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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.

Equity One Relinquishes WV License and Ceases Lending Activities

Equity One of West Virginia, Inc. has voluntarily relinquished its consumer lender license and ceased all lending activities in West Virginia, as per an agreed order with the Division of Banking. This action follows an examination that noted apparent violations of state and federal law.

WV DFI Approves Bank Acquisition

The West Virginia Division of Financial Institutions has approved an application by Citizens Bank of West Virginia, Inc. to acquire Miners and Merchants Bank. This approval marks the final step in the acquisition process.

Budget Finance Co. Ordered to Reopen Business

The West Virginia Division of Financial Institutions has ordered Budget Finance Company to reopen its business by November 30, 2015. The company was found to have closed indefinitely without authorization, potentially violating licensing regulations.

Ultralight FS, Inc. License Revoked by Consent Order

The West Virginia Division of Financial Institutions has revoked the money transmitter license of Ultralight FS, Inc. (formerly Obopay, Inc.) via a consent order. The revocation stems from serious violations of state and federal money transmission laws discovered during an examination.

SWBC Investment Services LLC Consent Order and Penalty

The South Dakota Division of Securities has issued a consent order and penalty against SWBC Investment Services LLC. The order addresses violations related to the sale of unregistered securities and imposes a financial penalty.

RBC Capital Markets LLC Consent Order and Penalty

The South Dakota Division of Securities issued a consent order and penalty against RBC Capital Markets LLC for alleged violations of state securities laws. The firm agreed to pay a penalty of $50,000 and implement enhanced compliance measures.

Stifel Nicolaus Consent Order and Monetary Penalty

The South Dakota Division of Securities has issued a consent order against Stifel, Nicolaus & Company, Inc. The order includes a monetary penalty for alleged violations of state securities laws. This action addresses specific compliance failures identified by the regulator.

Edward D. Jones & Co., LP Consent Order and Penalty

The South Dakota Division of Securities has issued a consent order and penalty against Edward D. Jones & Co., LP. The order addresses alleged violations of state securities laws and includes a financial penalty.