Administrative Orders and Actions

Post date Matter Order Status
01-18-2005 Koch Edward T. Holy Cross IA Allegation: Failure to comply with child support order Resolution: License suspended Date of Order/Settlement: 2005-01-18 00:00:00
01-07-2005 Simonsen Capital LLC; Matt Simonsen Agreement Final
01-04-2005 Simonsen Capital LLC Simonsen Matt Coralville IA Allegation: Acting as unlicensed investment adviser and unlcensed investment adviser representative in Iowa Resolution: Voluntary agreement to register as investment adviser and investment adviser representative notify the Securities Bureau of any consumer complaints for calendar year 2005; pay $500 Costs. Date of Order/Settlement: 2005-01-04 00:00:00
12-22-2004 In the Matter of Jerry L. Peters Julep Financial Servies TLD Cease and Desist Order Final
12-20-2004 In the Matter of Milton W. Anania Order and Consent to Order Final
12-17-2004 Knutson Randy G Ankeny IA Allegation: Forgery Resolution: 1 yr probation; $1500 fine; Cease & Desist from signing customers names on insurance documents Date of Order/Settlement: 2004-12-17 00:00:00
12-14-2004 Anania Milton W (Mike) Des Moines IA Allegation: Using unlicensed individuals to solicit and sell; allowing them to sign his name and submit applications; collected commissions for these sales. Resolution: Consent signed; license suspended 30 days; 1 year probation; Cease and Desist charging $50 documentation fee; Attend ethics class; Pay $5000 fine $500 administrative costs. Date of Order/Settlement: 2004-12-14 00:00:00
12-10-2004 In the Matter of Dennis E. Riley Order and Consent to Order Final
12-09-2004 Riley Dennis E. Cedar Falls IA Allegation: False statements and entries misrepresentation by producer on insurance application; omission of producers name on application; dishonesty. Resolution: Consent signed: Cease and desist violation; license suspended for 30 days; after suspension 2 year probation; complete CE ethics class; send copies of any complaints to Division within 30 days of receipt; pay $13000 fine and costs. Date of Order/Settlement: 2004-12-09 00:00:00
12-06-2004 Gray Jerome E. Omaha NE Allegation: Unfair methods of competition and unfair or deceptive acts or practices; replacement violations Resolution: Consent Signed: 1 yr probation; Pay $500 Fine and Costs; adhere to all insurance regulations Date of Order/Settlement: 2004-12-06 00:00:00
12-02-2004 In the Matter of the Conduct of Sunnyside Memorial Gardens Inc. Order to Cease and Desist Final
11-23-2004 In the Matter of Michael R. Gerot Order and Consent to Order Final
11-22-2004 Peters Jerry L. & Julep Financial Services Ltd. Kansas City MO Allegation: As an unregistered agent sold an unregistered security a viatical settlement investment contract to an Iowa resident. Resolution: Order: Cease and desist sales of unregistered non-exempt securities. Peter ordered to cease and desist acting as an agent while not registered with the Iowa Securities Bureau. Date of Order/Settlement: 2004-11-22 00:00:00
11-19-2004 In re the application of DMC MUTUAL INSURANCE ASSOCIATION for approval of an Assumption and Reinsurance Agreement with WAPELLO MUTUAL INSURANCE ASSOCIATION Findings of Fact Conclusions of Law and Order Final
11-19-2004 Gless Richard E. Bettendorf IA Allegation: Advertising violations; unsuitable sales; using unlicensed producers Resolution: Consent signed: Use only company approved marketing materials; demonstrate suitablitity in sales; use licensed producers; 2 yrs probation; pay $750 Fine; Date of Order/Settlement: 2004-11-19 00:00:00
11-18-2004 Provident Life and Casualty Insurance Company Chattanooga TN Allegation: Multi State Market Conduct Exam for individual and group long term disability income claim handling practices. Resolution: Agreement: Implement changes in corporate governance; implement the Claim Reassessment Process; Provide initial notice to specified claimants; conduct employee training; pay fine to be allocated to participating regulators. Date of Order/Settlement: 2004-11-18 00:00:00
11-18-2004 Provident Life and Accident Insurance Company Chattanooga TN Allegation: Multi State Market Conduct Exam for individual and group long term disability income claim handling practices. Resolution: Agreement: Implement changes in corporate governance; implement the Claim Reassessment Process; Provide initial notice to specified claimants; conduct employee training; pay fine to be allocated to participating regulators. Date of Order/Settlement: 2004-11-18 00:00:00
