For Immediate Release August 3, 2011Shannon StoneTOPEKA, KS-Kansas Securities Commissioner Aaron Jack ordered Dodge City based Investments New Horizons to Cease and Desist from violations of the Kansas Uniform Securities Act, including the sale of unregistered securities and the use of unregistered agents to make the sales.
Beginning in February 2011, Investments New Horizons, through its officers, Vidal Zuniga, Juan Vargas, Zulma Aguirre-Ortiz, and Cecilia Mendoza-Castro, sold investment agreements promising a 10% per month rate of return and a return of all principal at the end of the term. In some instances, Investments New Horizons allowed purchase of a vehicle to be substituted in place of the monthly payments.
“Every sale of a security in Kansas is registered, exempt or illegal”, said Jack. “As stated in the Order, the investment agreements sold by Investment New Horizons have not been registered with the Office of the Kansas Securities Commissioner and none of the company’s officers were registered to make the sales. My office seeks to preserve and promote legitimate securities markets. However, we will take the necessary actions against these types of entities in order to protect Kansas investors. I encourage all investors to exercise caution when they are approached with offers that appear to be ‘too good to be true,’” Jack continued.
Persons that are interested in seeking capital for their business are encouraged to contact the Office of the Securities Commissioner at (785) 296-3307 or visit the website at www.ksc.ks.gov. For questions related to Investments New Horizons, please contact Wiley B. Kannarr, Director of Legal Services at (785) 296-5215.