Administrative Orders and Actions

Post date Matter Order Status
02-02-2004 In the Matter of Gretchen A. Stronmeier Order and Consent to Order Final
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
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
01-21-2004 In the Matter of Edgar Lee Andrews; Dotnow.Com Inc.; Mula Growth Fund Lp; Mula Financial Services Llc Cease and Desist Order and Consent to Cease and Desist Order Agreement Final
01-21-2004 Andrews Edgar Lee Des Moines IA Allegation: Unregistered securities agents; Selling unregistered securities; Resolution: Order: Cease & Desist the offer or sale of unregistered securities; cease & desist acting as agents without registration; shall not employ unregistered agents; shall not make untrue statements of material facts in the offer or sale of securities. Date of Order/Settlement: 2004-01-21 00:00:00
01-08-2004 In the matter of the joint application of WORLD MUTUAL HOLDING COMPANY and AMERICAN REPUBLICMUTUAL HOLDING COMPANY for approval of a plan to merge WORLD MUTUAL HOLDING COMPANY with and into AMERICAN REPUBLIC MUTUAL HOLDING COMPANY Findings of fact conclusions of law and order Final
01-08-2004 Ober Dennis H. Des Moines IA Allegation: Sale of unregistered securities and/or business opportunities Resolution: Consent signed: License probation until 7/1/07; repay all commissions and/or finders fees of $41940; Pay $1000 Costs; sell only approved insurance and securities products. Date of Order/Settlement: 2004-01-08 00:00:00
01-08-2004 Middleton Denyce Waterloo IA Allegation: Criminal action prior to licensure Resolution: Consent signed: Probationary license issued 1 year probation subject to supervision; issue quarterly reports to Division regarding work Date of Order/Settlement: 2004-01-08 00:00:00
01-07-2004 Revland Markis J. Arnolds Park IA Allegation: Failure to comply with previous order and failure to respond to Division inquiry Resolution: License suspended Date of Order/Settlement: 2004-01-07 00:00:00
01-05-2004 Madyun Naim H. Des Moines IA Allegation: Failure to satisfy bail bond judgments; took premium but failed to post bond. Resolution: Affirmed Order: License suspended indefinitely. Date of Order/Settlement: 2004-01-05 00:00:00
12-18-2003 In the matter of the application of CROP ONE INSURANCE DIRECT INC. and WILLIAM T. ROSE JR. an individual for approval of a plan to acquire control of AG HAIL INSURANCE COMPANY INC. Findings of fact conclusions of law and order Final
12-18-2003 In the Matter of Daniel C. Heese Findings of fact conclusions of law and order Final
12-17-2003 In the matter of the application of ONEX CORPORATION and GERALD W. SCHWARTZ an individual for approval of a plan to to acquire control of MAGELLAN BEHAVIORAL CARE OF IOWA INC. Findings of fact conclusions of law and order Final
12-15-2003 Heese Daniel C. Council Bluffs IA Allegation: Sale of unregistered securities; not licensed to sell securities; Incorrect information on application; Resolution: Order signed: Cease and Desist from violations of Iowa securities law and rule; License revoked permanently; Pay $10000 Civil Penalty; Pay $500 Costs Date of Order/Settlement: 2003-12-15 00:00:00
12-08-2003 In the Matter of Geoffrey A. Jennings Order for Entry of Default Judgement Final
12-05-2003 Jennings Geoffrey A. Council Bluffs IA Allegation: Sold unregistered securities or business opportunities without proper licensure; failed to disclose criminal actions; violation of 18 U.S.C. section 1033; misappropriating funds or borrowing from clients after representing he was not. Resolution: Order 9/15/03: License suspended; cease and desist from doing any insurance business in Iowa. Order dated 12/5/03: License permanently revoked; Cease and desist from offer and sale of unregistered securities and without proper securities license. Date of Order/Settlement: 2003-12-05 00:00:00