11-18-2004 Paul Revere Life Insurance Company Chattanooga TN Allegation: Multi State Market Conduct Examination Resolution: Agreement: Implement changes in corporate governance; implement the Claim Reassessment Process; Provide initial notice to specified claimants; conduct employee training; pay fine to be allocated to participating regulators. Date of Order/Settlement: 2004-11-18 00:00:00
11-18-2004 UNUM Life Insurance Company of America Portland ME Allegation: Multi State Market Conduct Exam for individual and group long term disability income claim handling practices. Resolution: Agreement: Implement changes in corporate governance; implement the Claim Reassessment Process; Provide initial notice to specified claimants; conduct employee training; pay fine to be allocated to participating regulators. Date of Order/Settlement: 2004-11-18 00:00:00
10-27-2004 Darnell Mary E. Grinnell IA Allegation: Failure to comply with child support order Resolution: License suspended Date of Order/Settlement: 2004-10-28 00:00:00
10-07-2004 Wilhelmson Steven C. Warr Acres OK Allegation: Providing incorrect information in license application; revocation of license by another state; failure to notify Division of prior actions. Resolution: Order signed: License revoked Date of Order/Settlement: 2004-10-08 00:00:00
10-06-2004 In the Matter of Edward D. Jones & Co. L.P. Order and Consent to Order Final
10-06-2004 Edward D. Jones & Co. L.P. St. Louis MO Allegation: Failed to reasonably supervise securities agent Resolution: Cease and desist filing to supervise; Pay $9500 Fine and Costs Date of Order/Settlement: 2004-10-07 00:00:00
10-05-2004 Anderson Neil R. Dixon IA Allegation: Using fraudulent or dishonest practices; failure to cooperate in an investiagion by commissioner Resolution: Order signed: License revoked Date of Order/Settlement: 2004-10-06 00:00:00
10-04-2004 Cross Scott K. Perry IA Allegation: Improper withholding misappropriating or conversion of moneys; failure to cooperate with investigation by commissioner Resolution: Order signed: License revoked Date of Order/Settlement: 2004-10-05 00:00:00
10-03-2004 In the Matter of Learn Waterhouse Inc.; Randy Treadwell; Gene Thompson; Tom Zielske Cease and Desist Order Final
10-03-2004 Learn Waterhouse Inc. Randy Treadwell Gene Thompson Tom Zielske Edinburg TX Allegation: Unregistered Securities; Unregisterd Agent material misrepresentations and omissions Resolution: Order: Cease and desist the offer or sal of unregisterd non exempt securities; cease and desist acting as an agent without registration; making misrepresentations and omissions of material facts; Date of Order/Settlement: 2004-10-04 00:00:00
09-29-2004 In the Matter of Dennis M. Stephens Proposed Findings of Fact Conclusions of Law and Order Final
09-19-2004 In the Matter of Home Solutions Real Estate Investments Inc.; Mike Larpenter; Patricia Larpenter Cease and Desist Order Final
09-19-2004 In the Matter of Aaron Chamley; Chamley Financial LLC; and James Chamley Cease and Desist Order Final
09-19-2004 Chamley James Colorado Springs CO Allegation: Sold viatical settlement investment contracts while unregistered Resolution: Cease and Desist issued to halt sale of unregistered securities Date of Order/Settlement: 2004-09-20 00:00:00
09-19-2004 Chamley Financial LLC Colorado Springs CO Allegation: Sold viatical settlement investment contracts while unregistered Resolution: Cease and desist issued to halt sale of unregistered securities Date of Order/Settlement: 2004-09-20 00:00:00
09-19-2004 Chamley Aaron Van Wert IA Allegation: Sold viatical settlement investment contracts while unregistered. Resolution: Cease and desist issued to hald the sale of unregistered securities; cease and desist acting as unregistered agent Date of Order/Settlement: 2004-09-20 00:00:00
09-16-2004 Larpenter Patricia Des Moines IA Allegation: Offered and sold unregistered securities (promisary notes); misrepresented material facts; omitted material facts. Resolution: Cease and desist ordering hald sales and offers to sell securities; misrepresentation and omission of material facts in the offer and selling of securities; cease and desist acting as agents while unregistered Date of Order/Settlement: 2004-09-17 00:00:00
