Consent order entered in connection with violations of the Arkansas Fair Mortgage Lending Act pertaining to a branch manager’s failure to exercise reasonable skill, care, and diligence in supervision of employees.
MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED
01/08/2010
Consent order entered in connection with Merrill Lynch, Pierce, Fenner & Smith Incorporated in settlement of an investigation into Merrill Lynch’s auction rate securities market activities where Merrill Lynch agreed to buy back auction rate securities from Arkansas investors and pay a fine.
BANKS & ASSOCIATES d/b/a BA CONSULTANTS
01/06/2010
Consent order entered in connection with violations of the Arkansas Fair Mortgage Lending Act pertaining to unlicensed mortgage loan activity.
GRIFFIN FINANCIAL MORTGAGE, LLC ROBERT GRIFFIN, II AND ROSALYN RICHARDS
12/30/2009
Consent order entered in connection with violations of the Arkansas Fair Mortgage Lending Act pertaining to unlicensed mortgage loan activity.
RBC CAPITAL MARKETS CORPORATION
12/21/2009
Consent order entered in connection with RBC Capital Corporation (“RBC”), a subsidiary of Royal Bank of Canada, in settlement of an investigation into RBC’s auction rate securities market activities where RBC agreed to buy back auction rate securities from Arkansas investors and pay a fine.
SOUTHWEST FUNDING, LP MARCUS LIONEL DODSON
12/18/2009
Consent order entered in connection with violations of the Arkansas Fair Mortgage Lending Act pertaining to unlicensed mortgage loan activity.
OBOPAY, INC.
12/18/2009
Consent order entered in connection with a violation of the Arkansas Uniform Money Services Act pertaining to an untimely filing with the Department.
SISTERS OF MERCY OF THE AMERICAS, INC.
12/15/2009
Order exempting securities issued by Sisters of Mercy of the Americas, Inc. pursuant to Ark. Code Ann. § 23-42-503(a)(9).
FIRST UNIVERSAL LENDING, LLC
12/15/2009
Order directing First Universal Lending, LLC to immediately cease and desist from all mortgage loan activity in Arkansas until properly licensed.