Administrative Orders and Actions

Post date Matter Order Status
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
03-23-2004 In the Matter of Roy A. Evanovich Order and Consent to Order  
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
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
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
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
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
03-15-2004 In the Matter of Jason C. Urista Proposed Findings of Fact Conclusions of Law and Order  
03-15-2004 In the Matter of Noel S. Rose Order for Entry of Default Judgement Final
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
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
03-11-2004 In the Matter of Markis K. Revland Proposed Findings of Fact Conclusions of Law and Order Final
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
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
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
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
03-01-2004 In the Matter of Michael Segal Order and Consent to Order and Agreement Final
03-01-2004 In the Matter of Derrick Riley Order and Consent to Order Final
03-01-2004 In the Matter of Terry G. Frey Proposed Findings of Fact Conclusions of Law and Order Final
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
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
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
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
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
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
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
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
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
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
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
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
02-10-2004 In the Matter of James H. Opheim Order and Consent To Order Final
02-10-2004 In the Matter of Gary B. Ronnfeldt Order and Consent To Order and Agreement Final
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
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
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
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