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Securities Administrative Orders Issued - 2012

Signed copies of  Petitions for Order and Orders associated with the following persons or entities are available in the PDF format.


See the Archives below.


BAJRAM RUSHITI, a/k/a BRIAN RUSHITI - Case No. S-223843 (EX) – Summary Cease & Desist Order was issued for violation of Wis. Stat. §551.501(2) for misrepresentation and omission of material facts in the sale of securities in Wisconsin. Bajram Rushiti a/k/a Brian Rushiti also offered and sold unregistered securities to a person in Wisconsin in violation of Wis. Stat. §551.201.

Orders were issued on December 5, 2012


 

VP, Inc., Jeff Willis Schuckers, Jordan Caleb Fletcher and Don Hudson - Case No. S-225799(EX) -Cease & Desist Orders (Consent) were issued for violations of §§ 551.301 and 551.402, Wis. Stats., by the offer and sales of unregistered securities by an unregistered agent in Wisconsin.

Orders were issued on November 5, 2012


 

United States Energy Corporation, Glenn Leroy Hoppes, Joseph Hilton,p/k/a Joseph Yurkin, and Daniel Joseph O'Laughlin - Case No. S-221734(EX). Respondents consented to a Cease and Desist Order issued by the Administrator alleging violations of Wis. Stat. § 551.402 by all Respondents (acting as a securities agent without registration or employing an unregistered agent) and of Wis. Stat. § 551.501(2) by Respondents United States Energy Corporation, Hoppes and Hilton.

Orders were issued on November 5, 2012


 

BIRKELBACH INVESTMENT SECURITIES, INC. – Case No. S-226465 - Order of Cancellation of broker-dealer registration issued pursuant to Wis. Stat. § 551.412 and Wis. Admin. Code § DFI-Sec. 4.09.

Orders were issued on August 15, 2012



Kevin G. Kolz – Case No. S-224801(LX) – Order of Bar (Summary) was issued for misrepresentation and omissions for failure to disclose outside business activity. This order is a permanent bar from future registration in Wisconsin effective upon the date of issue.


Orders were issued on October 10, 2012



DANIEL R. CAMINITI – Case No. 216123(EX) Cease and Desist Order was issued for violation of Wis. Stat. §551.501(3) by engaging in an act, practice or course of business which operates or would operate as a fraud or deceit upon any person in connection with the offer and sale of unregistered securities.

Orders were issued on August 8, 2012



BANKERS LIFE AND CASUALTY COMPANY AND BLC FINANCIAL SERVICES, INC. and ProEQUITIES, INC – Case No. S-225316(EX) - One of a series of similar Consent Administrative Orders negotiated by NASAA based on activity Bankers Life and Casualty Company and BLC Financial Services Inc. as broker-dealers and investment advisers without being registered, exempt from registration, or a federal covered investment adviser and associating with agents and investment adviser representatives who were not registered on behalf of Bankers Life and Casualty Company and BLC Financial Services Inc. Order imposes monetary penalties and supervision by a NASAA member.

Orders were issued on July 13, 2012



FORTECO TRADING, LTD., MACROTRADE.COM and JOSEPH MEYER – Case No. S-224516(EX) - Cease and Desist Orders were issued for violation of Wis. Stat. § 551.30 by offering and selling unregistered securities in Wisconsin, and of Wis. Stat. § 551.501(3) by engaging in an act, practice or course of business that operates or would operate as a fraud or deceit upon any person.

Orders were issued on July 9, 2012



ENVIT CAPITAL, LLC f/k/a ENVIT CAPITAL GROUP, INC., f/k/a FORTEL, INC., d/b/a ENVIT CAPITAL HOLDINGS, INC., EDWARD M. LABORIO, and MASTER S. MAYS – Case No. S-222297(EX) - Cease & Desist Order was issued due Envit Capital Holdings and the respondents for selling unregistered securities in WI. Laborio and Envit employed an unlicensed agent to represent them. Mays was not licensed as a securities agent to do business in WI. All are violations of WI Stats.

Orders were issued on July 2, 2012



HELMUTH INVESTMENTS, LLC – Case No. S-225744 - Based upon the action taken by the State of IL to cancel Helmuth Investments, LLC registration as an investment advisor, we find it necessary to do the same in public interest. The state of IL finds that any registration or applicant for registration that is no longer in business as a dealer or cannot be located after reasonable search, may by order cancel the registration or application.

Orders were issued on June 28, 2012



WINDSOR ASSET MANAGEMENT LLC – Case No. S-225733(LX) - Windsor Asset Management, LLC applied to DFI to become registered as an investment adviser in WI. Between Nov. 29, 2011 and the present date, the staff of DFI have requested numerous times, for additional information to complete their application. To date there has been no response to any of their means of correspondence. A message was left telling them their application must be withdrawn by Fri., June 22, 2012 or an order would be issued denying their application. They have neither completed the application nor withdrawn their registration application. This is cause to deny registration as an investment adviser.

Orders were issued on June 28, 2012



HANDLETON MANAGEMENT SERVICES TRUST and MICHAEL K. MULLEN – Case No. S-209700(EX) - Handleton Management Services Tr. Is not listed as a registered entity with the Securities Commission of the Bahamas, yet they offer high yield investment programs. A WI person has invested with them and is unable to obtain a return of her principal from their agent.

