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FOR IMMEDIATE RELEASE
September 12, 2000

Contact: Bill Teets at (614) 644-7187
or Dennis Ginty at (614) 644-9564

SUMMARY OF RECENT ENFORCEMENT ACTIONS TAKEN

BY THE OHIO DEPARTMENT OF COMMERCE’S DIVISION OF SECURITIES

 

 

At the request of media representatives, the Ohio Department of Commerce’s Division of Securities releases a summary list of Division Orders and enforcement actions recently brought by the Division’s Enforcement Section.

Before reporting information based on this INFORMATION RELEASE, the Department suggests that reporters request additional detail as to the nature of the Division Order or enforcement action.

# # #

For more information, please contact Dennis Ginty at (614) 644-9564 or Bill Teets at (614) 644-7187.

 

 

**INFORMATION RELEASE**

August 1 through August 31, 2000

ENFORCEMENT ADMINISTRATIVE ACTIONS

 

 

 

Order No.

Name/Entity

Date

Type of Order

00-215

American Investment Services Inc.

600 Highpoint Lane

Suite B

East Peoria, IL 61611-9329

8/1/00

Notice of Intent to Suspend Dealer License, Ohio Securities Dealer License No. 71550; Notice of Opportunity for Hearing

00-216

Florence Sarah Pollard

339 Nautilus Street

La Jolla, CA 92037

8/1/00

Final Order to Deny Application for Securities Salesperson License

00-217

Troy Joseph Flowers

1846 Denstone Place

Lemon Grove, CA 91945

8/1/00

Final Order to Deny Application for Securities Salesperson License

00-218

Gwendolyn Dawn Biggs

CRD No. 1087730

7619 Pineridge Lane

Fair Oaks, CA 95628

8/2/00

Termination of Order 00-185

00-219

Michael Pugliese

CRD No. 2400599

301 East 73rd Street

Apt. #10E

New York, NY 10021

8/2/00

Notice of Intent to Deny Application for Securities Salesperson License; Notice of Opportunity for Hearing

00-220

David Alan Bender

CRD No. 1083236

15656 Vandorf Place

Encino, CA 91436

8/2/00

Notice of Intent to Deny Application for Securities Salesperson License; Notice of Opportunity for Hearing

00-221

Peter Julian; Horizon Investments Inc.;

Julian Investments Group II Inc.; and

D & J Enterprises

225 South Allison Avenue

Xenia, OH 45385

8/4/00

Notice of Opportunity for Hearing

00-222

Patrick Roger Morrison

CRD No. 3159281

101 Lodge Avenue

Huntington Station, NY 11746

8/7/00

Termination of Order 00-202

00-223

Clifford Frederick Mastricola

CRD No. 1544640

13305 Roxton Circle

San Diego, CA 92130

8/7/00

Termination of Order 00-200

00-224

Chris Michael Manettas

CRD No. 2274927

232 Bay 13 Street

Brooklyn, NY 11214

8/7/00

Termination of Order 00-208

00-225

Joseph Anthony Giordano

CRD No. 871601

125 Ackerman Avenue

Elmwood Park, NJ 07407

8/7/00

Termination of Order 00-196

00-226

Moses.com Securities Inc.

CRD No.21442

8000 Maryland Avenue

St. Louis, MO 63105

8/7/00

Termination of Order 00-171

00-227

Karl Francis Jesaitis Jr.

CRD No. 2067945

375 South End Avenue

Apt. 33H

New York, NY 10004

8/8/00

Notice of Intent to Deny Application for Securities Salesperson License; Notice of Opportunity for Hearing

00-228

Robert A. Balsamo

CRD No. 2548022

46 Professional Lane

Pawleys Island, SC 29585

8/9/00

Revocation of Ohio Securities Salesperson License

00-229

John M. Black Jr.

CRD No. 1256859

20 Exchange Place

49th Floor

New York, NY 10005

8/9/00

Revocation of Ohio Securities Salesperson License

00-230

Chester L. Chicosky

CRD No. 1575600

30 South Pearl Street

Albany, NY 12207

8/9/00

Revocation of Ohio Securities Salesperson License

00-231

Facundo R. Ponce

CRD No. 2253519

200 Park Avenue

25th Floor

New York, NY 10166

8/9/00

Revocation of Ohio Securities Salesperson License

00-232

Craig P. McGuinn II

CRD No. 1972885

1010 Franklin Avenue

Suite 300

Garden City, NY 11503-1204

8/9/00

Revocation of Ohio Securities Salesperson License

00-233

Mark E. Szczepinski

1603 Denley Avenue

Cleveland, OH 44109

8/9/00

Notice of Opportunity for Hearing

00-234

Michael Patterson

1200 Old Henderson Road

Columbus, OH 43220

8/11/00

Cease and Desist Order

00-235

Andrew Walter Holtmeyer

CRD No. 1924765

922 Avalon Court Drive

Melville, NY 11747

8/14/00

Notice of Intent to Deny Application for Securities Salesperson License; Notice of Opportunity for Hearing

