Archive for the ‘Arkansas’ Category

Arkansas Halts Offering That Promised More Than 300% Per Year

Wednesday, March 12th, 2008

In a case underscoring how important state securities regulators are, Arkansas’s Securities Commissioner A. Heath Abshure (Abshure) has issued an order against Norman Hatchett (Hatchett) of Rogers, Arkansas, prohibiting Hatchett from selling securities in the state.  Gwen Moritz of the Northwest Arkansas Business Journal reports that Hatchett ran an investment called the Luca Fund which offered a “stable return” of more than 300% per year.  Quoting from Abshure’s Order, Moritz reported the central pitch of the Fund: (more…)