Administrative Orders and Actions

Post date Matter Order Status
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
07-01-2003 Union Security Life Insurance Company Atlanta GA Allegation: Failure to cooperate with Commissioners investigation Resolution: Consent signed: Provide requested information; Pay $500 Fine; Pay $100 Costs Date of Order/Settlement: 2003-07-01 00:00:00
06-29-2003 In the matter of the application of NATIONAL TRAVELERS LIFE MUTUAL HOLDING COMPANY for approval of a plan to acquire control of EMPLOYERS MODERN LIFE COMPANY and to merge NATIONAL TRAVELERS LIFE COMPANY with and into EMPLOYERS MODERN LIFE COMPANY Findings of Fact Conclusions of Law and Order Final