X hits on this document

35 views

0 shares

0 downloads

0 comments

9 / 15

12

42. Yucatan Investment Corp. (“Yucatan Investment”) was the subject of an administrative order

13

of the New Mexico Securities Division on May 18, 1999, for the sale of unregistered, non-exempt

14

securities by unlicensed agents of nine-month notes. Upon information and belief, Yucatan Investment is

4

40. Arizona-based YUCATAN sales agents repeatedly echoed this claim that these Universal

5

Lease investments were safe and secure, and that these investments were protected by debt-free

6

properties. No risk disclosures were made to investors, either during the agents’ sales presentations or

20

Department of Banking, on November 7, 2000, for the sale of unregistered, non-exempt securities by

21

unlicensed agents of nine-month notes, and in violation of the anti-fraud provision of Connecticut

22

securities law.

1

compliance [with] the governing laws. Being in compliance with the regulations to sell leases, all

2

properties are 100% free of debt. As a result, the Leaseholders have a first lien on the YUCATAN

8

41. YUCATAN sales agents receive commissions constituting at least 10% of the investors’ funds

9

placed into the Universal Lease Program under Option 3. These commission amounts may increase in

10

cases where af iliated sales agents qualify for sale overrides. The existence of these commissions has

16

43. Yucatan Investment was also the subject of an administrative order of the South Carolina

17

Securities Division on July 26, 1999, for the sale of unregistered, non-exempt securities by unlicensed

23

45. YUCATAN was the subject of an administrative order of the Wisconsin Securities Division on

24

March 3, 2001, for the sale of unregistered securities by unlicensed agent and by unlicensed broker-

3

resort properties.”

Docket No. S-03539A-03-0000

7

through the dissemination of YUCATAN marketing literature.

11

been routinely withheld from YUCATAN investors.

15

a business entity related to Yucatan.

18

19

25

26

dealers and of the anti-fraud provision of Wisconsin securities law.

9

agents of nine-month notes, and in violation of the anti-fraud provision of South Carolina securities law.

44. Yucatan Investment was also the subject of an administrative order of the Connecticut

Document info
Document views35
Page views35
Page last viewedSun Dec 04 18:38:30 UTC 2016
Pages15
Paragraphs853
Words4530

Comments