Administrative Orders

Year 2021


S-21-0023-21-OR01
10/7/2021

Paul E. Kruit

Order entered by the Arkansas Securities Commissioner approving a limited agent registration.

S-21-0021-21-OR01
9/17/2021

Katie White

Order entered by the Arkansas Securities Commissioner approving a limited agent registration.

S-21-0015-21-OR01
9/15/2021

Ancora Funds - Ancora/Thelan Small-Mid Cap Fund

A Consent Order entered against an issuer of covered securities for a late renewal notice filing.

S-20-0049-21-OR01
9/10/2021

CUNA Brokerage Services, Inc.

A Consent Order issued in connection with the firm's failure to supervise in violation of the Arkansas Securities Act.

S-21-0002-21-0R01
8/10/2021

Element Analytics, Inc.

Consent order entered against an issuer of securities exempt pursuant to Ark. Code Ann. §23-42-504(a)(13) and Rule 504.01(a)(13)(N) for a late filing with the Department. 

S-21-0016-21-OR01
8/4/2021

MyCapitalTradeFX

A cease and desist order directing respondents to stop committing securities fraud in connection with unregistered broker-dealer and investment adviser activity and the offer and sale of securities in Arkansas.

S-21-0017-21-0017-21-OR01
8/2/2021

Maria Elena Carbone Coyne

Order entered by the Arkansas Securities Commissioner approving limited agent registration. 

S-20-0013-20-OR01
6/21/2021

Cetera Investment Services, LLC

A Consent Order issued in connection with the firm’s failure to supervise in violation of the Arkansas Securities Act.

S-20-0026-21-OR01
6/16/2021

David Butler

Order granting David Butler conditional registration as a Broker Dealer Agent with Veritas Independent Partners, LLC.

S-18-0085-21-OR04
5/4/2021

Andrew S. Lee

 A consent order concerning violations of the Arkansas Securities Act including acting as an unregistered investment adviser and material misstatement of fact. Replaces cease and desist order No. S-18-0085-20-OR02.

S-18-0085-21-OR03
5/4/2021

John C. Hamilton

 A consent order concerning violations of the Arkansas Securities Act and the Rules of the Arkansas Securities Commissioner, including acting as an unregistered investment adviser, material misstatement of fact and making an unsuitable recommendation. This order resolves a complaint filed on May 29, 2020. 

S-18-0059-21-OR02
3/22/2021

Security Asset Management/William Barnett

A consent order issued in connection with violations of the Arkansas Securities Act and Rules of the Arkansas Securities Commissioner concerning unsuitable recommendations and other infractions. The summary suspension of registrations issued on March 2, 2021 is lifted for 30 days in order to allow the respondents to assist clients in making other arrangements for their accounts. At the end of the 30-day period, the registrations of the respondents are withdrawn and terminated.

S-19-0046-20-OR03
3/22/2021

Metals.com A/K/A TMTE Inc. A/K/A Chase Metals, Inc. A/K/A Chase Metals, LLC

A Consent Order finalizing a Cease and Desist Order entered against the Respondents on March 9, 2020.  The Consent Order finds that the Respondents provided unregistered investment advice and committed investment adviser fraud in Arkansas and orders that the Respondents stop violating the Arkansas Securities Act.

S-18-0059
3/8/2021

Security Asset Management/William Barnett

An order summarily suspending the registration of Security Asset Management, LLC as an investment adviser and the registration of William Barnett l as an investment adviser representative of Security Asset Management, LLC pending the resolution of a complaint filed against both by the Staff of the Arkansas Securities Department. 

C-21-0003-21-OR01
2/22/2021

ZenPayroll, Inc.

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

S-21-0001-21-OR01
1/12/2021

Arbirate, LLC

A cease and desist order directing the respondent to stop committing securities fraud in connection with unregistered broker-dealer activity and the offer and sale of securities in Arkansas. 

S-21-0000-21-OR01
1/4/2021

Caroline Shenoy

Order entered by the Arkansas Securities Commissioner granting limited agent registration.


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