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04-07-2004 |
Lavin Larry |
Milford IA
Allegation: Violation of previous order
Resolution: Consent Signed: Insurance license permanently revoked.
Date of Order/Settlement: 2004-04-08 00:00:00 |
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04-04-2004 |
Bahls David R. |
Elkader IA
Allegation: Criminal record
Resolution: Consent signed: 2 yrs probation; report any criminal prosecution within 30 days.
Date of Order/Settlement: 2004-04-05 00:00:00 |
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04-02-2004 |
Lorenzen Monte |
Panora IA
Allegation: Sale of unregistered securities/viatical settlement contracts; unregistered securities agent; fraudulent securities practices; misrepresentation of material facts; unsuitable sales; advertising violations;violation of prior order and consent to order.
Resolution: Consent signed: Cease any offers & all sales of insurance products on 5/1/04; surrender Iowa insurance producer license 5/30/04; permanently barred from reapplying for Iowa insurance license & securities license; cease & desist; Pay $1000 Costs
Date of Order/Settlement: 2004-04-01 00:00:00 |
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04-02-2004 |
OConnor Jr. Jerome J. |
Omaha NE
Allegation: Failure to comply with previous order
Resolution: Consent Signed: Agreed to continue suspension of non resident license pending compliance with previous order
Date of Order/Settlement: 2004-04-01 00:00:00 |
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04-02-2004 |
Engels Constance D. |
Marble Rock IA
Allegation: Unsuitable sales
Resolution: Consent signed: 2 yrs probation; $500 F; document suitability for all new and replacement life insurance and annuity sales
Date of Order/Settlement: 2004-04-02 00:00:00 |
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03-31-2004 |
In the Matter of Emily J. Halsband |
Order and Consent to Order and Agreement |
Final |
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03-30-2004 |
Laurence Larry D. |
Pt. Richmond CA
Allegation: Failure to report other states actions; failure to timely respond to Divisions inquiry.
Resolution: Consent: Pay $200 Fine and $100 Costs; comply with the reporting requirements and fully comply with requests for information from the Division.
Date of Order/Settlement: 2004-03-30 00:00:00 |
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03-30-2004 |
Halsband Emily J. |
Clive IA
Allegation: Conviction of two class "C" felonies
Resolution: Consent signed: Iowa insurance license revoked permanently; barred from reapplying for a securities license in Iowa
Date of Order/Settlement: 2004-03-31 00:00:00 |
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03-29-2004 |
In the Matter of Jerome J. OConnor Jr. |
Order and Consent to Order |
Final |
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03-29-2004 |
In the Matter of Michael S. Murphy Millerton Trading LLC A/K/A Millerton Properties Inc. A/K/A Millerton Group Ltd. |
Cease and Desist Order |
Final |
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03-29-2004 |
Sensor Edward L. |
Sterling IL
Allegation: Unlicensed insurance producer; twisting; misrepresentations;suitability; personal loan; lack of character and competence;
Resolution: Cease and Desist Order: the offer or sale of unregistered securities; lending or borrowing money or securities from an unrelated customer; making untrue statements of material facts; omission of material facts; $5000 Fine.
Date of Order/Settlement: 2004-03-30 00:00:00 |
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03-29-2004 |
Credit Suisse First Boston LLC |
New York NY
Allegation: Failure to supervise; Conflicts of interest between banking and analyst functions
Resolution: Consent Order: without admitting or denying allegations to Cease and Desist; Pay $750000 Fine
Date of Order/Settlement: 2004-03-30 00:00:00 |
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03-23-2004 |
In the Matter of Roy A. Evanovich |
Order and Consent to Order |
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03-23-2004 |
Evanovich Roy |
Washington IA
Allegation: Violation of law regulation or order of the commissioner; misappropriation; unfair insurance trade practices; failure to cooperate in investigation.
Resolution: Consent signed: Insurance license revoked; Pay $2500 Costs
Date of Order/Settlement: 2004-03-23 00:00:00 |
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03-22-2004 |
Wilkin Walter W. |
Fairbank IA
Allegation: Misrepresenting terms of a proposed insurance contract; forgery and executing insurance transactions without authority; failure to cooperate with Division investigation; twisting; unadmitted replacement.
Resolution: Order: Iowa insurance producer license revoked permanently.
Date of Order/Settlement: 2004-03-22 00:00:00 |
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03-22-2004 |
Gibson Roderick P. |
Helotes TX
Allegation: Providing incorrect or incomplete information on application for licensure; Revocation of insurance license by another state; Failure to notify Division of prior actions
Resolution: Order: Iowa insurance license permanently revoked
Date of Order/Settlement: 2004-03-22 00:00:00 |
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03-19-2004 |
UBS Securities LLC |
Stamford CT
Allegation: "Investment banking interests" influenced the firms research; published exaggerated or unwarranted research; failed to adequately supervise its research and banking departments.
