Burr & Forman

09.12.2016   |   Blog Articles, 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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