00-236

Patrick Joseph Leahy

CRD No. 1753601

237 Giffords Lane

Staten Island, NYU 10306

8/14/00

Notice of Intent to Deny Application for Securities Salesperson License; Notice of Opportunity for Hearing

00-237

Robert Scott Nathan

CRD No. 2297062

240 East 39th Street

Apt. 7A

New York, NY 10016

8/15/00

Notice of Intent to Deny Application for Securities Salesperson License; Notice of Opportunity for Hearing

00-238

Joseph Leonard Marzocco Jr.

CRD No. 3106494

111 Nassau Avenue

North Babylon, NY 11704

8/15/00

Notice of Intent to Deny Application for Securities Salesperson License; Notice of Opportunity for Hearing

00-239

Richard Lincoln Parker II

CRD No. 1599758

417 Magnolia Avenue

Melbourne, FL 32451

8/15/00

Notice of Intent to Deny Application for Securities Salesperson License; Notice of Opportunity for Hearing

00-240

John Michael Tinnelly

CRD No.2342990

4 Martine Avenue #520

White Plains, NY 10606

8/15/00

Termination of Order 00-201

00-241

Atlantic Advisors Inc.

Ohio Investment Adviser License No. 4829;

Craig Allen Herl

Ohio Investment Adviser Representative License No. 5950

4517 Rangeline Road

West Milton, OH 45383; and

Mark William May

Ohio Investment Adviser Representative License No. 6458

380 Fairground Road

Xenia, OH 45385

8/16/00

Suspension of Ohio License Numbers 4829, 5950 and 6458; Notice of Intent to Revoke Ohio License Numbers 4859, 5950 and 6458

00-242

David M. Cody

8162 Windsor Drive

#1307

North Royalton, OH 44133

8/16/00

Notice of Opportunity for Hearing

00-243

Phillynn Productions

1235 South LaCienega

Los Angeles, CA 90035; and

Jeffre Phillips

930 5th Street

Apt. 106

Santa Monica. CA 90403

8/18/00

Cease and Desist Order

00-244

William C. Morris

CRD No. 2342039

28411 Northwestern Highway

#1350

Southfield, MI 48034

8/18/00

Notice of Opportunity for Hearing

00-245

Jarrel Daniel O’Dell

CRD No. 351005

11 Marbella

Dana Pointe, CA 92629

8/22/00

Cease and Desist Order

00-246

Terrence A. Bentivegna

2121 39th Street NW

Canton, OH 44709-2330

8/24/00

Notice of Opportunity for Hearing

00-247

American Benefits Services Inc.;

Asset Base Management

4889 Lake Worth Road

Lake Worth, FL 33463; and

William Ramsey

25400 U.S. 19 North

Suite 155

Clearwater, FL 33763

8/24/00

Cease and Desist Order

00-248

Mary A. Kirschling

195 Savage Street

Berea, OH 44017

8/25/00

Notice of Opportunity for Hearing

00-249

Michael Pugliese

CRD No. 2400599

3031 East 73rd Street

Apt. #10E

New York, NY 10021

8/25/00

Termination of Order 00-219

00-250

Patrick Joseph Leahy

CRD No. 1753601

237 Giffords Lane

Staten Island, NY 10306

8/25/00

Termination of Order 00-236

00-251

Norman E. Facter

21515 Chagrin Blvd.

Beachwood, OH 44122

8/28/00

Notice of Opportunity for Hearing

00-252

Jeffrey D. Saxton

127 Lindsay Court

Elyria, OH 44035-0000

8/30/00

Notice of Opportunity for Hearing

00-253

John Coatney

555 Hayden Avenue

Dayton, OH 45431-1942

8/31/00

Cease and Desist Order

00-254

Dennis Owens

CRD No. 1736471

26 Lisa Drive

Hamilton, OH 45013

8/31/00

Cease and Desist Order

00-255

Peggy Hilty-Kauffman

9055 Adams Road

Dayton, OH 45424

8/31/00

Cease and Desist Order

00-256

Frank P. Dibella

CRD No. 2078122

8185 Winding Trail Place

Mason, OH 45040-9307

8/31/00

Cease and Desist Order

00-257

Paul Morrison

8580 State Route 588

Rio Grande, OH 45674

8/31/00

Cease and Desist Order

00-258

Floyd Schierholt

2157 Gardner Road

Hamilton, OH 45013

8/31/00

Cease and Desist Order

00-259

Glen McClure

9439 Veasby Wisener Road

Convoy, OH 45832-9616

8/31/00

Cease and Desist Order

00-260

Matthew L. Painter

CRD No. 1279261

1322 Saddle Riadge Lane

Worthington, OH 43085

8/31/00

Cease and Desist Order

00-261

Everett Hocker

537 East Main Street

Greenville, OH 45331

8/31/00

Cease and Desist Order

00-263

William E. Thurman II

640 Bell Road

Xenia, OH 45385-9738

8/31/00

Cease and Desist Order

Criminal Activity

 