12-04-2003 OConnor Jr. Jerome J. Omaha NE Allegation: Failure to notify the Iowa Insurance Division of prior administrative actions 2/26/04 Failure to pay fine. Resolution: Consent signed: 1 year license probation; Pay $750 civil penalty; report any administrative action taken against him within 30 days of final disposition 2/26/04; License suspended. Date of Order/Settlement: 2003-12-04 00:00:00
12-03-2003 Frey Terry G Cedar Rapids IA Allegation: Failure to comply with Order and Consent to Order to surrender license Resolution: Order: license suspended pending resolution of administrative action Date of Order/Settlement: 2003-12-03 00:00:00
11-26-2003 In the Matter of Dennis M. Stephens Order of Summary Suspension Final
11-26-2003 In re the application of MOTORISTS MUTUAL INSURANCECOMPANY Combined Findings of Fact Conclusions of Law and Order Final
11-26-2003 Mutual of Omaha Insurance Company Omaha NE Allegation: Failure to comply with requirements of external review procedure Resolution: Consent signed: Pay $500 Fine Date of Order/Settlement: 2003-11-26 00:00:00
11-20-2003 Stephens Dennis M. Lake Mills IA Allegation: Violations of previous order regarding prohibited loan activity Resolution: Order of Summary Suspension: License suspended immediately; cease and desist from participating in the business of insurance in Iowa; and from soliciting or receiving any further loans from unrelated insurance clients; Pending hearing date 12/18/03 Date of Order/Settlement: 2003-11-20 00:00:00
11-06-2003 In re the application of LE MARS MUTUAL INSURANCE COMPANY OF IOWA for approval of a plan of conversion to a stock insurance company Findings of fact conclusions of law and order Final
10-23-2003 Neighbor Eldon L. Alburnett IA Allegation: Permitted unlicensed person to sell commercial policies; Resolution: Consent signed: License suspended for 30 days; 1 year probation ending 1 year from the end of suspension; Pay $5368.50 fine; Pay $500 Costs; Confirm with policyholders policy meets their needs; pay any additional premiums needed. Date of Order/Settlement: 2003-10-24 00:00:00
10-23-2003 Neighbor Mark A. Alburnett IA Allegation: Selling without proper license Resolution: Consent signed: License suspended for 30 days; 1 year probation ending one year from end of suspension date; Pay fine $5368.50; Pay costs $500; Confirm with policyholders policy meets the needs; Pay any additional premiums needed. Date of Order/Settlement: 2003-10-24 00:00:00
10-13-2003 Eichelberger Kraig R. Dysart IA Allegation: Advertising violations Resolution: Consent signed: Obey all Iowa insurance advertising regulations; 2 year probation; pay costs of $250. Date of Order/Settlement: 2003-10-14 00:00:00
10-07-2003 State of Iowa v. Michael J. Tonini and Tonini Funeral Home Inc. Consent Order Final
10-06-2003 Dolphin Troy W. Des Moines IA Allegation: Insurance application fraud Resolution: Consent Signed: Surrender Iowa insurance producer license; refrain from reapplying; refrain from violations of Iowa insurance laws or regulations. Date of Order/Settlement: 2003-10-07 00:00:00
10-02-2003 In the Matter of Tri-Star Invenstment Group LLC Order for Entry of Default Judgement; Ceast and Desist Order Final
09-21-2003 Norris Kara Lincoln NE Allegation: Returned check for services Resolution: Order signed: License suspended indefinitely; Pay for services; Pay $100 Fine Date of Order/Settlement: 2003-09-22 00:00:00
09-18-2003 Lauer Gordon A. West Union IA Allegation: Conviction of a felony Resolution: Consent signed: License revoked permanently and forevermore Date of Order/Settlement: 2003-09-19 00:00:00
09-18-2003 Winders Timothy P. Sioux City IA Allegation: Improper offer and sale of annuity contract Resolution: Consent signed: 2 yrs probation; Cease and Desist from further violations; Report all consumer complaints to the Insurance Division within 30 days. Date of Order/Settlement: 2003-09-19 00:00:00
09-18-2003 White Jon A. Iowa City IA Allegation: Failure to cooperate in an investigation by commissioner; Dishonest business practices. Resolution: Consent Signed: 1 yr. Probation; Follow Iowas statutory and administrative insurance sales requirements; Pay $250 costs. Date of Order/Settlement: 2003-09-19 00:00:00
