Administrative Orders

Year 2013


S-12-0243-13-CO01
12/12/2013

BENJAMIN PAUL MOORE

Consent order entered in connection with violation of Rule 308.01(o), Rules of the Arkansas Securities Commissioner.

S-13-0109-13-OR01
12/2/2013

SAMUEL C. TALBERT

An order granting Samuel C. Talbert conditional registration as a registered representative of Longhorn Capital Management, LLC.

C-13-0093-OR02
11/21/2013

JUDY J. HOOVER-DUGGAN

Cease and desist order entered in connection with unlicensed loan officer activity in violation of the Arkansas Fair Mortgage Lending Act.

S-13-0114-13-OR01
11/18/2013

FWCG OPPORTUNITY FUND, 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.

S-12-0015-13-OR05
11/18/2013

KEVIN MCNAY

Consent order entered in connection with registration violations of the Arkansas Securities Act and the Rules of the Arkansas Securities Commissioner and affirming, as to Kevin McNay, cease and desist order No. S-12-0015-13-OR02 directing the parties to stop the offer and sale of securities in Arkansas in violation of the Act.

S-13-0134-13-OR01
11/18/2013

FARLAND PROJECT

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-13-0093-13-OR01
11/18/2013

WIDE BLUE SKY, INC.

D/B/A LINCOLN MORTGAGE, INC.

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

S-13-0129-13-OR01
11/14/2013

UBS FINANCIAL SERVICES, INC.

Consent order entered in connection with violations of the Arkansas Securities Act.

S-13-0143-13-OR01
11/12/2013

STEPHEN EARL MILLS

Order approving limited agent registration for Stephen Earl Mills.

S-13-0141-13-OR01
11/4/2013

ELLIS SLOAN

Consent order entered in connection with violations of the Arkansas Securities Act.

S-13-0113-13-OR01
10/31/2013

RBC CAPITAL MARKETS, LLC

Consent order entered in connection with violations of the Arkansas Securities Act.

S-13-0127-13-OR02
10/28/2013

NAVEEN K. BHAGWANI

Cease and desist order entered in connection with activity as an unregistered broker-dealer agent in the state of Arkansas, in violation of the Arkansas Securities Act.

S-13-0127-13-OR01
10/24/2013

NSM SECURITIES, INC.

Consent order entered in connection with violations of the Arkansas Securities Act.

C-13-0094-13-OR01
10/11/2013

BILL.COM, INC.

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

S-12-0067-13-OR03
10/10/2013

WILLIAM WAYNE LARUE

Consent order entered in connection with violations of the Arkansas Securities Act and Rules of the Arkansas Securities Commissioner.

S-11-0253-13-OR03
10/10/2013

SUMMIT BROKERAGE SERVICES, INC.

Consent order entered in connection with violations of the Arkansas Securities Act.

C-13-0131-13-OR01
10/1/2013

LICENSURE OF LINDA JANE DENNY

WITH STATE FARM BANK, F.S.B.

Order approving licensure of Linda Jane Denny with State Farm Bank, F.S.B.

S-12-0130-13-OR02
9/30/2013

INTERACTIVE BROKERS, LLC

Consent order entered in connection with violations of the Arkansas Securities Act and Rules of the Arkansas Securities Commissioner.

C-13-0108-13-OR01
9/18/2013

TIGER COMMISSARY SERVICES, INC.

d/b/a TIGER CORRECTIONAL SERVICES, INC.

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

S-12-0015-13-OR04
9/13/2013

ROBERT HENRY

Consent order entered in connection with registration violations of the Arkansas Securities Act and the Rules of the Arkansas Securities Commissioner and affirming, as to Robert Henry, cease and desist order No. S-12-0015-13-OR02 directing the parties to stop the offer and sale of securities in Arkansas in violation of the Act.

S-13-0130-13-OR01
9/6/2013

GARY LEE SCHEER

Order approving a limited agent registration for Gary Lee Scheer.

C-13-0128-13-OR01
9/3/2013

LICENSURE OF ROBERT T. GIST

WITH STATE FARM BANK, F.S.B.

Order approving licensure of Robert T. Gist with State Farm Bank, F.S.B.

