ID DOF Admin Actions

Idaho DOF Order Against Lindgren and McFarland for Securities Violations

The Idaho Department of Finance issued an Agreement and Order against Gary M. Lindgren and Michael B. McFarland for violations of the Idaho Securities Act. The respondents sold unregistered securities and operated as unlicensed broker-dealers, leading to an agreement for rescission offers to investors.

Idaho Fines First Union Brokerage for Unregistered Securities Sales

The Idaho Department of Finance has fined First Union Brokerage Services, Inc. $5,000 for selling securities in Idaho without being properly registered as a broker-dealer or having licensed agents. The company has agreed to make offers of rescission to affected Idaho residents.

Idaho DOF Order Against The Ohio Company for Unregistered Securities

The Idaho Department of Finance issued an order against The Ohio Company for selling unregistered securities and operating without proper broker-dealer registration. The company agreed to pay a $5,000 fine and offer rescission to affected Idaho residents.

Orb Industries and Charles Hight Investigated for Securities Violations

The Idaho Department of Finance has issued an Agreement and Order against Orb Industries, Inc. and Charles C. Hight for violations of the Idaho Securities Act. The respondents were fined $2,500 for inadequate disclosure in their securities offering.

Union Financial Corporation - Mortgage Enforcement Order

The Idaho Department of Finance has issued an Agreement and Order against Union Financial Corporation for violations of the Idaho Residential Mortgage Practices Act. The company conducted mortgage banking activities without the required license, leading to a Cease and Desist Order and an agreement to comply with future regulations.