Administrative Orders and Actions

PLEASE NOTE: Prior to April 17, 2015, the Division placed both enforcement and administrative orders and actions on this page. After that date, only new administrative orders and actions will be posted here.

Enforcement orders and actions made after that date will be posted at http://www.iid.state.ia.us/enforders_list.

Post date Matter Order Status
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
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