S-13-0033-13-OR01
8/30/2013

GLOBAL WEALTH MANAGEMENT

AND CHAD BOLING-LEWIS

Consent order entered in connection with violations of the Arkansas Securities Act and Rules of the Arkansas Securities Commissioner.

S-12-0193-13-OR01
8/28/2013

JUNMO HONG

Consent order entered revoking the registration of Junmo Hong as a broker-dealer agent for violations of the Arkansas Securities Act and the Rules of the Arkansas Securities Commissioner.

S-12-0269-13-OR02
8/27/2013

GT SECURITIES, INC.

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

S-12-0067-13-OR01
8/22/2013

STEPHENS INC.

Consent order entered in connection with violations of the Arkansas Securities Act.

S-13-0107-13-OR01
8/20/2013

LaeRoc 2005-2006 INCOME FUND, 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.

S-13-0104-13-CO01
8/16/2013

DAVID ALAN MULLENAX

Consent order entered into with David Alan Mullenax in connection with Mullenax's recommendations while acting as an investment adviser representative and broker-dealer agent to purchase and hold certain non-traditional exchange traded funds (EFTs) for more than the one-day period for which they were designed.  The order includes findings that the recommendations were unsuitable and in violation of Rules 308.01(d) and 308.02(a), Rules of the Arkansas Securities Commissioner, and Ark. Code Ann. § 23-42-308(a)(2)(G).

S-13-0091-13-OR01
8/2/2013

STONEY RIDGE RANCH, 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.

S-12-0104-13-OR05
7/22/2013

DUNWELL 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.

C-13-0106-13-OR01
7/17/2013

LICENSURE OF KEITH DOUGLAS BROOKS

WITH STATE FARM BANK, F.S.B.

Order approving licensure of Keith Douglas Brooks with State Farm Bank, F.S.B.

C-13-0097-13-OR01
7/11/2013

LICENSURE OF KEVIN RAY BONNETTE

WITH STATE FARM BANK, F.S.B.

Order approving licensure of Kevin Ray Bonnette with State Farm Bank, F.S.B.

C-13-0105-13-OR01
7/11/2013

LICENSURE OF CHARLOTTE BAUMGARDNER POTTS WITH STATE FARM BANK, F.S.B.

Order approving licensure of Charlotte Baumgardner Potts with State Farm Bank, F.S.B.

S-10-0060-13-OR04
7/9/2013

BAMCO GAS, LLC.

ERNEST ANCIN BARTLETT, III;

AND HOWARD MILLER APPEL

Cease and desist order directing the respondents to stop further acts of fraud and deceit in connection with the offer, sale, or purchase of securities in violation of the Arkansas Securities Act, Ark. Code Ann. § 23-42-507(2), stemming from the offer and sale of Bamco Gas, LLC debentures in 2005 and 2008.

S-10-0060-13-OR03
7/9/2013

CREWS & ASSOCIATES, INC.

A consent order entered in connection with Crews & Associates, Inc.’s role as the placement agent for and its sale of debentures issued by Bamco Gas, LLC, finding the following violations of the Arkansas Securities Act, the Rules of the Arkansas Securities Commissioner, and relevant rules of the Financial Industry Regulatory Authority:  1) NASD Conduct Rule 2310 (Recommendations to Customers – Suitability), Ark. Code Ann. § 23-42-308(a)(2)(G), and Rules 308.01(d) and (x) regarding Crews’ failure to conduct a reasonable due diligence investigation into the Bamco debenture offerings, rendering the Bamco debentures not suitable for at least some customers under a reasonable-basis suitability analysis; 2) Ark. Code Ann. § 23-42-308(a)(2)(G) and Rule 308.01(y) for Crews’ failure to disclose certain information about Bamco, Bamco’s control persons, and the Bamco Debentures; and 3) NASD Conduct Rule 3010 (Supervision), Ark. Code Ann. § 23-42-308(a)(2)(G) and (J), and Rule 308.01(x) for failure to enforce a supervisory system reasonably designed to enable Crews and its agents to achieve compliance with applicable securities laws, rules, and regulations in the sale of the Bamco debentures.

