42. Yucatan Investment Corp. (“Yucatan Investment”) was the subject of an administrative order
of the New Mexico Securities Division on May 18, 1999, for the sale of unregistered, non-exempt
securities by unlicensed agents of nine-month notes. Upon information and belief, Yucatan Investment is
40. Arizona-based YUCATAN sales agents repeatedly echoed this claim that these Universal
Lease investments were safe and secure, and that these investments were protected by debt-free
properties. No risk disclosures were made to investors, either during the agents’ sales presentations or
Department of Banking, on November 7, 2000, for the sale of unregistered, non-exempt securities by
unlicensed agents of nine-month notes, and in violation of the anti-fraud provision of Connecticut
compliance [with] the governing laws. Being in compliance with the regulations to sell leases, all
properties are 100% free of debt. As a result, the Leaseholders have a first lien on the YUCATAN
41. YUCATAN sales agents receive commissions constituting at least 10% of the investors’ funds
placed into the Universal Lease Program under Option 3. These commission amounts may increase in
cases where af iliated sales agents qualify for sale overrides. The existence of these commissions has
43. Yucatan Investment was also the subject of an administrative order of the South Carolina
Securities Division on July 26, 1999, for the sale of unregistered, non-exempt securities by unlicensed
45. YUCATAN was the subject of an administrative order of the Wisconsin Securities Division on
March 3, 2001, for the sale of unregistered securities by unlicensed agent and by unlicensed broker-
Docket No. S-03539A-03-0000
through the dissemination of YUCATAN marketing literature.
been routinely withheld from YUCATAN investors.
a business entity related to Yucatan.
dealers and of the anti-fraud provision of Wisconsin securities law.
agents of nine-month notes, and in violation of the anti-fraud provision of South Carolina securities law.