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.
Andrew S. Lee
05/04/2021
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.
Security Asset Management/William Barnett
03/22/2021
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 At the end of the 30-day period, the registrations of the respondents are withdrawn and terminated.
Metals.com A/K/A TMTE Inc. A/K/A Chase Metals, Inc. A/K/A Chase Metals, LLC
03/22/2021
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.
Security Asset Management/William Barnett
03/08/2021
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.
ZenPayroll, Inc.
02/22/2021
Consent order entered in connection with unlicensed money transmission activity in violation of the Arkansas Money Services Act.
Arbirate, LLC
01/12/2021
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.
Caroline Shenoy
01/04/2021
Order entered by the Arkansas Securities Commissioner granting limited agent registration.
Nationstar Mortgage LLC, d/b/a Mr. Cooper
12/07/2020
Settlement Aggrement and Consent Order entered with Nationstar Mortgage LLC, d/b/a Mr. Cooper for allegations of misconduct related to Mr. Cooper’s mortgage origination and servicing practices constituting a violation of the Fair Mortgage Lending Act and the Rules of the Fair Mortgage Lending Act.