C-13-0099-13-OR01
7/3/2013

LICENSURE OF WHITNEY COLESE CRATER

WITH STATE FARM BANK, F.S.B.

Order approving licensure of Whitney Colese Crater with State Farm Bank, F.S.B.

C-13-0102-13-OR01
7/2/2013

LICENSURE OF SETH TEDDER HOLIFIELD

WITH STATE FARM BANK, F.S.B.

Order approving licensure of Seth Tedder Holifield with State Farm Bank, F.S.B.

C-13-0101-13-OR01
6/28/2013

LICENSURE OF KENNY KELLER FORD

WITH STATE FARM BANK, F.S.B.

Order approving the licensure of Kenny Keller Ford with State Farm Bank, F.S.B.

C-13-0100-13-OR01
6/28/2013

LICENSURE OF PATRICK MARK FRIZZELL

WITH STATE FARM BANK, F.S.B.

Order approving licensure of Patrick Mark Frizzell with State Farm Bank, F.S.B.

C-13-0098-13-OR01
6/28/2013

LICENSURE OF JASON WAYNE HARDY

WITH STATE FARM BANK, F.S.B.

Order approving the licensure of Jason Wayne Hardy with State Farm Bank, F.S.B.

S-13-0050-13-OR01
6/27/2013

VIRTUAL PIGGY, 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 a covered security failed to file its Form D with the Department within the required time frame after the first sale in Arkansas.

C-10-052-13-OR01
6/19/2013

QUICKEN LOANS, INC.

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

S-13-0065-13-OR01
6/18/2013

HUNTER SCOTT FINANCIAL, LLC

Consent order entered into for violations of the Arkansas Securities Act concerning the failure to properly disclose handling fees.

S-13-0046-13-OR01
6/11/2013

DW MULTIOP BAKKEN 1, 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 a covered security failed to file its Form D with the Department within the required time frame after the first sale in Arkansas.

S-13-0048-13-OR01
6/11/2013

DW BBX DAVID GLENN 2, 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 a covered security failed to file its Form D with the Department within the required time frame after the first sale in Arkansas.

S-13-0067-13-OR01
6/11/2013

SENSUS HEALTHCARE, 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-13-0082-13-OR01
5/23/2013

DANIEL LEE SCHWIESOW

Order approving a limited registration for Daniel Lee Schwiesow.

C-13-0008-13-OR01
5/20/2013

TOUCHPAY HOLDINGS, LLC

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

C-13-0069-13-OR01
5/13/2013

LICENSURE OF JOEY BRANDON RYBURN

WITH STATE FARM BANK, F.S.B.

Order approving licensure of Joey Brandon Ryburn with State Farm Bank, F.S.B.

S-13-0053-13-OR01
5/13/2013

ONSOMBLE, 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.

C-13-0054-13-OR01
4/29/2013

LICENSURE OF DUANE ALLEN DAVIS, JR.,

WITH STATE FARM BANK, F.S.B.

Order approving the licensure of Duane Allen Davis, Jr., with State Farm Bank, F.S.B.

C-13-0051-13-OR01
4/23/2013

LICENSURE OF JAY PAUL BERNARD,

WITH STATE FARM BANK, F.S.B.

Order approving the licensure of Jay Paul Bernard, with State Farm Bank, F.S.B.

S-12-0015-13-OR02
4/22/2013

VFG, LLC f/k/a VOYAGER FINANCIAL GROUP, LLC, ANDREW GAMBER, KEVIN MCNAY, ROBERT HENRY, and JONATHAN SHEETS

Cease and desist order directing the parties to stop the offer and sale of securities in Arkansas and to refrain from further activity in violation of the Arkansas Securities Act.

S-13-0038-13-OR01
4/5/2013

NEWBRIDGE SECURITIES CORPORATION

CRD NO. 104065

Consent order entered into for violations of the Arkansas Securities Act concerning the failure to properly disclose handling fees.

C-13-0040-13-OR01
4/2/2013

LICENSURE OF LAUREN DOUCET,

WITH STATE FARM BANK, F.S.B.

Order approving licensure of Lauren Doucet with State Farm Bank, F.S.B.

