Administrative Orders and Actions

Post date Matter Order Status
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
03-23-2005 Swafford Judi A. Oklahoma City OK Allegation: Failure to disclose on license application; failure to to notify Diviison of prior actions; revocation of license by another state; failure to cooperate with investigation Resolution: Order: License revoked; Pay $250 Fine before licensure may be restored Date of Order/Settlement: 2005-03-23 00:00:00
03-22-2005 Premium Income Corp. Seattle WA Allegation: Sale of unregistered securities in Iowa; misrepresentations and omissions in the sales of unregistered securities Resolution: Cease and desist order in the sale of unregistered securities by an unregistered agent. Date of Order/Settlement: 2005-03-22 00:00:00
03-22-2005 Praul Allen D. Bettendorf IA Allegation: Unregistered securities agent; Selling unregistered securities; Misrepresentations and omissions in the sale of securities Resolution: Cease and desist order in the sale of unregistered securities by an unregistered agent Date of Order/Settlement: 2005-03-22 00:00:00
03-11-2005 In the Matter of Roger R. Parsons Order and Consent to Order Final
03-10-2005 Parsons Roger R. Tea SD Allegation: Failure to report other states actions to Iowa Insurance Division Resolution: Consent signed: Cease and desist from violation of Iowa Code Chapter 522B; Pay $150 Fine and $100 Costs Date of Order/Settlement: 2005-03-10 00:00:00
03-02-2005 In the Matter of LH Ross & Company Inc. Proposed Findings of Fact Conclusions of Law and Order Final
03-01-2005 In the Matter of Sandy Corder Order and Consent to Order Final
02-26-2005 L. H. Ross & Company Inc. Boca Raton FL Allegation: Failed to respond to Division inquiry/investigation Resolution: Suspended until file a full response; $500 Costs Date of Order/Settlement: 2005-02-26 00:00:00
02-24-2005 Corder Sandy Highland IN Allegation: Failure to respond to Division inquiries; submitted insufficient funds check. Resolution: Consent to Order: License revoked; Pay $100 costs and fines before reapplication for licensure in Iowa; Cease and desist any violation of Iowa insurance laws Date of Order/Settlement: 2005-02-24 00:00:00
02-18-2005 Custom Dollar Systems LLC Mercural Wayne Omaha NE Allegation: Failure to register securities misrepresentation; omissions Resolution: Order: Cease and desist the offer of sale of unregistered securities cease and desist acting as agents without registration employer unregistered agents to solicit making untrue statements of material; Pay $5000 fine. Date of Order/Settlement: 2005-02-18 00:00:00
02-09-2005 In the Matter of Pipkin Asset Management Inc.; Chris Howard Pipkin Order and Consent To Order and Agreement Final
01-26-2005 Pipkin Chris Howard Cedar Rapids IA Allegation: Unlicensed investment advisor; Filed misleading Form U-4 Application; failure to report outside business activities; misrepresentations; omissions; effective transactions through deceptive means. Resolution: Order and Consent to Order and Agreement: 23 month bar on reapplying for an Iowa securities agent license; agrees to reimburse Division $1000 for costs incurred Date of Order/Settlement: 2005-01-26 00:00:00
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