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SCHOLARSHIP COUNSELORS, INC. v. WADDLE

507 S.W.2d 138 (1974)

SCHOLARSHIP COUNSELORS, INC., etc., et al., Appellants, v. R.B. WADDLE, Jr., et al., Appellees.

Court of Appeals of Kentucky.

March 1, 1974.

Attorney(s) appearing for the Case

Michael Avedisian, Avedisian & Avedisian, Paducah, for appellants.

Robert P. Ross, Asst. Director and Atty., Dept. of Banking, Frankfort, for appellees.

GEORGE E. BARKER, Special Commissioner.

This is an appeal from a final order of the Franklin Circuit Court which affirmed the Findings of Fact, Conclusions of Law and the Cease and Desist Order issued by the Director, Division of Securities, Department of Banking and Securities of Kentucky.

The Cease and Desist Order prohibited the appellants from making further offers and/or sales of a certain "scholarship plan" or program until there had been compliance...

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