Division of Securities Press Releases

Colorado.gov

Press Releases

May 2, 2012	DENVER INVESTMENT FIRM AND ITS OWNERS CHARGED WITH SECURITIES LAW VIOLATIONS Denver, Colorado --- Colorado Banking and Securities Commissioner Fred Joseph announced today that he has filed fraud charges in Denver District Court against three individuals and their related businesses alleging that they have violated the anti-fraud and licensing provisions of the Colorado Securities Act in connection with their marketing and soliciting of investors to invest in a Pennsylvania hedge fund that was operated as a Ponzi scheme. Named in the complaint are Michael Philip McNamara, John Staiano, Jon Bradon Peterson a/k/a Brad Peterson, all of Denver, Colorado, and their business entities, Brentwood Equity Advisors, LLC, Jomac, LLC, and Sierra Capital Resources, LLC, also all of Denver, Colorado.
April 20, 2012	Denver DA - Insurance Broker Sentenced to Prison A man accused of stealing more than a million dollars from elderly victims has been sentenced to prison today in Denver District Court. The case is the result of an investigation by the Colorado Division of Securities.
February 24, 2012	FLORIDA OIL AND GAS COMPANY SANCTIONED BY SECURITIES COMMISSIONER Denver, Colorado --- Colorado Securities Commissioner Fred Joseph announced today that he has entered a final cease and desist order against a Florida company, its president, and a salesperson who offered investments in two oil and gas wells to a Colorado investor for allegedly violating the securities registration, licensing and anti-fraud provisions of the Colorado Securities Act (“Act”) in connection with the offer and sale of securities in Colorado. Named in the Order are United States Energy Corporation, located in Boca Raton, Florida, its president, Glenn Hoppes, of St. Augustine, Florida, and Joseph Hilton, who is also known as Joseph Yurkin, and his company, New Horizon Publishing, Inc., both of Boca Raton, Florida.
February 23, 2012	SECURITIES COMMISSIONER SANCTIONS FLORIDA MEDICAL COMPANY Denver, Colorado --- Colorado Securities Commissioner Fred Joseph announced today that he has entered a final cease and desist order against a Florida medical company for allegedly violating the securities registration, licensing, and anti-fraud provisions of the Colorado Securities Act (“Act”) in connection with the offer of securities in and from Colorado. Named in the Order are Promed Alliance International, Inc. its chief executive officer, Willis B. Hale, both located in Deerfield Beach, Florida, and two salesmen for Promed: Joseph Hilton, who previously used another name, Joseph Yurkin, of Boca Raton, Florida; and Robert D. Allara, also of Boca Raton, Florida. Also named in the Order was Hilton’s company, New Horizon Publishing, Inc.
January 18, 2012	Investor Education in Your Community® Programs Offered Free to the Public In an investor protection effort to better empower investors to build and safeguard their future, Colorado’s Department of Regulatory Agencies (“DORA”) is pleased to announce a series of free upcoming financial management programs for Denver area businesses and organizations. DORA’s Division of Securities is able to sponsor these seminars through funding by the Investor Protection Trust (“IPT”), an organization whose mission is to provide consumers with independent, objective information and help them make informed investment decisions.
December 15, 2011	Colorado Securities Commissioner Agrees to Auction Rate Securities Settlement with Raymond James & Associates, Inc., and Raymond James Financial Services, Inc.
November 16, 2011	AURORA MAN OFFERING STOCK ORDERED TO STOP BY SECURITIES COMMISSIONER Denver, Colorado --- Colorado Commissioner of Banking and Securities Fred Joseph announced today that he has entered a final cease and desist order against an Aurora man offering stock in his company for allegedly violating the securities registration provisions of the Colorado Securities Act (“Act”) in connection with the offer of securities in Colorado. Named in the Order is James F. Trenholm of Aurora, Colorado.
October 26, 2011	TEXAS BROKERAGE FIRM’S LICENSE REVOKED FOR IMPROPER SALES PRACTICES Colorado Banking and Securities Commissioner Fred Joseph announced today that he Colorado broker-dealer license of O&G Securities, Inc., a Texas based securities brokerage firm, has been revoked. In addition to the revocation of the firm’s license, the Colorado securities license of one of the principals of the firm, Mary Martha Simpson, was also revoked.
October 19, 2011	*Colorado Securities Commissioner Announces Settlement of its Auction Rate Securities Enforcement Action against ETRADE** Colorado Securities Commissioner Fred Joseph announced today that a settlement in principle has been reached between ETRADE Securities, LLC, and the Colorado Division of Securities settling its enforcement action against ETRADE related to its sale of auction rate securities to Colorado investors. Under the settlement agreement, ETRADE agreed to buy back approximately $3.5 million worth of auction rate securities from Colorado investors who found themselves unable to sell their securities after they had been frozen in the auction rate securities ("ARS") market. The settlement also includes a broader agreement by ETRADE to return approximately $100 million to the firm’s clients on a nationwide basis.
October 6, 2011	SECURITIES COMMISSIONER ORDERS CALIFORNIA FIRM TO STOP PROMOTING INVESTMENTS IN IRAQI DINARI Denver, Colorado --- Colorado Securities Commissioner Fred Joseph announced today that he has entered a final cease and desist order against a California company and its managing director for allegedly violating the securities registration provisions of the Colorado Securities Act (“Act”) in connection with the offer of securities in Colorado. Named in the Order is AmIraq Fund, LP, its general partner, BB&M International Corporation, and the managing director and CEO of both, William Burbank, all of all of Coronado, California.
