Click to Home
Go To Search

News and Press Releases

Posted on: November 8, 2012

WICHITA BUSINESSES ISSUED CEASE AND DESIST ORDER

FOR IMMEDIATE RELEASE:
Nov. 8, 2012

WICHITA BUSINESSES ISSUED CEASE AND DESIST ORDER
WICHITA, Kan.—Kansas Securities Commissioner Aaron Jack announced that on November 7, 2012, an administrative Cease and Desist Order was issued against: Hybrid Asset Management, LLC; Sutton MN, LLC; Real Development Corp.; Churchill Capital Strategies, Inc.; Jeffrey Williams; Mark Nordyke; Sherrilynn L. Frierson; Gordon Schultz; Michael Elzufon and David Lundberg.
The Cease and Desist Order alleges that those entities and individuals violated the Kansas Uniform Securities Act by attempting to deliver interests in fraudulent life settlement policies (also known as viatical settlements) to a Topeka bank and other unknown investors.
If you have been approached by these individuals regarding life settlement policies, please contact the Office of the Kansas Securities Commissioner at 785-296-3307.
To view a copy of the Order please visit www.ksc.ks.gov
###

The Office of the Kansas Securities Commissioner regulates securities offerings and investment professionals in the securities industry, provides investor education, investigates illegal securities activities, and prosecutes securities-related crimes. For more information about the Office of the Kansas Securities Commissioner, go to www.ksc.ks.gov or visit our Facebook page.

Contact:
Whitney Whitson
Director of Communications
Office of the Kansas Securities Commissioner
Phone: 785-296-5457
whitney.whitson@ksc.ks.gov

Facebook Twitter Google Plus Email

Other News in News and Press Releases

Regulation A, Tier 2 Offerings

Posted on: June 10, 2016

Essay Scholarship Winners Announced!

Posted on: April 25, 2016

Wichita Man Sentenced for Securities Fraud

Posted on: November 24, 2015

Lawrence Man Sentenced for Securities Fraud

Posted on: September 12, 2014

2013 Video Contest Winners Announced!

Posted on: April 30, 2013
America Saves Week!

Kansas Saves Week (America Saves Week)

Posted on: February 25, 2013

KSC Newsletter

Posted on: March 15, 2012