The Commissioner enters a final order as to Respondents Skamp Investments LLC and Donald Schnure in the above-styled proceeding after having reviewed and considered the pleadings, the record on file, and the joint request of the Enforcement Section of the Securities Division, and counsel for Skamp Investments LLC, and Donald Schnure.
On August 11, 2005, the Enforcement Section of the Securities Division submitted a Petition for an Order to Cease and Desist that requested an order to cease and desist selling securities, civil penalty and costs of investigation in the above-styled matter.
On August 17, 2005, the Commissioner of Securities issued an Order to Cease and Desist, and Order to Show Cause why a Civil Penalty and Costs Should not be Imposed.
On September 12, 2005 and October 17, 2005, Respondents requested a hearing on this matter which is currently set for November 23, 2005.
On November 22, 2005, counsel for Respondents Skamp Investments LLC and Donald Schnure and the Enforcement Section of the Securities Division submitted a joint request for a Final Order, and Payment of Penalty and Costs.
In the August 17, 2005 Order these Respondents were ordered to pay a ten thousand dollar ($10,000) penalty and the costs of the investigation. The parties have agreed in their request for a final order upon the costs of investigation in the amount of seven hundred and twenty dollars ($720).
NOW, THEREFORE, IT IS HEREBY ORDERED that the Findings of Fact and Conclusions of Law in the Order of August 17, 2005, are incorporated herein and these Finding and Conclusions and Order are FINAL as to these Respondents.
IT IS FURTHER ORDERED that these Respondents shall pay a civil penalty of ten thousand dollars ($10,000) in this proceeding. Respondents shall pay the $10,000 penalty by paying $1,000 a month beginning on December 1, 2005 and continuing until such amount is paid in full. These amounts shall be made payable to the State of Missouri, and the Secretary of State shall forward these funds to the state treasury for the benefit of county and township school funds as provided in Article IX, Section 7 of the Constitution of Missouri. If Respondents miss any payment, the full amount remaining shall be immediately due and payable.
IT IS FURTHER ORDERED that these Respondents shall pay the costs of investigation on January 1, 2006, in the amount of $720. This amount shall be payable to the Missouri Secretary of State’s Investor Education and Protection Fund.
WITNESS MY HAND AND OFFICIAL SEAL OF MY OFFICE AT JEFFERSON CITY, MISSOURI THIS 23 RD DAY OF NOVEMBER, 2005.
SECRETARY OF STATE
DAVID B. COSGROVE
COMMISSIONER OF SECURITIES
CERTIFICATE OF SERVICE
I hereby certify that on this 23 rd day of November, 2005,
a copy of the foregoing order was mailed by certified U.S.
Mail, postage prepaid, to the Respondents’ attorney in this matter.