Burr & Forman

09.12.2016   |   Tennessee, Tennessee Business Litigation

Tennessee Securities Division Ramps Up Enforcement

The Securities Division of Tennessee’s Department of Commerce and Industry has increased its enforcement activity during 2016.  The recent actions include:

Final Administrative Orders:
Clifton Alexander and HugeROI.com – May 30, 2016
Anthony Dean Myers, Sr. – May 24, 2016

Cease & Desist Orders:
Broad Street Ventures – August 12, 2016
Cumulus Financial – October 29, 2015

Consent Orders:
Wortham Laboratories – August 12, 2016
Charles Sims, Jr. – August 3, 2016
Scott B. Chitwood – July 21, 2016
The Homes Email Business Corp. – May 23, 2016

Initial Orders:
Black Gold Resources, Inc. – August 22, 2016
Teresa Ferdon – July 29, 2016
Clifton Alexander and HugeROI.com – March 31, 2016

These enforcement actions follow last Fall’s launch of a comprehensive three-year cycle examination program covering all Tennessee-based broker-dealers and state-registered investment advisers.  We covered that here.

Summaries of the enforcement actions are available here.

 

Thomas K. Potter, III (tpotter@burr.com) is a partner in the Securities Litigation Practice Group at Burr & Forman, LLP. Tom is licensed in Tennessee, Texas and Louisiana. He has over 29 years’ experience representing financial institutions in litigation, regulatory and compliance matters. See attorney profile. © 2016 by Thomas K. Potter, III (all rights reserved).

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