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Maryland Financial Regulation Enforcement Actions 2023

The Maryland Department of Labor has published its 2023 enforcement actions related to financial regulation. These actions include summary orders to cease and desist and settlement agreements and consent orders against various entities for violations in mortgage lending, credit services, and money transmission.

Maryland Financial Enforcement Actions 2024

The Maryland Department of Labor has published its 2024 financial enforcement actions, detailing actions against collection agencies, mortgage lenders, and other financial service providers. These actions include final orders and settlement agreements, with the latest listed on December 27, 2024.

Maryland Financial Regulation Enforcement Actions 2022

The Maryland Department of Labor's Division of Financial Regulation has published a list of enforcement actions taken in 2022. These actions include consent orders and settlement agreements related to banking, mortgage assistance relief services, consumer lending, debt management, and mortgage loan originating.

GS Partners, Heit, Shoto Violated Mississippi Securities Act

The Mississippi Secretary of State has issued a Cease and Desist Order against GS Partners Global, Josip Heit, and Richard L. Shoto for violating the Mississippi Securities Act. The order alleges violations related to the offer and sale of unregistered securities, specifically 'Meta Certificates', and engaging in deceptive practices to recruit investors.

Mississippi Cease and Desist Order Against Derrick L. Turner

The Mississippi Secretary of State has issued a Cease and Desist order against Derrick L. Turner for alleged violations of the Mississippi Securities Act. Turner, operating under the alias Melissa C. Wilson, is accused of defrauding a Mississippi resident out of approximately $1,500 through fraudulent cryptocurrency investment solicitations via Facebook.

Arizona Corporation Commission Closes Densco Case, Recovers $19.7M for Investors

The Arizona Corporation Commission (ACC) has closed its civil case against Densco Investment Corporation after recovering nearly $19.7 million for defrauded investors. The ACC filed the complaint in 2016 for violations of the Arizona Securities Act, stemming from misrepresentations about real estate loans.

Arizona Corporation Commission Orders $10,000 Penalty for Craigslist Securities Fraud

The Arizona Corporation Commission ordered Dean Douglas Odle and MCM AF Assets LLC to pay $10,000 in administrative penalties for violating the Securities Act. The respondents engaged in fraudulent Craigslist investment advertisements offering high returns with misrepresented risks.

ACC Orders $4.14M Restitution and Penalties for Business Automation Scheme

The Arizona Corporation Commission ordered Ryan Morgan and All Done Consulting, LLC to pay $4,143,670 in restitution and $510,000 in administrative penalties for violating the Arizona Securities Act. The order stems from a business automation scheme that defrauded 109 investors.

Union Financial Corporation - Mortgage Violations Cease and Desist Order

The Idaho Department of Finance issued a Cease and Desist Order against Union Financial Corporation for mortgage violations. The order requires the company to cease mortgage banking activities without a proper license and pay a penalty.

ORB Industries and Charles Hight - Cease and Desist Order

The Idaho Department of Finance has issued a Cease and Desist Order against ORB Industries, Inc. and Charles C. Hight for violations of the Idaho Securities Act. The order includes a $2,500 fine and prohibits further unregistered securities offerings.