Stephens Inc.'s Ethics Complaint Against Heath Abshure Dismissed

by Gwen Moritz  on Wednesday, Mar. 26, 2014 11:36 am  

Heath Abshure

After two hearings by the legislature's Joint Performance Review Committee in January, "it was clear that some legislators were not comfortable with contributions in settled actions," Abshure said.

"The fact is, recognizing contributions was a benefit to the respondents in the case … so if the Legislature wants to take away something that I view as a benefit to respondents, well, OK. It's certainly not going to hurt the department."

Abshure remains the subject of another complaint to the Ethics Commission, one filed in January by Robert Keenan, CEO of St. Bernard Financial Services Inc. of Russellville. The Securities Department has an administrative complaint pending against Keenan and St. Bernard, the brokerage that employed Steele Stephens, the bond broker who testified that he paid bribes to former State Treasurer Martha Shoffner.

Abshure said on Wednesday that he had talked to the Ethics Commission's lawyer about that complaint but that the commission had not started its investigation.



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