Administrative Orders and Actions

Post date Matter Order Status
08-17-2005 In the Matter of Christopher D. Lacona Revised Stipulated Order Entered by Agreement of the Parties in Resolution of Statement Charges Final
08-16-2005 In the Matter of Joyce B. Thomas

Order & Consent to Order

Final
08-15-2005 In the Matter of Joyce B. Thomas Order and Consent to Order Final
08-11-2005 Gallegos Marie E. Amarillo TX Allegation: Failure to report other states actions; failure to cooperate with investigation Resolution: Order: License revoked; pay $500 Fine and $200 Costs Date of Order/Settlement: 2005-08-12 00:00:00
08-09-2005 In the Matter of Waddell & Reed Inc. Consent Order Final
08-09-2005 Waddell & Reed Inc. Overland Park KS Allegation: Waddell a broker dealer sought to exchange their customers United Investors Life Ins. Co. variable annuities to Nationwide variable annuities. The BB and agents received a new commission on each exchange but many customers paid surrender charges. Resolution: Order and Consent to Order. Waddell & Reed censured $79000 to compensate Iowa customers $29000 civil penalty to the Division and several undertakings. Date of Order/Settlement: 2005-08-10 00:00:00
08-08-2005 In re the application of FARMERS MUTUAL INSURANCE ASSOCIATION for approval of an Assumption and Reinsurance Agreement with ST. ANSGAR MUTUAL INSURANCE ASSOCIATION Findings of Fact Conclusions of Law and Order Final
07-28-2005 Producer License of James N. Basset Notice of Suspension
07-28-2005 Crooke Roger D. New Market TN Allegation: Failure to notify Division of other states action Resolution: Order: License revoked; Pay $500 Fine and $200 Costs before relicensure Date of Order/Settlement: 2005-07-29 00:00:00
07-28-2005 Taylor Thomas C. Florissant MO Allegation: Failure to notify Division of criminal action Resolution: Order: License revoked; Pay $500 Fine and $200 Costs before relicensure Date of Order/Settlement: 2005-07-29 00:00:00
07-28-2005 Priovolos George T. Bloomington IL Allegation: Provided incorrect information on license application Resolution: Order: License revoked; Pay $500 Fine and $200 Costs before relicensure Date of Order/Settlement: 2005-07-29 00:00:00
07-28-2005 Bassett James N. Algona IA Allegation: Failure to pay child support Resolution: License suspended Date of Order/Settlement: 2005-07-29 00:00:00
07-25-2005 In the Matter of Conduct of Washington National Insurance Company Order and Consent to Order Final
07-25-2005 In the Matter of Carl M. Bibb Order and Consent to Order Final
07-25-2005 Washington National Insurance Company Carmel IN Allegation: Failure to appoint insurance producers in Iowa Resolution: Consent: Cease and desist failing to appoint producers; pay $4200 Fine and $1000 Costs Date of Order/Settlement: 2005-07-26 00:00:00
07-25-2005 Bibb Carl M. Elkhorn NE Allegation: Failure to notify Division of other states administrative action within 30 days Resolution: Consent: Cease and desist; pay $250 Fine and $250 Costs Date of Order/Settlement: 2005-07-26 00:00:00
07-13-2005 In re the application of PETROLEUM MARKETERS MUTUAL INSURANCE COMPANY for approval of a plan of election and a plan of conversion to a stock insurance company, In re the application of PETROLEUM MARKETERS MUTUAL INSURANCE COMPANY for approval of a plan of election and a plan of conversion to a stock insurance company, In re the application of PETROLEUM MARKETERS MUTUAL INSURANCE COMPANY for approval of a plan of election and a plan of conversion to a stock insurance company, In re the application of PETROLEUM MARKETERS MUTUAL INSURANCE COMPANY for approval of a plan of election and a plan of conversion to a stock insurance company, In re the application of PETROLEUM MARKETERS MUTUAL INSURANCE COMPANY for approval of a plan of election and a plan of conversion to a stock insurance company, In re the application of PETROLEUM MARKETERS MUTUAL INSURANCE COMPANY for approval of a plan of election and a plan of conversion to a stock insurance company, In re the application of PETROLEUM MARKETERS MUTUAL INSURANCE COMPANY for approval of a plan of election and a plan of conversion to a stock insurance company, In re the application of PETROLEUM MARKETERS MUTUAL INSURANCE COMPANY for approval of a plan of election and a plan of conversion to a stock insurance company, In re the application of PETROLEUM MARKETERS MUTUAL INSURANCE COMPANY for approval of a plan of election and a plan of conversion to a stock insurance company