September 23, 2011	PROMOTER OF PROPOSED PRO BASKETBALL TEAM SANCTIONED BY SECURITIES COMMISSIONER Denver, Colorado --- Colorado Securities Commissioner Fred Joseph announced today that he has entered a final cease and desist order against a Greeley man for allegedly violating the securities registration provisions of the Colorado Securities Act (“Act”) in connection with the offer of securities in and from Colorado. Named in the Order is Patrick A. Kelly. Mr. Kelly placed advertisements on Craigslist for investors in his start-up professional basketball team called the Colorado Cougars. Mr. Kelly was seeking investors to finance the business of the Cougars with the plan that the Cougars would join or play in the American Basketball League, a minor league professional basketball league. The advertisements on Craigslist included language that Mr. Kelly was looking for a sports minded angel investor for a small short term loan (20% ROI) or partial ownership for the right person.
August 20, 2011	FRED JOSEPH APPOINTED TO DUAL POST AS COLORADO’S BANKING AND SECURITIES COMMISSIONER
August 16, 2011	CALIFORNIA ENVIRONMENTAL COMPANY SANCTIONED BY SECURITIES COMMISSIONER Denver, Colorado --- Colorado Securities Commissioner Fred Joseph announced today that he has entered a final cease and desist order against two California companies, and their president and CEO, and a sales agent for allegedly violating the securities registration and licensing provisions of the Colorado Securities Act (“Act”) in connection with the offer and sale of securities in Colorado. Named in the Order are Energy & Environment Investments, LLC, its manager, Energy & Environment, Inc., the president, CEO and manager of both companies, Amir A. Sardari, and their sales agent, Timothy Sides, all of Costa Mesa, California.
August 15, 2011	(GOLDEN, CO — August 15, 2011) A Jefferson County grand jury has indicted a Lakewood man on four counts of violation of the Colorado Securities Act for fraudulent activities involving an investment club he organized in 2006. Arthur Joseph Dertina, DOB: 3-19-39, organized an investment club called the Denver Stock Market Investors Club (DSMIC). It was a general partnership with its main office located in Lakewood. The fraudulent activity is alleged to have occurred between October 2006 and June 2008.
May 10, 2011	SECURITIES COMMISSIONER ORDERS TEXAS MAN TO STOP SELLING UNREGISTERED SECURITIES IN COLORADO Denver, Colorado --- Colorado Securities Commissioner Fred Joseph announced today that he has entered a final cease and desist order against a Texas man for allegedly violating the securities registration provisions of the Colorado Securities Act (“Act”) in connection with the offer of securities in and from Colorado. Named in the Order is Brian Creamer, who was doing business as Re-Cycles Motorsports, located in West Detroit, Texas.
April 11, 2011	TEXAS OIL AND GAS COMPANY SANCTIONED BY SECURITIES COMMISSIONER Denver, Colorado --- Colorado Securities Commissioner Fred Joseph announced today that he has entered a final cease and desist order against a Texas oil and gas company for allegedly violating the securities registration and licensing provisions of the Colorado Securities Act (“Act”) in connection with the offer of securities in and from Colorado. Named in the Order are The Mieka Corporation, operating out of Dallas, Texas, its managing director, Daro Blankenship, and Stephen Romo, one of Mieka’s sales agents, both also of the Dallas area.
March 15, 2011	Colorado Securities Commissioner Agrees to Auction Rate Securities Settlement with Morgan Stanley & Co. Incorporated Colorado Securities Commissioner Fred Joseph announced today the entry of a Consent Order that finalizes the terms of settlement between the Colorado Division of Securities and Morgan Stanley & Co. Incorporated. Under the settlement agreement, Morgan Stanley agreed to buy back in excess of $127 million worth of auction rate securities from Colorado investors who found themselves unable to sell their securities after they had been frozen in the auction rate securities ("ARS") market.
March 7, 2011	HEALTHCARE TECHNOLOGY COMPANY SANCTIONED BY SECURITIES COMMISSIONER Denver, Colorado --- Colorado Securities Commissioner Fred Joseph announced today that he has entered a final cease and desist order against a Tennessee healthcare information technology company and its management for allegedly violating the securities registration provisions of the Colorado Securities Act (“Act”) in connection with the offer of securities in Colorado. Named in the Order are The iPractice Group, Inc., (“iPractice”) and its chief executive officer, Ting N. Chang, its chief operating officer, Michael Jason Morgan, and one of its sales agents, Colin Purcell. All are of Nashville, Tennessee.
February 16, 2011	CALIFORNIA REAL ESTATE COMPANY SANCTIONED BY SECURITIES COMMISSIONER Denver, Colorado --- Colorado Securities Commissioner Fred Joseph announced today that he has entered a final cease and desist order against a Sherman Oaks, California real estate company for allegedly violating the securities registration and anti-fraud provisions of the Colorado Securities Act (“Act”) in connection with the offer of securities in and from Colorado. Named in the Order are Advantage Property Ventures, L.P., and two of its managers, Shawn Wikoff and Paul J. Petonak, both of Sherman Oaks, California.
February 15, 2011	CALIFORNIA MOVIE PRODUCTION COMPANY SANCTIONED BY SECURITIES COMMISSIONER Denver, Colorado --- Colorado Securities Commissioner Fred Joseph announced today that he has entered a final cease and desist order against two California companies and their manager for allegedly violating the securities registration provisions of the Colorado Securities Act (“Act”) in connection with the offer of securities in Colorado. Named in the Order are Poker Junkies Productions, LLC, Abundance Entertainment, LLC, and their principal manager, John Hermansen, all of Los Angeles, California.