Resolution: Consent Cease and desist without admitting or denying allegations; Pay $250000 Fine
Date of Order/Settlement: 2004-03-19 00:00:00 |
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03-17-2004 |
Healey James J. |
Dubuque IA
Allegation: Sold unregistered securities without securities license.
Resolution: Consent signed: Cease and desist the offer or sale of securities without securities license; 2 year probation; pay $2000 civil penalty and costs;
Date of Order/Settlement: 2004-03-17 00:00:00 |
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03-15-2004 |
In the Matter of Jason C. Urista |
Proposed Findings of Fact Conclusions of Law and Order |
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03-15-2004 |
In the Matter of Noel S. Rose |
Order for Entry of Default Judgement |
Final |
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03-15-2004 |
Rose Noel S. |
Yuma AZ
Allegation: Failure to notify of revocation of license in two states
Resolution: Order: Permanent license revocation
Date of Order/Settlement: 2004-03-15 00:00:00 |
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03-15-2004 |
Urista Jason C. |
Columbia Heights MN
Allegation: Failure to disclose prior criminal history
Resolution: Order: Revocation of Iowa Insurance License
Date of Order/Settlement: 2004-03-15 00:00:00 |
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03-11-2004 |
In the Matter of Markis K. Revland |
Proposed Findings of Fact Conclusions of Law and Order |
Final |
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03-11-2004 |
In re the application of LIFE INVESTORS INSURANCE COMPANY OF AMERICA for approval of a “Reinsurance and Assumption Agreement†with COMPANION LIFE INSURANCE COMPANY |
Order (Iowa Code § 521.12) |
Final |
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03-11-2004 |
In re the application of MIDLAND NATIONAL LIFE INSURANCE COMPANY for approval of an “Agreement and Plan of Merger†with CLARICA LIFE INSURANCE COMPANY-U.S. |
Order (Iowa Code § 521.2) |
Final |
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03-11-2004 |
Revland Markis K. |
Arnolds Park IA
Allegation: Failure to notify Iowa Ins. Division of other states prior actions
Resolution: Order: Iowa Insurance license permanently revoked; Pay $5000 Fine; $500 Costs.
Date of Order/Settlement: 2004-03-11 00:00:00 |
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03-08-2004 |
I O A Re Inc. |
Plymouth Meeting PA
Allegation: Failure to have third party administrator bond in force.
Resolution: Consent signed: Certificate of Registration to act as a third-party administrator in Iowa is suspended until another surety bond is obtained and payment of $250 Costs
Date of Order/Settlement: 2004-03-08 00:00:00 |
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03-01-2004 |
In the Matter of Michael Segal |
Order and Consent to Order and Agreement |
Final |
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03-01-2004 |
In the Matter of Derrick Riley |
Order and Consent to Order |
Final |
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03-01-2004 |
In the Matter of Terry G. Frey |
Proposed Findings of Fact Conclusions of Law and Order |
Final |
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02-27-2004 |
In re the application of THE ST. PAUL COMPANIES INC. for approval of a plan to acquire control of NORTHFIELD INSURANCE COMPANY |
Findings of fact conclusions of law and order |
Final |
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02-27-2004 |
Sell Steven J. |
Omaha NE
Allegation: Forgery of signature on a transfer document
Resolution: Consent Signed: Cease & desist from violation of IA insurance or securities laws; 2 yr probation; 2 yr supervision and review; pay $1000 Fine and $250 Costs
Date of Order/Settlement: 2004-02-27 00:00:00 |
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02-26-2004 |
Evanovich Roy |
Washington IA
Allegation: Unregistered securities agent; offer to sell and sold unregistered securities; fraudulent practices.
Resolution: Order: Cease & desist offering or selling any security in this state unless the security is registered or exempt; Cease & desist transacting business as a securities agent in this state; Cease & desist engaging in fraudulent practices
Date of Order/Settlement: 2004-02-26 00:00:00 |
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02-26-2004 |
Lavin Larry |
Milford IA
Allegation: Violation of previous order
Resolution: License suspended
Date of Order/Settlement: 2004-02-26 00:00:00 |
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02-18-2004 |
Segal Michael |
Chicago IL
Allegation: Failure to report administrative actions within 30 days of conclusion of such matters
Resolution: Consent signed: Agrees to immediate suspension of license until underlying federal charges are resolved; upon resolution may petition to lift suspension; Cease and Desist any insurance activity in Iowa.
