Tagged: heath abshure

Former Voyager Financial Co-owner Sues After Payments Stop

by Arkansas Business Staff 5/26/2014 12:00 am

After getting stung by the Arkansas Securities Department, the Voyager Financial Group LLC of Little Rock is facing another mess involving its former co-owner.

Motivating Factors (Gwen Moritz Editor's Note)

by Gwen Moritz 4/21/2014 12:00 am

My high school journalism teacher taught me about five Ws and an H — who, what, when, where, why and how. Approximately 1,000 years later, I’ve concluded that that fifth W is the most problematic.

Stephens Inc.'s Ethics Complaint Against Heath Abshure Dismissed

by Gwen Moritz 3/26/2014 11:36 am

The Arkansas Ethics Commission voted 4-0, with one member not present, to dismiss the complaint against Arkansas Securities Commissioner Heath Abshure that Stephens General Counsel David Knight filed in November. Abshure says he never saw any gray area in the settlements that included donations to NASAA.

Securities Department Goes After Firm That Did Business With Martha Shoffner's Office

by Gwen Moritz 3/11/2014 9:06 am

Robert Keenan, CEO of St. Bernard Financial Services, says the state Securities Department is retaliating for an ethics complaint he filed against Heath Abshure, although he was given notice of the department's plans before he filed the complaint.

Proposed Change in State Securities Law Out of Step With Neighboring States

by George Waldon 3/10/2014 12:00 am

Arbitration clauses and courtroom avoidance are common in the securities business. That norm stands in contrast to a not-so-modest proposal by Stephens Inc. to go straight to a judge to rule on enforcement actions by the Arkansas Securities Department.

Rogue Broker at Stephens Inc. Caused Penalty, $1.9M Claim

by George Waldon 2/17/2014 12:00 am

Lost in the political fracas between the Arkansas Securities Department and Stephens Inc. is the event that started it all: a customer complaint against a former Stephens stockbroker, William Wayne LaRue.

Stephens Inc. Asks Legislators to Consider Changes to Securities Law

by Gwen Moritz 1/22/2014 5:10 pm

Stephens Inc. of Little Rock suggests changes to state law that would, among other things, move all state securities enforcement actions into the court system. The investment firm made its suggestions in a legislative hearing about its grievance against state Securities Commissioner Heath Abshure.

Lawmakers to Hear More in Abshure, Stephens Conflict

by Gwen Moritz 1/13/2014 12:00 am

Arkansas Securities Commissioner Heath Abshure took heat from legislators for more than an hour last week, but threatening weather forced the Joint Performance Review Committee to recess before any other witnesses could be heard.

State Securities Regulator Heath Abshure Disputes Ethics Complaint by Stephens Inc.

by Gwen Moritz 12/2/2013 12:00 am

Stephens Inc. of Little Rock has accused Arkansas Securities Commissioner Heath Abshure of illegally steering more than $170,000 to his “favorite charities” and of retaliating when Stephens refused to make such a donation while negotiating a recent settlement.

Workers’ Financial Education a Concern

by Gwen Moritz 10/14/2013 12:00 am

Americans are notoriously ignorant about basic personal finance, and Arkansans are even less financially savvy than the national average, according to a nationwide study conducted by the FINRA Investor Education Foundation.

Uh-oh: Cold Call to Arkansas Securities Examiner Lands NY Broker in Hot Water

by Gwen Moritz 8/29/2013 9:17 am

A young New York broker-dealer made an unfortunate cold call filled with blustery claims and ended up having his Arkansas registration revoked.

Stephens Inc. Fined $25,000 by State Regulator

by Gwen Moritz 8/22/2013 4:23 pm

Arkansas Securities Commissioner Heath Abshure fines Stephens Inc. $25,000 for failing to properly supervise agents who sold leveraged and inverse exchanged traded funds in 2008 and 2009.

A. Heath Abshure: Don't Let Embarrassment Get In the Way of Reporting an Investment Scam

by Arkansas Business Staff 7/22/2013 12:00 am

A. Heath Abshure was appointed to lead the Arkansas Securities Department by Gov. Mike Beebe in December 2007. In this week's Executive Q&A, he talks about crowd funding regulations, common complaints and what to do if you think you've been scammed.

State Securities Regulators Settle With Crews & Associates In Bamco Bond Case

by Gwen Moritz 7/9/2013 4:29 pm

Crews & Associates, the Little Rock bond brokerage, reaches a settlement with the Arkansas Securities Department over its role in selling $17 million worth of debentures for a defunct oil and gas exploration company called Bamco Gas LLC.

Crowdfunding Eases Cash Crunch for Arkansas Startups

by Jan Cottingham 5/6/2013 12:00 am

A profound shift in how capital is raised means anyone can become a venture capitalist and anyone can solicit funds to support startup dreams.

State Securities Commissioner Accuses Former Bentonville Residents of Fraud

by Gwen Moritz 4/26/2013 1:25 pm

State Securities Commissioner Heath Abshure filed a lawsuit Thursday against two related Bentonville companies and the former Bentonville couple who accused them of securities fraud.

Arkansas Securities Department Issues Cease and Desist in Fraud Investigation

by George Waldon 2/21/2013 1:41 pm

A cease and desist order was issued Thursday against Money in the Bank Inc., Sun Vest LLC and James Banning of Hot Springs as part of a fraud investigation by the Arkansas Securities Department.

Arkansas Securities Department Issues Cease & Desist Against Florida Firm, Advisers

by Mark Friedman 12/4/2012 3:38 pm

The Arkansas Securities Department issues a cease-and-desist order against a Florida company and its stockbrokers who allegedly tricked an Arkansas couple into selling their investments to buy gold and silver.

A. Heath Abshure Named New President of North American Securities Administrators Association (Super Mover)

by Arkansas Business Staff 11/12/2012 12:00 am

In his new role as president of the North American Securities Administrators Association, Abshure said, he plans to focus on the organization’s response to the changing regulatory environment.