January 12, 2011	Colorado Securities Commissioner Agrees to Auction Rate Securities Settlement with Goldman, Sachs & Co. Colorado Securities Commissioner Fred Joseph announced today the entry of a Consent Order that finalizes the terms of settlement between the Colorado Division of Securities and Goldman, Sachs & Co. Under the settlement agreement, Goldman Sachs agreed to buy back in excess of $5 million worth of auction rate securities from Colorado investors who found themselves unable to sell their securities after they had been frozen in the auction rate securities ("ARS") market.
January 6, 2011	TEXAS OIL AND GAS COMPANY SANCTIONED BY SECURITIES COMMISSIONER Denver, Colorado --- Colorado Securities Commissioner Fred Joseph announced today that he has entered a final cease and desist order against a Texas company, its president, and a sales agent who offered the company’s securities in Colorado for allegedly violating the securities registration, licensing and anti-fraud provisions of the Colorado Securities Act (“Act”) in connection with the offer and sale of securities in Colorado. Named in the Order are Langley Energy, Inc., its president, Mike W. Langley, both from Dallas, Texas, and one of its salesmen, Michael R. Murphy, from McKinney, Texas.
December 15, 2010	CALIFORNIA ENVIRONMENTAL COMPANY SANCTIONED BY SECURITIES COMMISSIONER Denver, Colorado --- Colorado Securities Commissioner Fred Joseph announced today that he has entered a final cease and desist order against a California company, its managing member, and the president and CEO for allegedly violating the securities registration and anti-fraud provisions of the Colorado Securities Act (“Act”) in connection with the offer and sale of securities in Colorado. Named in the Order are Green Warrior, LLC, its managing member, Green Warrior, Inc., and the president and CEO of Green Warrior, Inc., Harold Nicholas Green a/k/a Dr. Nicholas H. Green, all of Irvine, California.
December 14, 2010	AURORA MAN JAILED IN SECURITIES INVESTIGATION Colorado Securities Commissioner Fred Joseph announced today that an Aurora man, Stanley B. Roberson, was sentenced to one year in jail after being found in contempt of a court order. Mr. Roberson is the chief executive officer of Her Majesty's Credit Union, a U.S. Virgin Island company with a servicing office in Denver.
November 24, 2010	DENVER COMPANY SANCTIONED BY SECURITIES COMMISSIONER Denver, Colorado --- Colorado Securities Commissioner Fred Joseph announced today that he has entered a final cease and desist order against a Denver man and his company for allegedly violating the securities registration provisions of the Colorado Securities Act (“Act”) in connection with the offer of securities in Colorado. Named in the Order is Christopher M. Yates, and his company, CM Yates, Inc., which is located in Denver, Colorado.
November 10, 2010	BOULDER MAN SANCTIONED BY SECURITIES COMMISSIONER Denver, Colorado --- Colorado Securities Commissioner Fred Joseph announced today that he has entered a final cease and desist order against a Boulder man for allegedly violating the securities registration and anti-fraud provisions of the Colorado Securities Act (“Act”) in connection with the offer of securities in Colorado. Named in the Order is John C. Ball, and his company, The Resort at Pikes Peak, LLC, both from Boulder, Colorado.
October 12, 2010	MAN CHARGED IN PONZI SCHEME Denver District Attorney Mitch Morrissey has formally charged a hedge fund manager with racketeering and other felony counts today. Sean Michael Mueller (dob: 08-31-68) is charged with violating the Colorado Organized Crime Control Act (COCCA) (F2), securities fraud (F3) and two counts of theft (F3).
September 14, 2010	DENVER MAN SANCTIONED BY SECURITIES COMMISSIONER Denver, Colorado --- Colorado Securities Commissioner Fred Joseph announced today that he has entered a final cease and desist order against a Denver man for allegedly violating the securities registration provisions of the Colorado Securities Act (“Act”) in connection with the offer of securities in Colorado. Named in the Order is Brian T. Waring, and his company, New Equity Now, LLC. Also named in the Order is Proper Investments, LLC. All are of Denver, Colorado.
September 8, 2010	BOULDER INVESTMENT FIRM AND ITS OWNER CHARGED WITH SECURITIES LAW VIOLATIONS DENVER DISTRICT COURT ENJOINS SECURITIES LAW VIOLATIONS Denver, Colorado --- Colorado Securities Commissioner Fred J. Joseph announced today that he has filed a complaint in Denver District Court and obtained a temporary restraining order and asset freeze against Mark Hamilton Yost and his company, Yost, Co., alleging that they are violating the anti-fraud and licensing provisions of the Colorado Securities Act (“Act”). On September 8, 2010, Denver District Court Judge William Hood entered a temporary restraining order, which prohibits the Defendants from offering or selling securities in Colorado and violating the registration, licensing and anti-fraud provisions of the Colorado Securities Act. In addition, Judge Hood entered an order freezing various bank accounts held by Yost and his company.
September 2, 2010	INDIANA OIL AND GAS COMPANY SANCTIONED BY SECURITIES COMMISSIONER Denver, Colorado --- Colorado Securities Commissioner Fred Joseph announced today that he has entered a final cease and desist order against a Indiana company, its former managing member, and three sales people who offered the company’s securities in Colorado for allegedly violating the securities registration, licensing and anti-fraud provisions of the Colorado Securities Act (“Act”) in connection with the offer and sale of securities in Colorado. Named in the Order are Earth Energy Developments, LLC, which did business as Earth Energy Exploration, LLC, a Jeffersonville, Indiana company, its former manager, Jason W. Towe, of Bowling Green, Kentucky, and three of its salesman, Bill Lawrence of Hillview, Kentucky, Teresa Floyd, of Shepherdsville, Kentucky, and Mark D. Long of Louisville, Kentucky.