C-13-0037-13-OR01
3/26/2013

LICENSURE OF SERENA SMITH,

WITH STATE FARM BANK, F.S.B.

Order approving licensure of Serena Smith with State Farm Bank, F.S.B.

C-13-0030-13-OR-01
3/12/2013

LICENSURE OF ALEX BALDWIN,

WITH STATE FARM BANK, F.S.B.

Order approving licensure of Alex Baldwin with State Farm Bank, F.S.B.

S-12-0018-13-OR01
2/27/2013

J.D. NICHOLAS & ASSOCIATES, INC. f/k/a

A&F FINANCIAL SECURITIES, INC. and

GREGORY THOMAS DEAN

A consent order entered for failing to comply with federal telemarketing and National Do Not Call Registry restrictions, failing to enforce a system to supervise the activities of broker-dealer agents, and charging customers undisclosed fees, in violation of the Arkansas Securities Act and the Rules of the Arkansas Securities Commissioner.

S-13-0012-13-OR01
2/26/2013

BREITLING OIL and GAS CORPORATION

Consent order entered in connection with a filing violation of the Arkansas Securities Act and Rules of the Arkansas Securities Commissioner as 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-11-0394-13-OR03
2/25/2013

R.D. MEYERS DEVELOPMENT, INC.

and RODNEY MEYERS

Cease and desist order directing the respondents to stop the offer and sale of unregistered securities in Arkansas and to refrain from committing fraud or deceit in connection with the offer or sale of any security in Arkansas.

S-11-0302-13-OR02
2/21/2013

MONEY IN THE BANK, INC., SUN VEST, LLC, and

JAMES B. BANNING

Cease and desist order entered in connection with the sale of unregistered securities through the use of misleading statements.

C-13-0013-13-OR01
2/19/2013

LICENSURE OF SHAWN CHAFIN

WITH STATE FARM BANK, F.S.B.

Order approving licensure of Shawn Chafin with State Farm Bank, F.S.B.

S-11-0299-13-OR03
2/14/2013

MICHEAL D. MUNSON

Consent order entered revoking registration as a broker-dealer agent for violations of the Arkansas Securities Act and the Rules of the Arkansas Securities Commissioner.

S-13-0007-13-OR01
2/13/2013

BAKERS ASSOCIATES I, 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-13-0011-13-OR-01
2/5/2013

LICENSURE OF JACOB F. HAMBLETON,

WITH STATE FARM BANK, F.S.B.

Order approving licensure of Jacob F. Hambleton with State Farm Bank, F.S.B.

S-12-0102-12-OR01
2/5/2013

BRETT IAN FRIEDBERG

A consent order entered in connection with violations of the Arkansas Securities Act.

C-13-0009-13-OR-01
1/29/2013

LICENSURE OF CLAY COMBS,

WITH STATE FARM BANK, F.S.B.

Order approving licensure of Clay Combs with State Farm Bank, F.S.B.

C-13-003-13-OR01
1/28/2013

DEVAL, LLC

Consent order entered concerning unlicensed mortgage loan servicing activity in violation of the Arkansas Fair Mortgage Lending Act.

 

S-13-0006-13-OR01
1/18/2013

KIMBERLY ANN BITTNER

Order approving a limited agent registration for Kimberly Ann Bittner with the Solomon Fund.

S-13-0005-13-OR01
1/16/2013

HEIDI SUE HAVENS

Order approving a limited agent registration for Heidi Sue Havens

S-12-0191-13-OR01
1/15/2013

SALIENT ZARVONA ENERGY FUND, 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-13-0004-13-OR01
1/8/2013

LICENSURE OF JONATHAN HOOKS,

WITH STATE FARM BANK, F.S.B.

Order approving licensure of Jonathan Hooks with State Farm Bank, F.S.B.

C-12-0248-13-OR01
1/2/2013

DAS ACQUISITION COMPANY, LLC

A consent order in connection with violations of the Arkansas Fair Mortgage Lending Act.


< back to year select
 

contact us

Telephone: (501) 324-9260
Facsimile: (501) 324-9268
Hotline: (800) 981-4429
info@securities.arkansas.gov
Browse the ASD Contact Directory
search license database