2010 Press Releases

12/15/2010

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.

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 12/14/2010

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.

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 11/24/2010

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.
 

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11/10/2010

10/12/2010

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).

Press Release

9/14/2010

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.
 

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9/8/2010

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.
 

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9/2/2010

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.
 

Press Release

8/4/2010

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.
 

Press Release

7/29/2010

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.
 

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 7/21/2010

E*TRADE 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 E*Trade Securities, LLC alleging that E*Trade 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.
 

Press Release

6/28/2010

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.
 

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6/2/2010

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.
 

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5/25/2010

Colorado Securities Commissioner Agrees to TD Ameritrade Auction Rate Securities Settlement

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5/13/2010

Colorado Securities Commissioner Agrees to UBS Securities and UBS Financial Services Auction Rate Securities Settlement
 

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4/12/2010

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.
 

Press Release

2/8/2010

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.
 

Press Release

2/2/2010

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.
 

Press Release

1/29/2010

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.
 

Press Release

1/20/2010

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.

Press Release

1/14/2010

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.
 

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