August 4, 2010	UTAH TECHNOLOGY COMPANY SANCTIONED BY SECURITIES COMMISSIONER Denver, Colorado --- Colorado Securities Commissioner Fred Joseph announced today that he has entered a final cease and desist order against a Utah company, its CEO, a Virginia company, and its public relations director, for allegedly violating the securities registration, licensing and anti-fraud provisions of the Colorado Securities Act (“Act”) in connection with the offer and sale of securities in Colorado. Named in the Order are Green Processing Technologies, Inc., and its CEO, Stephen D. Cummins, both of Salt Lake City, Utah, and Lion Global Strategies, LLC, and its public relations officer, Omar L. Plummer, both of Fairfax, Virginia.
July 29, 2010	Colorado Securities Commissioner Agrees to Auction Rate Securities Settlement with Wells Fargo Investments, LLC Colorado Securities Commissioner Fred Joseph announced today the entry of a Consent Order between the Colorado Division of Securities and Wells Fargo Investments, LLC. Under the terms of the Consent Order, Wells Fargo Investments agreed to offer to buy back $34.6 million worth of auction rate securities from Colorado investors who purchased auction rate securities through Wells Fargo Investments and found themselves unable to sell their securities in February of 2008 after they had been frozen in the auction rate securities ("ARS") market.
July 21, 2010	*ETRADE SECURITIES CHARGED WITH FRAUDULENT SALES OF AUCTION RATE SECURITIES Denver, Colorado** --- Colorado Securities Commissioner Fred Joseph announced today the Securities Division Staff has filed charges against New York based broker-dealer ETrade Securities, LLC alleging that ETrade Securities falsely represented auction rate securities as liquid, short-term investments to Colorado investors without discussing the risks. These representations gave investors a false sense of security that the investments would always be liquid when auction rate securities, in fact, faced significant, inherent liquidity risks. In the complaint, the Division alleges that E*Trade Securities violated the Colorado Securities Act by making false representations to investors, failed to adequately supervise its sales force, and engaged in unfair and dishonest dealings by making unsuitable recommendations to its customers.
June 28, 2010	ENGLEWOOD MAN SANCTIONED BY SECURITIES COMMISSIONER DENVER --- Colorado Securities Commissioner Fred Joseph announced today that he has entered a final cease and desist order against a Colorado company and its owner for allegedly violating the securities registration and anti-fraud provisions of the Colorado Securities Act (“Act”) in connection with the offer of securities in and from Colorado. Named in the Order are Epic Equitable, LLC, and its owner and manager, Isaac R. Bruton (a/k/a Michael Isaac Brouton), both of Englewood, Colorado. Mr. Bruton also conducted business under the trade name Sapphire Capital Partners.
June 2, 2010	SECURITIES COMMISSIONER TAKES ENFORCEMENT ACTION AGAINST TEXAS OIL AND GAS COMPANY Denver, Colorado --- Colorado Securities Commissioner Fred Joseph announced today that Denver District Court Judge Sheila Rappaport has entered a permanent injunction against a Texas oil and gas company for allegedly violating the securities registration and anti-fraud provisions of the Colorado Securities Act (“Act”) in connection with the offer of securities in and from Colorado. Named in the court order are Sethi Oil & Gas, Inc., and its founder and president, Sameer P. Sethi, both of Plano, Texas.
May 25, 2010	Colorado Securities Commissioner Agrees to TD Ameritrade Auction Rate Securities Settlement
May 13, 2010	Colorado Securities Commissioner Agrees to UBS Securities and UBS Financial Services Auction Rate Securities Settlement
April 12, 2010	GREELEY STOCKBROKER SANCTIONED IN MEDICAL CAPITAL SECURITIES OFFERING Denver, Colorado --- Colorado Securities Commissioner Fred J. Joseph announced today that he has entered an order that has resulted in the revocation of John B. Guyette's securities license to sell securities in Colorado for allegedly violating the securities registration provisions of the Colorado Securities Act (“Act”) in connection with the offer and sale of securities of Medical Capital Holdings.
February 8, 2010	SECURITIES COMMISSIONER ISSUES CEASE AND DESIST ORDER FOR UNREGISTERED SALES Denver, Colorado --- Colorado Securities Commissioner Fred J. Joseph announced today that he has entered a final cease and desist order against a Colorado company and its owner for allegedly violating the securities registration provisions of the Colorado Securities Act (“Act”) in connection with the offer of securities in and from Colorado. Named in the Order are American Imaging Solutions, Inc., and its principal, John C. Walshe, Jr., both of Denver, Colorado.
February 2, 2010	Colorado Securities Commissioner Agrees to Merrill Lynch Settlement Regarding Unlicensed Salespeople DENVER - Colorado Securities Commissioner Fred Joseph announced today the terms of a settlement between the Colorado Division of Securities and Merrill Lynch, Pierce, Fenner & Smith, Inc., stemming from the Division of Securities' claims that the brokerage firm allowed their client associates to sell securities without being properly licensed.