Date of Order/Settlement: 2004-02-18 00:00:00 |
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02-18-2004 |
Riley Derrick L. |
Waterloo IA
Allegation: Criminal convictions
Resolution: Consent signed: 1 year probation from date license issued; Agrees to report any administration action within 30 days of final disposition; Agrees to report any criminal prosecution within 30 days of initial pretrial conference; Submit quarterly reports.
Date of Order/Settlement: 2004-02-18 00:00:00 |
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02-17-2004 |
Morgan Stanley & Co. Incorporated |
New York NY
Allegation: Failed to exercise supervision over associated persons created or maintained inappropriate influences by investment banking over research analysts violated NASD and NYSE ethical standards.
Resolution: Consent: cease and desist without admitting or denying findings of fact or conclusions of law; pay $250000 Fine
Date of Order/Settlement: 2004-02-17 00:00:00 |
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02-16-2004 |
U.S. Bancorp Piper Jaffray & Co. |
Minneapolis MN
Allegation: Inappropriate influence by investment banking over research analysts; failed to establish and enforce written supervisory procedures to prevent undue influence
Resolution: Consent Order: without admitting or denying allegations consented to cease and desist and pay $125000 Fine
Date of Order/Settlement: 2004-02-16 00:00:00 |
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02-16-2004 |
Citigroup Global Markets Inc. |
New York NY
Allegation: Business practices allowed investment bankers inqppropriate influence over research analysts; allowed spinning inaccurate records as to IPO distributions
Resolution: Consent to order without admitting or denying; pay $1500000 Fine
Date of Order/Settlement: 2004-02-16 00:00:00 |
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02-12-2004 |
Lehman Brothers Inc. |
New York NY
Allegation: Failed to exercise supervision over its associated persons; created or maintained inappropriate influences by investment banking over research analysts violated NASD and NYSE ethical standards
Resolution: Consent: Cease and desist without admitting or denying the allegations; Pay $250000 Fine
Date of Order/Settlement: 2004-02-12 00:00:00 |
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02-12-2004 |
Murphy Michael S. aka Millerton Properties Inc. aka Millerton Group LTD |
Elizabeth City NC
Allegation: Violations of Iowa uniform Securities Act: Misrepresentations; Omissions
Resolution: Order: Cease and Desist making untrue statements of material facts in the offer or sale of securities; from omitting misleading material facts; assessed $10000 civil penalty.
Date of Order/Settlement: 2004-02-12 00:00:00 |
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02-11-2004 |
Bear Stearns & Co. Inc. |
New York NY
Allegation: Failed to reasonably supervise its employees to ensure that its analysts were adequately insulated from pressures and influences from covered companies and investment banking.
Resolution: Consent: without admitting or denying pay $250000 Fine.
Date of Order/Settlement: 2004-02-11 00:00:00 |
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02-10-2004 |
In the Matter of James H. Opheim |
Order and Consent To Order |
Final |
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02-10-2004 |
In the Matter of Gary B. Ronnfeldt |
Order and Consent To Order and Agreement |
Final |
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02-10-2004 |
Opheim James H. |
Spencer IA
Allegation: Completed life applications without the proposed insureds knowledge; allowed third party to sign the applicants names without authorization.
Resolution: Consent signed: 1 yr probation; Pay $750 Fine; Pay $250 Costs; Cease and desist from allegations; report administrative actions within 30 days to the Ins. Div.
Date of Order/Settlement: 2004-02-10 00:00:00 |
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02-06-2004 |
Ronnfeldt Gary B. |
Miles IA
Allegation: Misappropriation of premiums; converted funds to personal use
Resolution: Consent signed: License permanently revoked.
Date of Order/Settlement: 2004-02-06 00:00:00 |
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02-05-2004 |
Strohmeier Gretchen A. |
Springboro OH
Allegation: Selling annuity insurance policies in Iowa without a license in December 1994 and February 1995.
Resolution: Consent signed: Pay $1100 Fine; Have active nonresident Iowa license before selling in Iowa; Report any administrative action taken within 30 days.
Date of Order/Settlement: 2004-02-05 00:00:00 |
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02-02-2004 |
In the Matter of Gretchen A. Stronmeier |
Order and Consent to Order |
Final |
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01-29-2004 |
J.P.Morgan Securities Inc. |
New York NY
Allegation: Failed to establish an enforce written supervisory procedures; made payments to other broker/dealers for research and failing to disclose said payments.
Resolution: Consent without admitting or denying allegations; Pay $250000 Fine
Date of Order/Settlement: 2004-01-30 00:00:00 |
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01-29-2004 |
Goldman Sachs & Co. |
New York NY
Allegation: Failure to adequately supervise companies and investment banking staff.
Resolution: Consent: without admitting or denying cease and desist and pay $250000 Fine
Date of Order/Settlement: 2004-01-30 00:00:00 |
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