• Report: #618387

Complaint Review: Mark Deaton - Renegade Trader

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  • Submitted: Mon, June 28, 2010
  • Updated: Thu, September 16, 2010

  • Reported By: Richard — Irving Texas United States of America
Mark Deaton - Renegade Trader
Internet United States of America

Mark Deaton - Renegade Trader Internet

*REBUTTAL Owner of company: Who the heck are you? Convicted FELON? I think not!

*Author of original report: Mark Deaton - 2008 Convicted Felon (Securities Fraud) - Peddles Self-Described, Amazing Trading System !!! BUYER BEWARE

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http://www.ct.gov/dob/cwp/view.asp?a=2246&q=423968

 

ORDER IMPOSING FINE

Banking Commissioner (Commissioner) is charged with the administration of Chapter 672a of the Connecticut General Statutes, the Connecticut Uniform Securities Act (Act), and Sections 36b-31-2 to 36b-31-33, inclusive, of the Regulations of Connecticut State Agencies (Regulations) promulgated under the Act;

10.

A fine of Three Hundred Thousand Dollars ($300,000) be imposed against Mark Deaton to be remitted to the Department of Banking by cashiers check, certified check or money order, made payable to Treasurer, State of Connecticut, no later than 45 days from the date this Order is mailed; and

 

11.

This Order shall become effective when mailed.

 

 


                                                           ________/s/_________
Dated at Hartford, Connecticut                  Howard F. Pitkin
this 29th day of September 2008.               Banking Commissioner

 

 

In addition, Key Resource Group, controlled by Lucas, Kilgariff and McNaul, employed Duboise, Bay, Phillips, Hunter, Folkinga and Deaton as agents of issuer, absent registration, and Duboise, Bay, Phillips, Hunter, Folkinga and Deaton acted as agents of issuer, absent registration.  Respondents conduct in connection with the offer and sale of the unregistered securities was egregious.  The investments were sold to investors with no previous experience with these types of investments and Respondents failed to disclose any risk factors to the investors in the investment or that the sales agents were paid as much of 50% of the investment as a commission.  There was monetary harm to the Connecticut investors as a result of their investment in unregistered securities offered and sold by Respondents, since all of the investors lost money as a result of their investment and Respondents did not reimburse the investors losses.
 
Consequently, the Commissioner finds that based upon the nature of Respondents actions in violation of the Act, this order imposing fine against Respondents is necessary and appropriate in the public interest and for the protection of investors and consistent with the purposes fairly intended by the policy and provisions of Sections 36b-2 to 36b-33, inclusive, of the Act.

 

The Commissioner finds that based upon Duboise, Bay, Phillips, Hunter, Folkinga and Deaton acting as agents of issuer, absent registration, in violation of Section 36b-6(a) of the Act, the facts require the imposition of a fine against (i) Duboise in the amount of Twenty Thousand Dollars ($20,000) for four violations under Section 36b-27(d) of the Act prior to October 1, 2003; (ii) Bay in the amount of One Hundred Five Thousand Dollars ($105,000) for one violation under Section 36b-27(d) of the Act prior to October 1, 2003, and two violations under Section 36b-27(d) of the Act as it currently exists; (iii) Phillips in the amount of Fifty Thousand Dollars ($50,000) for one violation under Section 36b-27(d) of the Act as it currently exists; (iv) Hunter in the amount of One Hundred Fifty Thousand Dollars ($150,000) for three violations under Section 36b-27(d) of the Act as it currently exists; (v) Folkinga in the amount of One Hundred Thousand Dollars ($100,000) for two violations under Section 36b-27(d) of the Act as it currently exists; and (vi) Deaton in the amount of One Hundred Thousand Dollars ($100,000) for two violations under Section 36b-27(d) of the Act as it currently exists.

 

 

 

 

http://www.hutchnews.com/Todaystop/desist

'Cease, desist' orders involve Hutch area businessmen

 

Civil actions allege securities fraud regarding oil, gas equipment and leases.

By John Green - The Hutchinson News

The Colorado Securities Commissioner filed a complaint.

The state alleged Lucas, Kilgariff and McNaul employed at least six other men - Mark T. Duboise and Greg Hunter, both of Yorba Linda, Calif.; Mike Bay, San Diego, Calif.; George Phillips, Encino, Calif.; Ronald Folkinga, Town Falls, Idaho; and Mark Deaton, Twin Falls, Idaho - to make the solicitations, though none were registered agents in Connecticut.

The company also is alleged to have failed to disclose to investors "financial information about the performance of prior interests in oil and gas rights where (Key Resources) was the operator" and that the sales agents were paid as much as half of the investment amount as commission, in effect reducing by half the amount of investors' money that actually could be used for operational purposes.

 


This report was posted on Ripoff Report on 06/28/2010 11:29 AM and is a permanent record located here: http://www.ripoffreport.com/r/Mark-Deaton-Renegade-Trader/internet/Mark-Deaton-Renegade-Trader-Internet-618387. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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REBUTTALS & REPLIES:
1Author 0Consumer 1Employee/Owner
Updates & Rebuttals

#1 REBUTTAL Owner of company

Who the heck are you? Convicted FELON? I think not!

AUTHOR: Mark - (U.S.A.)

Interesting Mr. Irving Texas, its too bad you have to hide your name under the guise of "Orchestra"  When dealing with mud throwers its nice to know who your talking too.  At any rate i don't know where you get "CONVICTED FELON" because I've never been convicted of any felony, and the order that you threw up from a newspaper was a simple cease and decist - of which I had ceased many years before when I felt that what this company was doing wasnt 100% right.  It took the SEC 5 years to figure it out and issue a cease and desist.  Again I was long gone when they finally issued the C&D.  FELON I think not Mr. Irving TEXAS

At any rate I have never even seen this order and the fact that I was ordered to pay $300,000 ?? WOW I hope that's not true because that would certainly blow, especially when they never contacted me and I never responded to or received any notification of such an order.

I can't say that its not accurate that they want me to pay $300,000 I can only say that this is the first I've heard of it.

The question is do I contact them?? :-) I'll have to think about that.

At any rate it sure is amazing to me how people run around trying to police those that run honest businesses and try to do right by everyone.  This IRVING TEXAS guy isnt even a customer??

Shouldn't there be a rule when you file a complaint against someone that you had to do them wrong in some way first??  Strange.
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#2 Author of original report

Mark Deaton - 2008 Convicted Felon (Securities Fraud) - Peddles Self-Described, Amazing Trading System !!! BUYER BEWARE

AUTHOR: Philharmonic Orchestra - (United States of America)

Lesson: Never trust a firm using a P.O. Box as a vaild business address.

Reference "Mark Deaton" articles:

http://www.ct.gov/dob/cwp/view.asp?a=2246&q=423968

http://www.hutchnews.com/Todaystop/desist

 

 

 

 

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