of the Arkansas Securities Act pertaining to a SEC investment advisory firm's failure to register a state registered investment adviser representative, a finding of unregistered activity by the representative, and an agreement to pay a fine.

S-09-024-09-CO07
1/13/2010

DEUTSCHE BANK SECURITIES INC.

Consent order entered in connection with Deutsche Bank Securities, Inc. ("DBSI") in settlement of an investigation into DBSI's auction rate securities market activities where DBSI agreed to buy back auction rate securities from Arkansas investors and pay a fine. 

C-08-034-OR01
1/12/2010

STEPHANIE MICHELLE STALBAUM

Consent order entered in connection with violations of the Arkansas Fair Mortgage Lending Act pertaining to a branch manager's failure to exercise reasonable skill, care, and diligence in supervision of employees.

S-09-024-09-CO03
1/8/2010

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED

Consent order entered in connection with Merrill Lynch, Pierce, Fenner & Smith Incorporated in settlement of an investigation into Merrill Lynch's auction rate securities market activities where Merrrill Lynch agreed to buy back auction rate securities from Arkansas investors and pay a fine.

C-09-079-09-CO01
1/6/2010

BANKS & ASSOCIATES d/b/a

BA CONSULTANTS

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


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