Orders were issued on June 25, 2012



STEEL CAPITAL, INC. – Case No. S-219383(EX) - Wis. Stat. 551.401(3) was violated by employing an unregistered agent to represent the Co. in WI. Misleading statements were made. False representation in connection with an offer and sale of a security to a person in WI. They tried to get additional funds for a company that did not exist.

Orders were issued on June 18, 2012



DA-VI NAILS INTERNATIONAL, LLC, DAVI NAILS SALON and SPA, LLC, DAVID TRUONG, VI TRUONG CAO and VIET PHAM – Case No. S-216555(FX) - Section 553.41(3) was violated by offering & selling a franchise when no such entity exists (Da-Vi Nails, Inc.). 553.27(4), Wis. Stats. Was violated for accepting franchise fee payments before providing franchisee with a copy of disclosure document & agreement within a 14 day period prior to payment.

Orders were issued on June 18, 2012



MORGAN ASSET MANAGEMENT, INC., and MORGAN KEEGAN & COMPANY, INC. – Case No. S-221180(EX) - A Consent Order was issued to both companies for being in violation of §551.34(l)(b) and (g), Wis. Stats. by selling unregistered securities through unregistered agents, to Wisconsin investors.

Orders were issued on June 5, 2012



James Joel Albright Jr. – Case No. S-223065 - James Albright Jr. is assoc. with a broker-dealer as a non-registered fingerprint person. The Respondent has consented to permanent bar from future registration in WI as an investment adviser, investment adviser representative, a broker-dealer agent, and an agent for issue. He has decided not to contest the issuance.

Orders were issued on May 30, 2012



WINDOW WORLD, INC. – Case No. S-221138(FX) - Window World was not registered to sell Franchises in WI. Licensees were not provided with required Franchise disclosure document prior to time they entered into agreements with Licensees.

Orders were issued on May 17, 2012



MORGAN FINANCIAL SERVICES LLC aka THE WINTHORPE MORGAN GOUP LLC, JULIO JALIL and ROSEMARY SALVEGGI – Case No. 209696(EX)- Petition for Order was issued for violation of §551.21 and § 551.31, Wis. Stats., by offering and selling unregistered securities by an unregistered agent in Wisconsin.

Orders were issued on April 27, 2012



E*TRADE SECURITIES LLC – Case No. S-222649(EX) - Consent Administrative Orders negotiated by a NASAA task force involving failure to supervise sales of Auction Rate Securities to their customers and providing remedies to public investors nationally and monetary penalties to states, including WI.

Orders were issued on April 16, 2012



GENADI YAGODAYEV, MARC SIMMONS and ROCKFORD FUNDING GROUP LLC – Case No. 222294(EX) – Petition For Order and Cease & Desist Order (Summary) against Genadi Yagodeyev, Marc Simmons & Rockford Funding Group LLC for the offer and sale of unregistered securities in violation of § 551.301, Wis. Stats., transacting business as an unregistered broker-dealer and unregistered securities agent in violation of § 551.401, Wis. Stats., and engaging in an act, practice or course of business which operates or would operate as a fraud or deceit on another person in connection with the offer and sale securities in Wisconsin.

Orders were issued on February 27, 2012



Raymond James & Associates, Inc., and Raymond James Financial Services, Inc. - Case No. S-220238(EX). One of a series of similar Consent Administrative Orders negotiated by NASAA involving sales by a number of national brokerage firms of Auction Rate Securities to their customers using erroneous claims that the ARS were as liquid as money market funds, thus violating dishonest business practice and failure to supervise licensing rules. Firms repurchased the ARS from public investors nationally, and paid monetary penalties to states, including WI.

Orders were issued on February 23, 2012


 

DOUBLE-UP PROMOTIONS, INC. and BRIAN M. MICHAUD in File S-223646 (EX) Summary Cease and Desist Orders were issued for violation of Wis. Stat. §551.501(2) for misrepresentation and omission of material facts in the sale of a security.

Orders were issued on September 24, 2012


 

TREVOR G COOK, PATRICK J KILEY, OXFORD GLOBAL PARTNERS LLC, OXFORD GLOBAL ADVISORS LLC AND UNIVERSAL BROKERAGE FX MANAGEMENT LLC – Case No. S-210123 (EX)– Summary Order of Prohibition and Revocation was issued for violations of §551.21(1) and §551.41(2) , Wis. Stats., for misrepresentation in the offer and sale of unregistered securities.

Orders were issued on January 27, 2012



HOLLAND FINANCIAL SERVICES LLC – – Case No. S-222961-LX - Petition for Order and Order of Suspension of Investment Adviser Registration, Conditions and Late Filing Fee issued against Holland Financial Services LLC for repeated disregard for the registration requirements of Chapter 551, Wis. Stats., knowingly submitting unfunded payments for registration fees and conducting business as an investment adviser while in violation of the registration requirements.

Orders were issued on January 26, 2012



CYNTHIA LYNN DREHMEL – Case No. S-220327(EX)- Petition for Order and Summary Cease and Desist Order against Cynthia Lynn Drehmel for misrepresentation in the offer of unregistered securities in violation of § 551.501(3), Wis. Stats.

Orders were issued on January 26, 2012



TIMOTHY PATRICK BARRY – Case No. S-216424(EX) – Summary Order of Prohibition and Revocation was issued for the violation of §551 Wis. Stats., for misrepresentation and omission of the offer and sale of securities.

Orders were issued on January 26, 2012



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