January 29, 2010	TEXAS OIL AND GAS COMPANY CHARGED WITH SECURITIES LAW VIOLATIONS Denver, Colorado --- Colorado Securities Commissioner Fred Joseph announced today that he has filed a complaint in Denver District Court against two individuals and their business alleging that they have violated the anti-fraud and registration provisions of the Colorado Securities Act in connection with their marketing of investments in oil and gas ventures in Texas. Named in the Complaint are Sethi Oil & Gas, Inc., its founder and president, Sameer P. Sethi, and Travis Burt, all of Plano, Texas.
January 20, 2010	Colorado Securities Commissioner Agrees to Deutsche Bank Securities Inc. Auction Rate Securities Settlement Colorado Securities Commissioner Fred Joseph announced today the terms of a settlement between the Colorado Division of Securities and Deutsche Bank Securities Inc. ("DBSI"). Under the terms of the settlement, DBSI agreed to buy back $21.4 million worth of auction rate securities from retail Colorado investors who found themselves unable to sell their securities after they had been frozen in the auction rate securities ("ARS") market.
January 14, 2010	PENNSYLVANIA OIL AND GAS COMPANY SANCTIONED BY SECURITIES COMMISSIONER Denver, Colorado --- Colorado Securities Commissioner Fred Joseph announced today that he has entered a final cease and desist order against a Pennsylvania oil and gas company for allegedly violating the securities registration provisions of the Colorado Securities Act (“Act”) in connection with the offer of securities in and from Colorado. Named in the Order are Northeastern Consolidated Energy Partners, Inc., its president, Jon V. Malis, and Timothy D. Coleman, all of Oil City, Pennsylvania.
December 27, 2009	Colorado Securities Commissioner Announces Settlement with Stifel Nicolaus in Auction Rate Securities Case
November 25, 2009	CLARIFICATION OF NEWS RELEASE CONCERNING CREDIT SUISSE SECURITIES AUCTION RATE SECURITIES SETTLEMENT
November 24, 2009	Colorado Securities Commissioner Agrees to Credit Suisse Securities (USA) LLC, Auction Rate Securities Settlement
November 19, 2009	Colorado Securities Commissioner Agrees to JPMorgan Chase & Co., Auction Rate Securities Settlement
November 17, 2009	SECURITIES COMMISSIONER SANCTIONS TEXAS OIL AND GAS COMPANY NUECES VALLEY RESOURCES, INC AND GEORGE BURRELL
November 16, 2009	SETHI OIL & GAS, INC. AND SAMEER P. SETHI SANCTIONED BY SECURITIES COMMISSIONER
November 13, 2009	GHP CAPITAL CORPORATION AND GEORGE JUST SANCTIONED BY SECURITIES COMMISSIONER
November 10, 2009	SECURITIES COMMISSIONER OBTAINS ASSET FREEZE OF Jerrald Green and Wealth Systems International, Ltd, Delgreene Credit Services, LLC, Delgreene Financial services, LLC, American Premium Financial, LLC, Delgreene Capital Management, LLC, and Wealth Administration Services, LLC., ORCHESTRATING A $12 MILLION INVESTMENT SCHEME
October 19,2009	TEXAS OIL AND GAS COMPANY, Regal Energy, LLC, Brian Hardwick, and John Michael Peddecord, II, SANCTIONED BY SECURITIES COMMISSIONER
October 1, 2009	STIFEL, NICOLAUS & COMPANY CHARGED WITH FRAUDULENT SALES OF AUCTION RATE SECURITIES
September 4, 2009	Colorado Regulators Lead Two National Regulatory Associations, Both Hosting Conferences in Denver Next Week
September 3, 2009	Colorado Securities Commissioner Agrees to Auction Rate Securities Settlement With RBC Capital
August 28, 2009	Former Stockbroker, Brian V. Prendergast, was sentenced to 6 Years for Securities Fraud and Theft
August 24, 2009	Colorcom, Ltd, and IFR Technologies, Inc. doing business as Accelerated I/O Inc. and Joseph D. Doll and Richard H. Janoka CHARGED WITH SECURITIES LAW VIOLATIONS
July 23, 2009	Heartland Energy, Inc./HEI Resources, Inc. CHARGED WITH SECURITIES LAW VIOLATIONS
July 16, 2009	Colorado Securities Commissioner Agrees to Banc of America Auction Rate Securities Settlement
June 25, 2009	COSTA RICAN TREE GROWING COMPANY, Finca Leola SA, and Fred Morgan, SANCTIONED BY SECURITIES COMMISSIONER
June 18, 2009	Colorado Securities Commissioner Agrees to Merrill Lynch Auction Rate Securities Settlement
June 4, 2009	The Department of Regulatory Agencies (DORA) is pleased to announce that its Colorado Securities Commissioner, Fred Joseph, who is also the president of the North American Securities Administrators Association, has been appointed to the Securities and Exchange Commission's Investor Advisory committee.
May 29, 2009	LAS VEGAS REAL ESTATE DEVELOPMENT COMPANY, Southwest Opportunity Partners, LLC, and the managing member and control person of Southwest Opportunity, Robert Davis, SANCTIONED BY SECURITIES COMMISSIONER
May 29, 2009	GRAND JUNCTION REAL ESTATE COMPANY, Valley Mortgage, Inc d/b/a Valley Investments, Inc. AND ITS OWNER, Phillip R. Lochmiller, CHARGED WITH SECURITIES LAW VIOLATIONS
May 21, 2009	SECURITIES COMMISSIONER ORDERS CANADIAN REAL ESTATE COMPANY TO STOP SELLING SECURITIES IN COLORADO Named in the Order are Belize Equities Holding, also known as Belize Equities, Inc., Walter International Inc., the president and CEO of Walter International, Ernie H.A. Walter, and Gerry D. Dyck, all of Winnipeg, Manitoba, Canada.