On August 30, 2000, Delmar Gerald Lach was indicted by a Clermont County Grand Jury on 55 felony counts, including 53 counts of violating the Ohio Securities Act, one count of violating the Pyramid Sales Act, and one count of violating the Ohio Corrupt Activities Act. The indictment also included a forfeiture specification.

**INFORMATION RELEASE**

JUNE 1 through JUNE 30, 2000

ENFORCEMENT ADMINISTRATIVE ACTIONS

 

 

 

Order No.

Name/Entity

Date

Type of Order

00-090

Amended

John Glenn Bobb

CRD No. 1368986

3321 Bear Pointe Circle

Powell, OH 43065

6/22/00

Amended Order; Notice of Intent to Deny Application for Securities Salesperson License; Notice of Opportunity for Hearing

00-127

James Chmielowicz

CRD No. 808392

2109 Mayport

Toledo, OH 43511

6/1/00

Notice of Opportunity for Hearing

00-128

Reed Freyermuth

CRD No. 214278

2832 Adeline Drive

Burlingame, CA 94010

6/6/00

Notice of Intent to Deny Application for Securities Salesperson License; Notice of Opportunity for Hearing

00-129

Anthony Andrew Bisceglie

CRD No. 2315626

290 Hagan Place

Secaucus, NJ 07094

6/7/00

Notice of Intent to Deny Application for Securities Salesperson License; Notice of Opportunity for Hearing

00-130

Eric Peter Weschke

CRD No. 2486324

11 Dorm Court

East Setaulret, NY 11733

6/7/00

Notice of Intent to Deny Application for Securities Salesperson License; Notice of Opportunity for Hearing

00-131

Mitchell Louis Goldberg

CRD No. 1386682

5 Belvedere Drive

Syosset, NY 11799

6/7/00

Notice of Intent to Deny Application for Securities Salesperson License; Notice of Opportunity for Hearing

00-132

Robert Brent Cohen

CRD No. 1068722

11 Megan Court

Alamo, CA 94507

6/7/00

Notice of Intent to Deny Application for Securities Salesperson License; Notice of Opportunity for Hearing

00-133

Elizabeth Rebecca Hitchcock

CRD No. 1094311

10724 Teal Wing Cove

Fredericksburg, VA 22404

6/7/00

Notice of Intent to Deny Application for Securities Salesperson License; Notice of Opportunity for Hearing

00-134

Frank P. DiBella

CRD No. 2078122

8185 Winding Trail Place

Mason, OH 45040-9307

6/8/00

Notice of Opportunity for Hearing

00-135

Peter Lawrence Tranquilli

CRD No. 2428341

4 Wexford Road

Chatham, NJ 07928

6/8/00

Notice of Intent to Deny Application for Securities Salesperson License; Notice of Opportunity for Hearing

00-136

Douglas Wayne Magnuson

CRD No. 2592996

78 Malone Avenue

Long Beach, NY 11561

6/8/00

Notice of Intent to Deny Application for Securities Salesperson License; Notice of Opportunity for Hearing

00-137

Stephen Mark Kiront

CRD No. 2009609

14 Cedarwood Lane

Commack, NY 11725

6/8/00

Notice of Intent to Deny Application for Securities Salesperson License; Notice of Opportunity for Hearing

00-138

Wolverine Energy LLC; and

Wolverine Energy 1998-1999 Development Program

4660 South Hagadorn Road

Suite 230

East Lansing, MI 48823

6/8/00

Cease and Desist

00-139

Stein Abbott & Co., Inc.

Ohio License No. 211572

241 Boulevard

P. O. Box 463

Hasbrouck Heights, NJ 07604

6/8/00

Notice of Opportunity for Hearing

00-140

Glen McClure

9439 Veasby Wisener Road

Convoy, OH 45832-9616

6/9/00

Notice of Opportunity for Hearing

00-141

John Coatney

555 Hayden Avenue

Dayton, OH 45431-1942

6/9/00

Notice of Opportunity for Hearing

00-142

John White III

670 Hampton Woods Drive

Marion, OH 43302

6/9/00

Suspension of Ohio Securities Salesman License No. 2779627; Notice of Intent to Revoke Ohio Securities Salesman License No. 2779627; Notice of Opportunity for Hearing

00-143

Robo Enterprises, Inc.;