NOTICE of Combined Public Hearing and ORDER

Final
07-12-2005 Lacona Christopher D. Carlisle IA Allegation: Failure to notify Division of criminal violations on license application; failure to cooperate with a Division investigation; Resolution: Consent signed: License suspended for 30 days; $250 Fine; Date of Order/Settlement: 2005-07-13 00:00:00
07-06-2005 Bronson Michael J. Cedar Rapids IA Allegation: Referencing himself as a financial planner Resolution: Consent signed: Cease representing himself as a Financial Planner; 2 years probation; $250 Fine and $250 Costs Date of Order/Settlement: 2005-07-07 00:00:00
07-05-2005 Cunningham Kevin J. Palos Park IL Allegation: Revocation of license by another state; failure to cooperate with investigation Resolution: Consent signed: two years probation; report any administrative action within 30 days; cease and desist any violation of Iowa insurance laws;pay $350 Fine and $100 Costs Date of Order/Settlement: 2005-07-06 00:00:00
06-30-2005 Simmons Henry Virginia Beach VA Allegation: Failure to notify of other state administrative action; Failure to respond Resolution: Order- License revoked. Date of Order/Settlement: 2005-07-01 00:00:00
06-30-2005 Simmons Henry E. Virginia Beach VA Allegation: Failure to notify Division of prior actions; failure to cooperate with investigation; denial of license by another state. Resolution: Order: License revoked; Pay $250 Fine and respond to division inauires before license may be restored. Date of Order/Settlement: 2005-07-01 00:00:00
06-30-2005 Sayre Robert C. Anamosa IA Allegation: Failure to disclose prior actions on application; failure to notify Division of prior actions; revocation of license by another state; failure to cooperate with investigation Resolution: Order: License revoked; pay $250 Fine and provide explanation to inquiries before license is restored. Date of Order/Settlement: 2005-07-01 00:00:00
06-21-2005 In the Matter of United Fire & Casualty Company Order and Consent to Order Final
06-20-2005 Praul Allen D. Bettendorf IA Allegation: Sale of unregistered securities; omitting material facts/ information; misstatements of material facts; practice to defraud; unregistered as a securities agent; unsuitable sales; exerted undue influence over clients. Resolution: Consent signed: insurance license revoked; permanently barred from reapplying; permanently barred from applying for securities license. Date of Order/Settlement: 2005-06-21 00:00:00
06-15-2005 Acceptance Insurance Company Council Bluffs IA Allegation: Capital and surplus in violation of Iowa Code Resolution: Consent signed: Certificate of authority is suspended; company prohibited from writing or accepting new or renewal business; pay $500 costs. Date of Order/Settlement: 2005-06-16 00:00:00
06-13-2005 Fowler Bradley S. Elk Point SD Allegation: Wrote insurance applications in Iowa without a valid Iowa non-resient producer license; Failure to notify of address change within 30 days of change Resolution: Consent: Cease and desist any violation; will not sell in Iowa without a valid license; notify of any address change; 2 years probation; Pay $750 Fine and $250 Costs Date of Order/Settlement: 2005-06-14 00:00:00
05-24-2005 In the Matter of Jeremy Scott Lind Order and Consent to Order Final
05-23-2005 Lind Jeremy S. Huxley IA Allegation: Provided incorrect information on application for licensure; Failure to notify Division of other states action Resolution: Consent signed: Cease and desist from violation of licensing statutes; Pay $125 Fine; $125 Costs Date of Order/Settlement: 2005-05-24 00:00:00
05-22-2005 Deel Stephanie J. Chesapeake VA Allegation: Incorrect information on License application; failure to notify Division of prior actions Resolution: Order: License revoked; $500 Fine; $200 Costs Date of Order/Settlement: 2005-05-23 00:00:00
05-22-2005 Harden Tony L. Tampa FL Allegation: Failure to notify Division of prior actions Resolution: Order: License revoked; $500 Fine; $200 Costs Date of Order/Settlement: 2005-05-23 00:00:00
05-15-2005 Deutsche Bank Securities Inc. New York NY Allegation: Engaged in acts or practices that created/maintained inappropriate influence by investment banking over research analysts failed to have adequate policies and procedures to handle conflicts of interest failed to produce emails as requested Resolution: Without admitting or denying findigs offact and conclusions of law DBS will cease and desist violations of the Iowa Uniform Securities Act will comply with several undertakings and pay $287500 Fine. Date of Order/Settlement: 2005-05-16 00:00:00