09-03-2003 IN THE MATTER OF INTERNATIONAL TRADING COMPANY and PACIFIC RIM TRADING LLC. Cease and Desist Order Final
08-28-2003 In the Matter of RAM ENERGY INC. and MEISMER #1 LTD. Cease and Desist Order Final
08-28-2003 Zaber John T. Dubuque IA Allegation: Omission from insurance application; false statement to an insurer and the Iowa Insurance Division. Resolution: Consent signed: 2 yr probation; Pay $1000 Fine; $250 Costs Date of Order/Settlement: 2003-08-29 00:00:00
08-28-2003 Dressander Michael S. Naperville IL Allegation: Omission from insurance application; misrepresentation in insurance applications Resolution: Consent signed: 2 yrs probation; Pay $2000 Fine; $500 Costs; Agrees to sign only those applications he personally solicits Date of Order/Settlement: 2003-08-29 00:00:00
08-20-2003 Sebbert Gary A. Muscatine IA Allegation: Advertising violations Resolution: Consent: Cease and desist from advertising violations; 2 years probations; pay $750 Fine; $250 Costs Date of Order/Settlement: 2003-08-21 00:00:00
08-19-2003 In the Matter of North American Resources Inc Cease and Desist Order Final
08-18-2003 Huebner Daniel W. Grinnell IA Allegation: Dishonest or unethical practices in the securities business. Resolution: Consent: Revocation of securities agent license; Revocation of insurance producer license and permanently barred from reapplying for insurance producer license in Iowa. Date of Order/Settlement: 2003-08-19 00:00:00
08-07-2003 Straka Catherine A. Council Bluffs IA Allegation: Misappropriation of client funds Resolution: Consent signed: Insurance license revoked; permanently barred from reapplying for an insurance producer license. Date of Order/Settlement: 2003-08-08 00:00:00
07-31-2003 Kibbee Jason L. Kellogg IA Allegation: Misappropriation of Client Funds; Lack of character and competency Resolution: Order: License permanently revoked. Date of Order/Settlement: 2003-08-01 00:00:00
07-31-2003 Fritsch DeAnn Neola IA Allegation: Misappropriation Resolution: Consent signed: Revocation of Iowa Producer License; permanently barred from reapplying for licensure in the Iowa Date of Order/Settlement: 2003-08-01 00:00:00
07-29-2003 Freese Jason C. Altoona IA Allegation: Intentional misrepresentation of proposed insurance contract; using faudulent coercive or dishonest business practices; failure to cooperate. Resolution: Consent signed: 2 Year supervised probation; May not sell solicit or negotiate contracts during probationary period; submit quarterly reports; subject to reviews; Cooperate with Divisions investigations; pay $1600 Costs Date of Order/Settlement: 2003-07-30 00:00:00
07-22-2003 Johnson Daniel H. Chariton IA Allegation: Violation of Commissioners Order; Dishonest Practices and Incompetence Resolution: Order: Insurance producer license suspended indefinitely; Suspension not lifted until the obligations are current or otherwise resolved. Date of Order/Settlement: 2003-07-23 00:00:00
07-20-2003 Bacon Jerry A. Fort Dodge IA Allegation: Improper sales of insurance products Resolution: Consent signed: Cease and desist from further violations; 2 years probation; report consumer complaints; pay cost of $5000. Date of Order/Settlement: 2003-07-21 00:00:00
07-15-2003 Schatz Kenneth C. Sioux City IA Allegation: Violation of previous order Resolution: Consent:License revoked Date of Order/Settlement: 2003-07-16 00:00:00
07-10-2003 In the Matter of Ocean International Marketing Ltd; Seed International Ltd Cease and Desist Order Final
07-02-2003 Roche Michael J. Madison WI Allegation: License application disclosures Resolution: Consent signed: Pay $500 fine Date of Order/Settlement: 2003-07-03 00:00:00
07-02-2003 NCMIC Insurance Company Des Moines IA Allegation: Failure to file notice of dividends Resolution: Consent signed: List dividends from 1/1/00 to present; Report list of dividends to shareholders within timeframe parameters of declaration; Pay $1500 Fine; $500 Costs Date of Order/Settlement: 2003-07-03 00:00:00