May 6, 2009	Wachovia Settles Multistate Enforcement Actions Involving the Marketing of Auction Rate Securities
March 26, 2009	NASAA President Proposes Expanded Role of State Securities Regulators in Testimony Before U.S. Senate Banking Committee
March 24, 2009	NASAA President and Colorado's Securities Commissioner to Offer Proposals to Bolster Financial Services Regulation in Testimony Before the U.S. Senate Banking Committee
March 16, 2009	SAN DIEGO REAL ESTATE COMPANY, Sovereign Capital Management, Inc. and Todd Anthony Mikles and James Hadzicki, SANCTIONED BY SECURITIES COMMISSIONER
March 11, 2009	Colorado to Receive $1.24 Million in Citigroup Settlement Citigroup Global Markets, Inc. Settles Multistate Enforcement Actions Involving Widespread Marketing of Auction Rate Securities as Cash Equivalents, Followed by the Collapse of the Auction Rate Securities Market in February, 2008.
February 18, 2009	TEXAS INTERNET COMPANY, Tier One Converged Networks, Inc., Kevin Weaver, and Pat Dunn, SANCTIONED BY SECURITIES COMMISSIONER
February 13, 2009	Kenneth A. Grant, Grant Communities and Yankee Investments, LLC. SANCTIONED BY SECURITIES COMMISSIONER
January 6, 2009	THE RESERVE FUND CHARGED WITH SECURITIES LAW VIOLATIONS Denver, Colorado --- Colorado Securities Commissioner Fred J. Joseph announced today that he has filed a complaint in Denver District Court against a New York money market fund alleging that they have violated the anti-fraud provisions of the Colorado Securities Act in connection with the investment of public money by a Colorado local government investment pool trust fund.
December 3, 2008	SECURITIES COMMISSIONER OBTAINS COURT ORDER AGAINST LIFE PARTNERS, INC.
November 17, 2008	CALIFORNIA MOVIE PRODUCTION COMPANY, Gigapix Studios, Inc., OZ3D, LLC., and their principal manager, Christopher Blauvelt,SANCTIONED BY SECURITIES COMMISSIONER
November 10, 2008	BROOMFIELD COMPANY, Treebanking, Inc., and its principal officers and managers, Daniel M. Tefft and Jocelyne M. Grzela-Tefft, SANCTIONED BY SECURITIES COMMISSIONER
November 5, 2008	CALIFORNIA BROKERAGE FIRM, Malory Investments, LLC, and Ronald Stein, BARRED FROM SECURITIES INDUSTRY IN COLORADO
September 24, 2008	Denver, Colorado --- Colorado Securities Commissioner Fred J. Joseph announced today that he has entered a final cease and desist order against a Monument, Colorado real estate construction company for allegedly violating the securities registration provisions of the Colorado Securities Act (“Act”) in connection with the offer of securities in and from Colorado. Named in the Order are Trail Creek Apartments, LLC, and one of its managers, Paul J. Stewart, of Monument, Colorado.
September 3, 2008	Denver, Colorado --- Colorado Securities Commissioner Fred J. Joseph announced today that he has entered a final cease and desist order against a Texas oil and gas company for allegedly violating the securities registration, licensing, and anti-fraud provisions of the Colorado Securities Act (“Act”) in connection with the offer of securities in and from Colorado. Named in the Order are Legacy Capital Energy Group, LLC, a Texas limited liability company, and its managing member and president, Sami A. London a.k.a. Sami A. Mahomed, its vice-president, Justin W. Werst, and a sales representative, Anthony R. Bookman, all of Colleyville, Texas.
June 25, 2008	Denver, Colorado --- Colorado Securities Commissioner Fred J. Joseph announced today that he has entered a final cease and desist order against an Erie, Colorado real estate developer. It orders him to stop offering or selling securities in Colorado for violating the securities anti-fraud and registration provisions of the Colorado Securities Act (“Act”) in connection with the offer of securities in Colorado. Named in the Order are Morganti Properties, LLC, and Ricardo Morganti. Morganti Properties operates out of Erie, Colorado, and Mr. Morganti resides in Longmont, Colorado.
June 24, 2008	Denver, Colorado – Colorado Securities Commissioner Fred Joseph announced today that he has settled his enforcement action against Jason J. Sharkey, of Denver, Colorado, arising from the offer and sale of securities in Klytie’s Developments, Inc., and Klytie’s Developments, LLC, to Colorado investors. There were at least 50 investors who have invested over $2.25 million with Klytie’s Developments.
June 5, 2008	Denver, Colorado --- Colorado Securities Commissioner Fred J. Joseph announced today that he has entered a final cease and desist order against a Golden, Colorado oil and gas company and its principals for allegedly violating the securities registration and anti-fraud provisions of the Colorado Securities Act (“Act”) in connection with the offer of securities in and from Colorado. Named in the Order are Peak Oil, LLC, and its managing members or principals, Jerry Goedert, and Elizabeth Goedert, all of Golden, Colorado.
May 22, 2008	Denver, Colorado --- Colorado Securities Commissioner Fred J. Joseph announced today that he has entered a final cease and desist order against an Oklahoma real estate developer to stop offering or selling securities in Colorado for violating the securities anti-fraud and registration provisions of the Colorado Securities Act (“Act”) in connection with the offer of securities in Colorado. Named in the Order is Troy B. Labani of Oklahoma City, Oklahoma.
