For immediate release: April 19, 2018
Contact: Maura Browning, Communications Director, (573) 526-0949
Jefferson City, Mo. — Secretary of State Jay Ashcroft’s Securities Division issued a consent order with Robert D. Hawkins, who consents to findings that he aided Cameron J. Hager in allegedly soliciting over 90 investors from at least 21 different states in a $4.7 million cattle fraud scheme.
The division’s findings allege that Hawkins posed as a veterinarian for Hager’s company, 5A Holdings LLC, to show investors cattle that he claimed were owned by 5A.
Per the order, Hawkins will pay $20,000 to the Investor Education and Protection Fund, with $10,000 suspended for 10 years so long he doesn’t violate the Missouri Securities Act or the terms of the order. He is restrained from selling securities and barred from registering as an investment agent in Missouri. Hawkins will also cooperate with the division in any pending proceedings in this matter.
The division ordered unregistered agent George Myers Jr., of Springfield, to cease and desist after allegedly misleading a man in the sale of $37,500 in securities.
The Enforcement Section alleges that from approximately September 2016 to June 2017 Myers offered and sold a total of $37,500 in securities to a Missouri resident in the form of promissory notes. Myers allegedly solicited funds on a number of occasions, promising multiple times the investor would receive returns once Myers finalized his divorce, which he stated would grant him $1.3 million in assets. The investor was promised returns totaling $88,121, and to date has not received any returns.
The division also ordered Myers to show cause why he should not be ordered to pay restitution plus interest, civil penalties and investigation costs totaling more than $52,500.
The division issued a final order against unregistered agent Colin P. Purcell and iPractice Group Inc. to cease and desist after misleading investors in the sale of $905,600 in securities.
Purcell and iPractice are ordered to pay restitution plus interest, civil penalties and investigation costs totaling more than $800,000.
If you have questions about an investment opportunity or wish to check the status of an adviser, please call the toll-free investor protection hotline at 800-721-7996, or go to www.missouriprotectsinvestors.com.
Visit www.sos.mo.gov to learn more about the Office of the Missouri Secretary of State.