Robo-Richland County Reef LLP; and

and Robo-Ohio River Directional Drilling LLP

942 Searcy Way

Bowling Green, KY 42103

6/12/00

Termination of Order 99-460

00-144

Don Federico Mersiel

CRD No. 1290222

8528 Green Street

B25-03

Wheelersburg, OH 45694

6/12/00

Cease and Desist

00-145

Donald Erwin Jones

CRD No. 870822

7896 Hosbrook Road #30

Cincinnati, OH 45243

6/12/00

Cease and Desist

00-146

The House of Securities Company

BD/CRD No. 2236

12 West Church Street

Frederick, MD 21701

6/13/00

Notice of Intent to Deny Application for Securities Salesperson License; Notice of Opportunity for Hearing

00-147

MPI Financial;

Michael Patterson Inc.;

Diversified Capital Markets; and

Michael Patterson

1200 Old Henderson Road

Columbus, OH 43220

6/15/00

Notice of Opportunity for Hearing

00-148

Raymond Beals

39 Jessica Lane

Staten Island, NY 10309

6/20/00

Cease and Desist

00-149

Michael Brugnolotti

35 Seabreeze Lane

Staten Island, NY 10307

6/20/00

Cease and Desist

00-150

Jarrell Daniel O’Dell

CRD No. 351005

21 Marseille

Laguna Niguel, CA 92677

6/21/00

Notice of Opportunity for Hearing

00-151

Brookstreet Securities Corporation

CRD No. 14667

2361 Campus Drive #210

Irvine, CA 92612-1464

6/22/00

Notice of Intent to Suspend Dealer License, Ohio Securities Dealer License No. 133692; Notice of Opportunity for Hearing

00-152

Stephen Mark Kiront

CRD No. 2009609

14 Cedarwood Lane

Commack, NY 11725

6/26/00

Termination of Order 00-137

00-153

Grandeur Golf Ltd., LLC; and

Robert K. Stainbrook

2 North Cascade Avenue

Suite 1100

Colorado Springs, CO 80903

6/27/00

Final Order to Cease and Desist

00-154

Coleman James Flaherty III

CRD No. 1998045

124 Remsen Street

Brooklyn, NY 11201

6/28/00

Termination of Order 00-122

00-155

Douglas Wayne Magnuson

CRD No. 2592996

78 Malone Avenue

Long Beach, NY 11561

6/28/00

Termination of Order 00-136

00-156

The House of Securities Company

BD/CRD Number 2236

12 West Church Street

Frederick, MD 21701

6/28/00

Termination of Order 00-146

00-157

Robert Brent Cohen

CRD No. 1068722

111 Megan Court

Alamo, CA 94507

6/28/00

Termination of Order 00-132

00-158

Paragon Capital Group Inc.

5151 Glades Road

Boca Raton, FL 33487

6/30/00

Notice of Opportunity for Hearing

00-159

The Reliance Program Inc.; and

Donald I. Goldstein

3475 Lenox Road N.E.

Suite 400

Atlanta, GA 30326

6/30/00

Notice of Opportunity for Hearing

00-160

Peggy Hilty-Kauffman

5321 Tonawanda Creek Road North

North Tonawanda, NY 14120

6/30/00

Notice of Opportunity for Hearing

00-161

Edward James Gallagher Jr.

CRD No. 2182408

2321 East 70th Street

Brooklyn, NY 11234

6/30/00

Notice of Intent to Deny Application for Securities Salesperson License; Notice of Opportunity for Hearing

00-162

Troy Joseph Flowers

CRD No. 2580057

1846 Denstone Place

Lemon Grove, CA 91945

6/30/00

Notice of Intent to Deny Application for Securities Salesperson License; Notice of Opportunity for Hearing

00-163

Florence Sarah Pollard

CRD No. 2208895

339 Nautilus Street

LaJolla, CA 92037

6/30/00

Notice of Intent to Deny Application for Securities Salesperson License; Notice of Opportunity for Hearing

00-164

Adam Harold Kaplan

CRD No. 2436956

1571 East 98th Street

Brooklyn, NY 11236

6/30/00

Notice of Intent to Deny Application for Securities Salesperson License; Notice of Opportunity for Hearing

00-165

Floyd Schierholt

2157 Gardner Road

Hamilton, OH 45013

6/30/00

Notice of Opportunity for Hearing

00-166

Everett Hocker

537 East Main Street

Greenville, OH 45331

6/30/00

Notice of Opportunity for Hearing

 

 

 

Criminal Activity

Stephen F. Hickey was indicted by a grand jury in Franklin County in October 1999 on theft and securities fraud counts in connection with the sale of two promissory notes totaling $35,000. Following the indictment, a warrant was issued for his arrest. Hickey was picked up this month on the outstanding warrant. Hickey’s scheme was run through a company he owned called Monticello Ventures.

 

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