May 13, 2008	Denver, Colorado --- Colorado Securities Commissioner Fred J. Joseph announced today that he has entered a final cease and desist order against a Colorado real estate residential development company and its manager for allegedly violating the securities registration provisions of the Colorado Securities Act (“Act”) in connection with the offer of securities in and from Colorado. Named in the Order are Peak Financial Group, LLC, and its principal officer and manager, John Scott Buckley, with an address of 7887 E. Belleview Avenue, Suite 1100, Englewood, Colorado 80111.
April 28, 2008	Denver, Colorado --- Colorado Securities Commissioner Fred J. Joseph announced today that he has entered a final cease and desist order against a Colorado company and its owner for allegedly violating the securities registration and anti-fraud provisions of the Colorado Securities Act (“Act”) in connection with the offer of securities in and from Colorado. Named in the Order are DH Products, LLC, and its owner and manager, Carl "Dusty" Hill, both of Longmont, Colorado.
April 11, 2008	Denver, Colorado --- Colorado Securities Commissioner Fred J. Joseph announced today that he has filed a complaint in Denver District Court and obtained a preliminary injunction against Dharma Investment Group, LLC, and its two owners, Bela A. Geczy and Michael B. Kass, alleging that they are violating the registration provisions of the Colorado Securities Act (“Act”). On April 10, 2008, Denver District Court Judge Stephen Phillips entered a preliminary injunction, which prohibits the Defendants from offering or selling securities in Colorado and violating the registration, licensing and anti-fraud provisions of the Colorado Securities Act. Judge Phillips also appointed John C. Smiley of the Denver law firm of Lindquist and Vennum to act as receiver over the assets of Dharma Investment Group and all related entities.
April 8, 2008	Denver, Colorado --- Colorado Securities Commissioner Fred J. Joseph announced today that he has entered a final cease and desist order against a Colorado real estate investment firm and its manager for allegedly violating the securities registration provisions of the Colorado Securities Act (“Act”) in connection with the offer of securities in and from Colorado. Named in the Order are A&M Properties, LLLP, and its principal officer and manager, Gerald E. Kessel, of Newport Realty Investments, Ltd., all of Englewood, Colorado.
March 14, 2008	Denver, Colorado --- Colorado Securities Commissioner Fred J. Joseph announced today that he has entered a final cease and desist order against a Florida hedge fund for allegedly violating the securities registration, licensing, and anti-fraud provisions of the Colorado Securities Act (“Act”) in connection with the offer of securities in and from Colorado. Named in the Order are The Black Diamond Fund, LLLP, a Minnesota limited liability partnership operating out of Florida, its general manager, Wealth Strategy Partners, and Harvey Altholtz, both of Sarasota, Florida. Mr. Altholtz directs and controls both The Black Diamond Fund and Wealth Strategy Partners from offices in Sarasota, Florida.
February 29, 2008	Denver, Colorado --- Colorado Securities Commissioner Fred J. Joseph announced today that he has entered a final cease and desist order against a New Mexico pro football team, The New Mexico Wildcats, LLC, and its general manager, Steven J. Mascarenas, for violating the securities registration provisions of the Colorado Securities Act (“Act”) in connection with the offer of securities in and from Colorado.
February 21, 2008	Denver, Colorado --- Colorado Securities Commissioner Fred J. Joseph announced today that he has filed a complaint in Denver District Court and obtained a temporary restraining order against Sterling Partners Group, Ltd., and its sole owner, Jay LeBoeuf, alleging that they are violating the registration, licensing and anti-fraud provisions of the Colorado Securities Act (“Act”). On February 13, 2008, Denver District Court Judge Norman Haglund entered a temporary restraining order, which prohibits the Defendants, LeBoeuf and Sterling, from offering or selling securities in Colorado and violating the anti-fraud provisions of the Colorado Securities Act.
February 13, 2008	Denver, Colorado --- Colorado Securities Commissioner Fred J. Joseph announced today that he has entered a final cease and desist order against two Minnesota land investment companies for allegedly violating the securities registration and anti-fraud provisions of the Colorado Securities Act (“Act”) in connection with the offer of securities in and from Colorado. Named in the Order are Loring Freshwater Fund LP USA and Loring Blue Water Views, and their principal officer, director and control person, Patrick J. O'Neil, all of Minneapolis, Minnesota. Loring and O'Neil promoted in Colorado so-called waterfront land investments located in Costa Rica. Also named in a corresponding order are Robert W. Priest, and his companies, Bob Priest Financial, Inc., and Real IRA, Inc., all of Silverthorne, Colorado. Priest acted as a sales agent in Colorado for Loring and O'Neil.
January 29, 2008	Denver, Colorado --- Colorado Securities Commissioner Fred J. Joseph announced today that he has entered a final cease and desist order against a Wyoming oil and gas company for allegedly violating the securities registration, licensing, and anti-fraud provisions of the Colorado Securities Act (“Act”) in connection with the offer of securities in and from Colorado. Named in the Order are Painted Horse, LLC, a Wyoming limited liability company, and its managing member and chief executive officer, James Anthony McCoy, of Columbus, Ohio.
October 9, 2007	Denver, Colorado --- Colorado Securities Commissioner Fred J. Joseph announced today that he has entered a final cease and desist order against a Texas oil and gas company for allegedly violating the securities registration, licensing, and anti-fraud provisions of the Colorado Securities Act (“Act”) in connection with the offer of securities in and from Colorado. Named in the Order are Pathfinder Resources, LLC, and its managing member, Anthony L. Martin, both of Dallas, Texas.
