ID Securities Admin Actions

First Union Brokerage Services Fined $5,000 for Unlicensed Activity

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

Ohio Company Fined $5,000 for Securities Violations

The Idaho Department of Finance has fined The Ohio Company $5,000 for violating the Idaho Securities Act. The company operated as an unregistered broker-dealer and used unlicensed agents to sell securities in Idaho.

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.

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.