The Securities and Exchange Commission recently issued cease-and-desist orders
against three advisors for misrepresenting their principal place of business in order to maintain their SEC registration.
The FCC served two other cease-and-desist orders
to local unlicensed radio stations this month, according to the commission's records.
State Securities Commissioner Heath Abshure issued three cease-and-desist orders
last week against companies and individuals for selling unregistered securities.
This is an administrative proceeding pursuant to the Federal Deposit Insurance Act ("the FDI Act") in which the Office of the Comptroller of the Currency of the United States of America ("OCC") seeks to prohibit Respondent Carl Thomas from further participation in the affairs of any financial institution, and to issue civil monetary penalties as well as cease-and-desist orders
against all Respondents based on their conduct as institution affiliated parties of First Western Bank, Cooper City, Florida (the "Bank").
We've posted several cease-and-desist orders
on the property, and we will continue to do so.
In the Kenora area, four businesses have received cease-and-desist orders
from the unit.
Colorado, known as a haven for penny-stock cheats during much of the "greed-is-good" 9805, finally gave its securities commissioner, Fred Joseph, the power to issue cease-and-desist orders
against suspected stock-fraud thieves.
Florida regulators have filed cease-and-desist orders
in cases involving the sale of more than $117 million in unregistered securities marketed as interests in viaticated life insurance policies from 1996 to 2001.
The FDIC cease-and-desist orders
were issued to ensure that information systems are in place, internal controls are maintained and the banks' computer-related operations will not fail on January 1, 2000.
The brokers and lenders have 20 days to contest the cease-and-desist orders
and are prohibited from taking on any new loan applications during that time.