05-11-2005 Weisberg Max Scottsdale AZ Allegation: Failure to notify Division of prior action Resolution: Consent Signed: Cease and desist from violations; pay $150 Fine $100 Costs Date of Order/Settlement: 2005-05-12 00:00:00
05-09-2005 Thomas Weisel Partners LLC San Francisco CA Allegation: Analyst conflict of interest case; ratings were tilted toward "buy" and "strong buy" analyst considered banking business in determining recommendations analysts compensation was tied to success in generating business. Resolution: Without admitting or denying findings of fact and conclusions of law TWP is ordered to cease and desist violations of the Iowa Uniform Securities Act consents to several undertakings and pay fine of $50000. Date of Order/Settlement: 2005-05-10 00:00:00
05-03-2005 Prairie Land Grain Storage LLC No Action Letter Request Final
05-03-2005 Dasilva Walter C. Jr. Oklahoma City OK Allegation: Failure to notify Division of prior action. Resolution: Order: License revoked; Pay $500 Fine and $200 Costs before relicensure in Iowa Date of Order/Settlement: 2005-05-04 00:00:00
05-02-2005 In the Matter of Christopher L. Carstarphen Proposed Findings of Fact Conclusions of Law and Order Final
05-02-2005 Harl Christopher San Antonio TX Allegation: Failure to notify of criminal action within 30 days Resolution: Consent: Cease and desist; Pay $125 Fine and $125 Costs Date of Order/Settlement: 2005-05-03 00:00:00
05-01-2005 In the Matter of Max Weisberg Iowa Insurance Producer Order and Consent to Order Final
04-26-2005 Augustine Amanda Streator IL Allegation: Failure to notify Division of prior actions Resolution: Order: License revoked; pay Fine of $500 and Costs of $200 before relicensure. Date of Order/Settlement: 2005-04-27 00:00:00
04-25-2005 Curtin Jeffrey C. Oklahoma City OK Allegation: Failure to notify Division of prior actions Resolution: Order: License revoked; pay Fine of $500 and Costs of $200 before relicensure. Date of Order/Settlement: 2005-04-26 00:00:00
04-25-2005 Borrego Jesse Buda TX Allegation: Failure to notify Division of prior actions Resolution: Order: License revoked; pay Fine of $500 and Costs of $200 before relicensure. Date of Order/Settlement: 2005-04-26 00:00:00
04-17-2005 Christian Crystal Colorado Springs CO Allegation: Failure to disclose information on license application; Failure to notify Division of prior actions. Resolution: Order signed: License revoked; Pay $500 fine before license may be restored. Date of Order/Settlement: 2005-04-18 00:00:00
04-17-2005 McKenna Todd J. West Des Moines Allegation: Failure to notify Division of actions; Failure to cooperate with investigation Resolution: Order signed: License revoked; Pay $500 F and $200 Costs Date of Order/Settlement: 2005-04-18 00:00:00
04-10-2005 Hawkeye Life Insurance Group Inc. Des Moines IA Allegation: Failure to file annual financial report Resolution: Consent signed: Annual financial statement for 2003 filed agrees to timely comply with 191 IAC 5.25; pay $2000 Fine and $1000 Costs Date of Order/Settlement: 2005-04-11 00:00:00
03-25-2005 In the Matter of Custom Dollar Systems LLC; Wayne Mercural Cease and Desist Order Final
03-25-2005 Carmichael Jr. Arthur C. Los Altos CA Allegation: Failure to notify Divison of administrative action in another state. Resolution: Consent signed: Cease and desist from violations; pay $150 Fine and $100 Costs Date of Order/Settlement: 2005-03-25 00:00:00
03-24-2005 In the matter of Judi A. Swafford Proposed Findings of Fact Conclusions of Law and Order Final
03-24-2005 Mankamyer Michele L. Lake Worth FL Allegation: Providing incorrect or incomplete information on license application; failure to notify Division of prior actions Resolution: Order: License revoked; pay $500 fine before license may be restored Date of Order/Settlement: 2005-03-24 00:00:00
03-24-2005 Decambra Jennifer L. Limestone ME Allegation: Failure to notify Division of prior actions Resolution: Order: License revoked; Pay $500 Fine before licensure is restored Date of Order/Settlement: 2005-03-24 00:00:00