Administrative Orders

Year 2022


S-22-0018-22-OR01
6/20/2022

Scott D. Achterling

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

S-20-0050-21-OR01
3/29/2022

Church Extension Loan Fund, Inc.

A Consent Order entered concerning the failure to file a proof of exemption pursuant to Ark. Code Ann. Section 23-42-503(a)(7).

S-22-0012-22-OR01
3/29/2022

BlockFi Lending LLC

A Consent Order regarding the sale of unregistered securities and an untrue statement of material fact made in connection with the sale of securities in Arkansas.  BlockFi Lending LLC agreed to pay an administrative fine of $943,396.22 and perform certain undertakings under the Consent Order.

C-21-0030-22-OR06
3/18/2022

Danny Yen d/b/a Real Estate Educational Services, Wendy Yen, and Dat Yen a/k/a Pat Yen

A Consent Order entered against a mortgage education provider in connection with a coordinated mortgage loan office fraud scheme.

S-22-0007-22-OR01
3/9/2022

Deft, a Series of Jason's Syndicate, LLC

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

S-22-0003-22-OR01
3/9/2022

United Pentecostal Church Development Fund, Inc.

A Consent Order entered concerning the failure to timely file a proof of exemption pursuant to Ark. Code. Ann. Section 23-42-503(a)(7).

C-22-0006-22-OR01
3/3/2022

Facebook Pay (USA) Limited

A Cease and Desist Order directing Facebook Pay (USA) Limited to immediately cesae and desist all money transmitter activity in Arkansas until properly licensed.

S-22-0009-22-OR01
3/3/2022

Travis Lee Lowe

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

S-18-0093-22-OR01
2/17/2022

Palm Beach Capital Corp. and John Townshend

A Consent Order through which the Respondents agreed to withdraw their registrations in connection with violations of the Arkansas Securities Act related to unsuitable investment advice and violation of fiduciary duty.

S-21-0009-22-OR02
2/10/2022

True Bullion LLC dba GSI Exchange LLC

A cease and desist order concerning unregistered, fraudulent investment adviser activity conducted in Arkansas. 

S-18-0051-22-OR10
1/24/2022

Chastain Financial, LLC, and Carla Chastain

An Amended Cease and Desist Order that amends S-18-0051-19-OR02 to remove Stephen B. Chastain as a Respondent.

S-18-0051-22-OR12
1/24/2022

Steve Chastain Wealth Management

An Order granting a conditional registration for Steve Chastain Wealth Management as an investment adviser.

S-18-0051-22-OR11
1/24/2022

Chastain Financial, LLC and Carla Chastain

A Consent Order through which Chastain Financial, LLC and Carla Chastain agree to withdraw a hearing request on a Cease and Desist Order and peform certain undertakings.

S-21-0007-22-OR02
1/18/2022

First Class Wealth Preservation, LLC and Joseph Valko

A Cease and Desist Order directing First Class Wealth Preservation, LLC and Joseph Valko to cease and desist from conducting unregistered, fraudulent investment adviser activity in Arkansas..

S-21-0029-21-OR01
1/3/2022

Merrilee Joy Sandy

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


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