Administrative

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

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 concerning violations of the Arkansas Fair Mortgage Lending Act involving misleading and deceptive advertising.

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

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

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.