Administrative

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.

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

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.

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.

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.

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.

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

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

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.