September 13, 2007	Denver, Colorado --- Colorado Securities Commissioner Fred J. Joseph announced today that he has entered a final cease and desist order against a Texas oil and gas company for allegedly violating the securities registration provisions of the Colorado Securities Act (“Act”) in connection with the offer of securities in and from Colorado. Named in the Order are Wortham Oil and Gas Enterprises, LLC, and the owners and operators of Wortham Oil, Paul A. Burns and Wayne K. West, all of Conroe, Texas.
September 4, 2007	Denver, Colorado -- Colorado Securities Commissioner Fred J. Joseph announced today that the Colorado investment adviser licenses of Secured Financial Companies, Inc., doing business as Secure Financial Group, and its owner, Brian J. Peterson, have been revoked.
August 31, 2007	COMPUTER SOFTWARE COMPANY, CK Systemz, LLC, Executive Solutions Online, LLC, and the co-owners and operators of CK Systemz, Diane M. Dutton and Michael D. Dutton, SANCTIONED BY SECURITIES COMMISSIONER
August 24, 2007	SECURITIES COMMISSONER OBTAINS COURT ORDER PLACING HEDGE FUNDS IN RECEIVERSHIP Denver, Colorado --- Colorado Securities Commissioner Fred J. Joseph announced today that Denver District Court Judge Gloria A. Rivera entered an Order appointing a Receiver over two Colorado Springs area hedge funds, Integrity Fund, LP, and Integrity Fund II, LP, and the adviser to the two funds, Secured Financial Companies, Inc. The Receiver appointed by the Court is Andrew C. Snyder, Esq. In addition, Commissioner Joseph has filed a complaint in Denver District Court against these entities, and their principal, Brian J. Peterson, alleging that they have violated the anti-fraud provisions of the Colorado Securities Act in connection with the operation of the two hedge funds by Mr. Peterson.
July 17, 2007	LAKEWOOD WOMAN, TERRY L. FIELDS, CHARGED WITH SECURITIES LAW VIOLATIONS
June 19, 2007	Denver, Colorado --- Colorado Securities Commissioner Fred J. Joseph announced today that he has entered a final cease and desist order against a California multi-media company for allegedly violating the securities registration and licensing provisions of the Colorado Securities Act (“Act”) in connection with the offer and sale of securities in and from Colorado. Named in the Order are Vergence Entertainment, LLC, F-H-S Legacy Corporation, the owner of Vergence and F-H-S Legacy, Robert J. Feeney, and co-founder, Brent W. Barkley, all of Glendale, California.
June 14, 2007	Denver, Colorado --- Colorado Securities Commissioner Fred J. Joseph announced today that he has entered a final Cease and Desist Order against a California movie production company for allegedly violating the securities registration and licensing provisions of the Colorado Securities Act (“Act”) in connection with the offer and sale of securities in and from Colorado. Modern Twain Partners II LLC, Oak Films, LLC, Joseph Reilly, John Yang and Tom Kelly.
May 30, 2007	LIFE PARTNERS, INC., and LIFE PARTNERS HOLDINGS, INC., ENJOINED ON CHARGES OF SECURITIES LAW VIOLATIONS IN CONNECTION WITH THE SALE OF VIATICAL SECURITIES IN COLORADO
May 22, 2007	Louis Welt sanctioned by Colorado Securities Commissioner.
April 6, 2007	Signal Oil and Gas Company sanctioned by Securities Commissioner
April 2, 2007	Jacobs Iinvention Group has been sanctioned by the Colorado Securities Commissioner. Named are Herman E. Jacobs, Ernest Baisden, and Carole D. Kitzmiller, all of Romney, West Virginia.
February 27, 2007	OPPENHEIMERFUNDS DISTRIBUTOR, INC. AGREES TO SETTLEMENT WITH COLORADO SECURITIES COMMISSIONER
February 22, 2007	Income Solutions, Inc sanctioned by Colorado Securities Commissioner.
February 8, 2007	KENTUCKY OIL AND GAS COMPANY SANCTIONED BY SECURITIES COMMISSIONER Named in the Order are Petrotech Resources Corporation, its president, John Burness, and two salesmen, George Robert McDaniel, and Brian Evans, all of Glasgow, Kentucky.
February 5, 2007	TEXAS OIL AND GAS COMPANY SANCTIONED BY SECURITIES COMMISSIONER Named in the Order are North Texas Exploration, Inc. its president,Larry W. Shopher, its vice-president and chief operating officer, Jeffrey S. Goerges, and two salesmen, Isaac H. Bolch, and Kyle B. Bolch, all of San Antonio, Texas.
February 1, 2007	KANSAS OIL AND GAS PROMOTERS SETTLE COLORADO SECURITIES LAW VIOLATIONS Denver, Colorado – Colorado Securities Commissioner Fred Joseph announced today that he has settled his enforcement action against the Key Resource Companies (Key Resource Group, LLC, Key Gas Corp., and Key Gas Holding), and their president, Dale C. Lucas, and vice-presidents, Russell Kilgariff and Michael J. McNaul, all of Wichita, Kansas, arising from their marketing and promotion of interests in oil and gas wells to Colorado investors.
November 2, 2006	Wachovia Capital Markets LLC Settles Multi-State Enforcement Actions Involving Potential Conflicts of Interest Between Research, Investment Banking.
September 1, 1999 Through February 1, 2007	INDEX OF OLDER PRESS RELEASES