09-16-2004 Larpenter Mike Des Moines IA Allegation: Offered and sold unregistered securities (promisary notes); misrepresented material facts; omitted material facts. Resolution: Cease and desist ordering hald sales and offers to sell securities; misrepresentation and omission of material facts in the offer and selling of securities; Cease and desist acting as agents while unregistered Date of Order/Settlement: 2004-09-17 00:00:00
09-16-2004 Home Solutions Reals Estate Investments Inc. Des Moines IA Allegation: Offered and sold unregistered securities (promisary notes); misrepresented material facts; omitted material facts. Resolution: Cease and desist ordering hald sales and offers to sell securities; misrepresentation and omission of material facts in the offer and selling of securities Date of Order/Settlement: 2004-09-17 00:00:00
09-12-2004 Porterfield III Herlen C. Lansdowne PA Allegation: Providing incorrect information on License Application; conviction of a velony revocation of license in another state; failure to cooperate in investigation by commissioner Resolution: Order: License revoked Date of Order/Settlement: 2004-09-13 00:00:00
09-08-2004 American Equity Investment Life Ins. Co. Des Moines IA Allegation: Failure to submit dividend information to Insurance Division prior to declaration and payment to stockholders. Resolution: Consent signed: Agree to list dividends from January 1 2000 to present; report all dividends within 5 business days; pay $1500 fine and $500 Costs Date of Order/Settlement: 2004-09-09 00:00:00
09-07-2004 In the Matter of Edwin Pace Proposed Findings of Fact Conclusions of Law and Order Final
09-07-2004 Pace Edwin Indianola IA Allegation: Offered and sold unregistered securities; omission of material facts; no securities license incompetence and untrustworthiness; violations of the Iowa Consumer Fraud Act. Resolution: Order: License revoked; not eligible for licensure until obligations imposed by the Iowa District Court are fully satisfied. Date of Order/Settlement: 2004-09-08 00:00:00
09-01-2004 In the Matter of Karl Paul Ritland Order and Consent to Order Final
08-31-2004 Ritland Karl Paul Des Moines IA Allegation: Unauthorized trades and use of discretionary power Resolution: Consent: Securities license censured; 1 year probation; Pay $250 Fine and $250 Costs Date of Order/Settlement: 2004-09-01 00:00:00
08-26-2004 In the Matter of Jerome J. OConnor Jr. Proposed Findings of Fact Conclusions of Law and Order Final
08-26-2004 In the Matter of Samuel W. Walker Proposed Findings of Fact Conclusions of Law and Order Final
08-26-2004 OConnor Jr. Jerome J. Omaha NE Allegation: Forgery; use of fraudulent coercive or dishonest practices Resolution: Order signed: License permanently revoked Date of Order/Settlement: 2004-08-27 00:00:00
08-23-2004 In the Matter of USI of Georgia Inc. Order and Consent to Order Final
08-23-2004 Walker Samuel W. Waterloo IA Allegation: Failure to disclose prior criminal convictions on license application Resolution: Order signed: License revoked Date of Order/Settlement: 2004-08-24 00:00:00
08-22-2004 USI of Georgia Inc. Norfolk VA Allegation: Did not remit surplus lines taxes; no Iowa licensed producer; Resolution: Consent signed: Cease and desist conducting business until employee licensed in Iowa; pay $4500 Fine; and $500 Costs. Date of Order/Settlement: 2004-08-23 00:00:00
08-10-2004 Cooper Byron D. Cedar Rapids IA Allegation: Unlicensed to sell securities; Sale of alleged investments in unregistered securities promissory notes Resolution: Consent signed: Cease and desist sale or offer to sell securities without a securities license; 2 years probation; $5000 civil penalty. Date of Order/Settlement: 2004-08-11 00:00:00
08-10-2004 Kempema David J. Sioux City IA Allegation: Failed to correct address at the Division; used unapproved marketing material; employed unlicensed employees doing insurance business; violation of 508C.18 in soliciting business. Resolution: Consent: Notify Division within 30 days of address change; use only company approved marketing materials; will not use any unlicensed employees doing insurance transactions;will protect confidential client info; pay $2500 Fine; no reference to 508C.18 Date of Order/Settlement: 2004-08-11 00:00:00